Japan Intervenes in Forex Market to Curb Yen’s Strength
Posted on 08/04/2011
As a tool, central banks often intervene in the foreign exchange market when the buy or sell currencies to influence exchange rates. On Thursday, Japan acted alone to curb the yen’s strength in a unilateral intervention. This was the first time since Japan’s March tsunami that the Bank of Japan intervened in the foreign exchange […]
