Japan’s Yen Intervention Stopped At 79.19 By Word Play

Japan is reported to begin Yen intervention today. But after the initial US dollar surge, Yen stalled around 79.19 against 1 US dollar over 3 hours. In early afternoon trading in Tokyo, the dollar was holding steady at around 79.19 yen, but it remains to be seen how long an impact the intervention will have.… Continue reading Japan’s Yen Intervention Stopped At 79.19 By Word Play