The RBNZ have been explicit on what they need to see before intervening in the currency market
It won't be entirely applicable to the Bank of Japan, for one thing the Reserve Bank of New Zealand is managing relatively (to the BOJ) small FX reserves and don't have as many bullets.
But nevertheless, it might be helpful (you're welcome):
(Note: PTA is the Policy Targets Agreement the RBNZ has with the government. It is different to PITA, which is what it is when evil speculators are meddling in your currency :-D ))
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I reckon bullet point 1 hasn't been achieved, it fails at the first hurdle for the BOJ here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
