Amount of Yen Buying in Thin Market Shows Limit to Intervention

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Japan’s suspected currency intervention on Monday is raising questions about how far authorities will need to go to meaningfully prop up the yen.

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Instant view: Japan's yen jumps 5 yen against dollar on suspected interventionExplore stories from Atlantic Canada.
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Bank of Japan Stands Pat on Rates and Bond Buying, Hitting Yen(Bloomberg) -- The Bank of Japan held its interest rate settings steady and simplified its language on bond-buying at a two-day meeting that took place after...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bank of Japan Stands Pat on Rates and Bond Buying, Hitting YenThe Bank of Japan held its interest rate settings steady and simplified its language on bond-buying at a two-day meeting that took place after the yen hit a fresh 34-year low this week.
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Asian shares rise as yen weakens, gold benefits from buyingA 1.6% bounce in the Nikkei has led Asian shares higher so far today as the yen skids on pretty much all the major crosses. Copper may have been boosted by China's moves to promote auto trade-ins and scrap government-set minimum down payments for consumers financing new car purchases. Gold seems to be benefiting from buying by momentum funds and commodity trading advisors (CTAs) since its clean break of $2,072 resistance. There's also a sense that investors are concerned at the mountain of debt global governments are issuing, seeking to put money in assets that are limited in quantity.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian shares rise as yen weakens, gold benefits from buyingA 1.6% bounce in the Nikkei has led Asian shares higher so far today as the yen skids on pretty much all the major crosses. Copper may have been boosted by China's moves to promote auto trade-ins and scrap government-set minimum down payments for consumers financing new car purchases. Gold seems to be benefiting from buying by momentum funds and commodity trading advisors (CTAs) since its clean break of $2,072 resistance. There's also a sense that investors are concerned at the mountain of debt global governments are issuing, seeking to put money in assets that are limited in quantity.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bets on Intervention Fuel Yen Buying by Japan’s Retail Investors(Bloomberg) -- As the yen trades near a 34-year low, speculation over possible intervention is consuming Tokyo’s currency markets. One group is confident it ...
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