Japan’s currency authorities "have entered a new phase" in their handling of yen weakness ...Middle East

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While Japan's Ministry of Finance, nor the BoJ, have confirmed Monday's intervention the evidence is piling up:UBS on the yen: "Looks like intervention", if it was its unlikely to have a lasting impactGoldman Sachs says yen trading volumes skyrocketed to nearly ten times normal on MondayVia Bloomberg comes this:“As far as we can tell by looking at changes in the BOJ current account, we can say there’s a high likelihood intervention took place on the 29th,” said Teppei Ino, Tokyo head of global markets research at MUFG Bank Ltd. “The amount of about ¥5 trillion is largely in line with expectations.”The figure of circa 30bn USD is derived from the BOJ reporting on Tuesday that its current acco

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Japan’s currency authorities "have entered a new phase" in their handling of yen weakness ...Middle East

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