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Japan Intervened In FX Market To Buy Yen
Japan Intervened In FX Market To Buy Yen
With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usual round of jawboning.
*KATAYAMA: WE ARE MONITORING FX MARKET WHILE YOU ARE ON HOLIDAY
*KATAYAMA: WE ARE NEARING TIMING TO TAKE BOLD ACTION ON FX
Then
*MIMURA:...
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