Episode Details
Back to Episodes
UBS On-Air: Paul Donovan Daily Audio 'Fun with foreign exchange'
Published 1 month, 2 weeks ago
Description
The yen has been gyrating amidst speculation about intervention in the markets and the possibility of more aggressive action by the Bank of Japan. A Japanese market holiday looms. Intervention only changes a currency’s value if there is a speculative attack to defeat (there is not) or if fundamentals change. Interest rates are a relevant fundamental, but one of many.