- It is desirable that the exchange rate reflects medium and long-term fundamentals.
- I don’t know if the authorities intervened
- But if they did, the timing was very good
This is the first time he has drawn a line under the yen’s weakness, calling it “too much.” That being said, many of Japan’s biggest companies are also exporters, so I doubt they are the ones complaining.
This article was written by Justin Low at www.forexlive.com.
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