I am looking for a selling opportunity. This trade is also based on a fundamental view.
The Bank of Japan has intervened to pop up the Japanese yen following months of decline against the US Dollar. The yen has plummeted by almost a quarter against the greenback this year as the Bank of Japan pursues ultra-loose monetary policies while the US Federal Reserve raises interest rates aggressively. He confirmed his comments meant that Tokyo had intervened in currency markets for the first time since 1998, when the yen's plunge to around 146 yen per dollar was seen as a threat to economic stability.
The Bank of Japan has intervened to pop up the Japanese yen following months of decline against the US Dollar. The yen has plummeted by almost a quarter against the greenback this year as the Bank of Japan pursues ultra-loose monetary policies while the US Federal Reserve raises interest rates aggressively. He confirmed his comments meant that Tokyo had intervened in currency markets for the first time since 1998, when the yen's plunge to around 146 yen per dollar was seen as a threat to economic stability.