Japan’s Mimura yen verbal intervention again – says closely watching FX.
Earlier:
While Mimura’s comments are nothing out of the ordinary, he’s said such things countless times in the past, the bouts of intervention from the BoJ than began late last week have added wiight to his sords this time. USD/JPY is dropping.
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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 directs Bank of Japan intervention timing. he’s been a busy chap 😉
