With the Japanese Yen Approaching the 100 Mark, Intervention Risks Rise

[kreslik.news]

With the massive rally in the Japanese yen and its slowing economy in recent quarters, the risks for an open intervention on the currency market by the Bank of Japan is increasing. While the mandate of the central bank is not related to managing the currency, the Japanese finance ministry has the authority to mandate the central bank to defend the markets from increased volatility.

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With the rapid swings in the price of the Japanese yen being unwelcome ... (read more)