The talk around the camp fire continues to be yesterday’s Japanese forex intervention, and for good reason. First of all, it was very, very big with the Nikkei reporting that the BoJ sold more than ¥2trn which roughly equates to $23bn over the course of Asia, Europe and the US sessions. The enormous size required to move the USDJPY just 250 pips just illustrates the entrenched bearish sentiment... ...More...


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