FX Week

Intervention in Japan likely to continue

Japan spent ¥2 trillion on currency markets intervention throughout July, and this spending is set to continue in order to maintain a target of 120 yen per dollar, said Simon Derrick, chief currency strategist at Bank of New York in London.

Cycle of pressures

In part, a cycle of pressures is behind the intervention mentality: on the one hand, there is the need for Japan to maintain a competitive international advantage in the export market via a weaker yen. But at the same time, foreign inves

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: