breaking news Ex-Japanese forex official says further yen buying interventions will be limited in scale

Former top monetary diplomat Naoyuki Shinohara:

  • Japan is unlikely to intervene in the forex market to defend certain lines in the sand such as 145 yen against the dollar

  • Any further yen-buying intervention by Japan will be limited in scale, aimed at smoothing volatility rather than defending a certain level of dlr/yen


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