Blue graph model of stock performance
Markets

USD/JPY intervention hints - and here's a guide to all those acronyms

USD/JPY and yen crosses are all a little higher in recent minutesw

On the back of:

Japan finance minister Aso

He is such a shameless tease! Yep, hinting at intervention with these sorts of comments, lets see if there is any action to back 'em up.

The meeting will be at 9.50am Tokyo time (0050GMT)

-

Meanwhile, who are are all these acronyms?

  • FSA is Financial Services Authority, the agency that oversees banking, securities and exchange, and insurance
  • MOF is the Misery (OK then, Ministry) of Finance
  • BOJ you know (and in case you been living in a cave (welcome out, BTW) it's the Bank of Japan)

Any intervention instructions will come from the MoF

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.

Other Topics

ForEx