Japanese intervention
Drop in Price of Oil Sends Dollar Lower and Equities Higher
November 9, 2026
(114) In weekend interviews aired on CNN and 60 Minutes, U.S. President confirmed that peace negotiations are continuing and that so long as that’s the case, a resumption of air strikes on Iran is “highly unlikely.” In response, the prices and West Intermediate and Brent crude oil are down so far today by 3.0% and […] More
Attention Shifts to Other Countries from the United States
November 8, 2024
The broad Republican Party victory in Tuesday’s U.S. election has been center-stage in global financial markets most of this week. Running on a platform calling for sweeping changes on a wide range of policies, Trump got a slim majority of the popular vote (50.7% to Harris’ 47.7%) and 69 more declared electoral votes so far […] More
Unofficial Final Day of Summer Starts with a Rise in Equities and a Steady but Firm Dollar
August 28, 2023
Equities in the Pacific Rim rose 1.7% in Japan, 1.1% in China, 1.0% in Hong Kong and South Korea, and 0.6% in Australia. Share prices so far in Germany, France, Italy and Spain have strengthened at least 1.0%, and key U.S. indices are around 0.7% higher. There’s been scant net movement in the dollar, which […] More
Today’s Japanese Intervention: A Background Primer
September 15, 2010
The Bank of Japan sold yen against dollars on a persistent and very heavy basis today. Over $10 billion equivalent were done and possibly as much as $20 billion. The BOJ acted alone and as an agent for the Ministry of Finance, which made the decision to act after weeks of threatening such a recourse. […] More
First Japanese Intervention Since 2004 Sent Yen Sharply Lower
September 15, 2010
On the Ministry of Finance’s instructions, the Bank of Japan sold a reportedly heavy amount of yen against dollars said to have exceeded $10 billion equivalent. Finance Minster Noda confirmed the unilateral operation and implied the injected liquidity would not be withdrawn from the money market. No other central banks have intervened. The BOJ began […] More
