Read full post at forexlive.com
USD/JPY is down, just above 150.00 as I update.
Atsushi Mimura is Japan’s vice finance minister for international affairs, AKA ‘top currency diplomat’.
Japan’s finance ministry is the relevant authority in Japan for ordering intervention in the JPY. Mimura has taken over from Kanda in charge of the relevant department, so it’s him who would be directing Bank of Japan intervention, should it come to that.
Says:
—
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Reply