Japan Bans Merrill Lynch From FX Intervention

CENTRAL BANK ALERTS

Merrill Lynch Capital Markets Bank has been banned by Japan’s ministry of finance from executing forex intervention orders, according to a Reuters report.

Merrill’s Tokyo branch allegedly leaked information about foreign exchange intervention executed through the bank.

The information is believed to have detailed the amounts of currency involved and the levels at which intervention took place. The information apparently went to other Merrill Lynch group companies globally.

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