Traders active on MoF retreat

Traders and analysts agreed that the yen is set to rapidly appreciate during April. But traders were loath to suggest that it is a one-way bet, as the MoF can still sell vast amounts of yen at any time. As a result, the upside for the currency will be explored tentatively, they said.

Violent moves in dollar/yen, which saw a fall from 105.92 to 103.42 on Wednesday (March 31), followed a week of speculation as to the future of Japanese currency intervention. This was prompted by reports in The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: