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Japan is Fighting Against the Entire Investing World in the Currency Market
An anonymous reader shares a report: Japan's Ministry of Finance spent nearly $50 billion on April 29 and May 1 trying to prop up the value of the currency by selling US dollars and buying yen. Who was on the other side of this trade? Data from Deutsche Bank's foreign exchange trading platform sugge...
An anonymous reader shares a report: Japan's Ministry of Finance spent nearly $50 billion on April 29 and May 1 trying to prop up the value of the currency by selling US dollars and buying yen. "That absorption of USD/JPY selling from the Japanese Ministry of Finance was so broad-based continues to point to the lack of effectiveness of this policy." Strategists have warned that action from the Bank of Japan may be needed to reinforce the Ministry of Finance's attempts to guard against further yen weakness.
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