Episode Details

Japans finance ministry appears to be intervening in the yens fluctuations, causing sudden spikes and crashes against the dollar. These interventions, which include a ten trillion yen drop in late April and during Golden Week, aim to combat the yens weakness as it nears one hundred sixty per dollar. The ministry is employing a selective approach, using smaller interventions to warn traders off testing the one hundred sixty level without full-blast interventions. The yen currently stands at one hundred fifty-eight point four eight in London Friday, with investors on edge due to these interventions.

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