Masato Kanda is Deputy Minister of International Affairs at the Japanese Ministry of Finance. He is the official who orders the BoJ to intervene when he deems it necessary, and is often referred to as Japan’s “top foreign exchange diplomat.”
He’s all shy now:
- nothing to say about Japan’s intervention in the foreign exchange market
Meanwhile, USD/JPY rebounds from previous lows:
Previous posts about the procedure (don’t let Kanda fool you):
- USD/JPY falls sharply
- USDJPY falls below the 100 hourly MA and continues to decline.
- USD/JPY Crashes Below 155.00 in Ultra-Thin Intervention Trade
- The wide spreads you see on yen crosses are a feature, not a bug.
This article was written by Eamonn Sheridan at www.forexlive.com.
cnbctv18-forexlive
