Round one of JPY jawboning falls on deaf ears

Round one of JPY jawboning falls on deaf ears

Yen pairs ignore the first jawboning from the Japanese Ministry of Finance It was always going to happen that if USDJPY broke down, someone at the MOF would pop their nose above the parapet to pass a comment. So, today we got the Vice Minister of Finance for...
What to make of MOF/FSA/BOJ meeting today

What to make of MOF/FSA/BOJ meeting today

The main currency and policy bodies met on 29.01.2018 Japan Currency Head Asakawa: -Will continue to monitor FX market closely; checking what is behind moves; -should avoid FX competition; (in-line with G7 rhetoric) – Reiterates that will not target FX for...

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