It was an extraordinary trading session in Europe, as several European central banks were seen intervening in a bid to tame the sky-high yen, but after an initial skid lower in yen crosses, the Japanese currency has regained momentum and clawed back some of its losses.
Intervention from the Bundesbank, the Banque of France, the Bank of England and later the Bank of Italy came after the Bank of Japan intervened on behalf of the Japanese Ministry of Finance overnight, spending around Y1 trillion to Y2 trillion buying dollars against the yen. The European Central Bank also ...Full Forex News at :
http://www.forexsq.com/currencies/forex-european-banks-dive-into-g-7-yen-intervention-/
ForexSQ
Intervention from the Bundesbank, the Banque of France, the Bank of England and later the Bank of Italy came after the Bank of Japan intervened on behalf of the Japanese Ministry of Finance overnight, spending around Y1 trillion to Y2 trillion buying dollars against the yen. The European Central Bank also ...Full Forex News at :
http://www.forexsq.com/currencies/forex-european-banks-dive-into-g-7-yen-intervention-/
ForexSQ
