FX intervention

Japan Intervenes Heavily and Increases Quantitative Easing

August 4, 2011

There has been massive intervention by Japan’s Ministry of Finance applied constantly.  The dollar leaped 3.8% against the yen, getting as high as 80.25 versus a low of 76.76 yesterday.  A 2-day scheduled Bank of Japan Policy Board meeting was compressed to a single day, so that the announcement of extra quantitative easing could be […] More