26 min
Japan Spent 60 Billion Dollars Defending The Yen! Patrick Boyle On Finance
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- Investing
Send us a Text Message.Over a four-day period Japan is suspected to have carried out two interventions to support the yen at an estimated cost of $59 billion dollars.The first intervention came after the yen fell below 160 to the dollar for the first time in 34 years. The second intervention came a few days later after Jerome Powell announced that a rate hike was unlikely to be the Fed’s next interest-rate move.The simplest explanation for the declining yen is that it is entirely driven by Ja...
Send us a Text Message.Over a four-day period Japan is suspected to have carried out two interventions to support the yen at an estimated cost of $59 billion dollars.The first intervention came after the yen fell below 160 to the dollar for the first time in 34 years. The second intervention came a few days later after Jerome Powell announced that a rate hike was unlikely to be the Fed’s next interest-rate move.The simplest explanation for the declining yen is that it is entirely driven by Ja...
26 min