The report cites a source. Atsushi Mimura replaced Masato Kanda in late June as Japan's top currency diplomat and we've been eagerly awaiting a new strategy. Kanda relied heavily on verbal intervention and then tried to squeeze the market after it blew through higher levels. He ultimately spent $60 billion in a temporarily successful intervention that knocked USD/JPY down by 800 pips.It later recovered though and I don't think that playbook would have been as successful a second time.Enter Mimura. The new strategy appears to be to wait for help -- this time from US data -- and go with the momentum. I've written about this strategy several times and how it's had more success globally. You wan
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