Japan’s former top currency diplomat Naoyuki Shinohara said on Wednesday, “it is ‘meaningless’ for Tokyo to conduct the yen-buying intervention.” Additional quotes “Yen-buying intervention, BOJ rate hike will not have a lasting effect in reversing the trend of weak yen.” “Yen falls reflect economic fundamentals to some extent, moves not very fast.” www.fxstreet.com
Japan’s former top currency diplomat Naoyuki Shinohara said on Wednesday, “it is ‘meaningless’ for Tokyo to conduct the yen-buying intervention.”
Additional quotes
“Yen-buying intervention, BOJ rate hike will not have a lasting effect in reversing the trend of weak yen.”
“Yen falls reflect economic fundamentals to some extent, moves not very fast.”
www.fxstreet.com