Does Recent JPY Boost Raise Probability of BOJ Intervention?

24 August 2010 @ 06:21 am EDT

The Japanese yen has made strong gains against all of its currency rivals these past few trading days. This growth is likely due to the sudden spike in risk aversion, similar to the growth being witnessed in the US dollar currently. Market forecasts, which have been consistently predicting a global slow-down, have scared investors away from riskier assets and back into the safety of the dollar and yen.

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