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Ash4781

Yen Action

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http://www.bbc.co.uk/news/business-14398392

The Japanese government and central bank have intervened to weaken the yen and protect economic growth.

In the morning, Japan moved into the currency markets, cutting the value of the yen against the US dollar.

Comes after the Swiss National Bank intervened yesterday.

Will we get the MPC announcing more QE today?

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They want to save the system but the can't.

hehehe.

Expect global, coordinated QE through the bond/FX markets.

Edited by Errol

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I think they call it 'slowing the rise' in the Yen.

What they really need is a an earthquake, tsunami and nuclear meltdown once a month.

Actually that's the last thing they need judging by history. Every time there is a crisis the rest of the world cries : "quick, buy yen, the japs are repatriating!"

But Errol makes the critical point here, and may I say, shows remarkable restraint in refraining from joining the obvious dots to his favourite subject.

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http://www.bbc.co.uk/news/business-14398392

Comes after the Swiss National Bank intervened yesterday.

Will we get the MPC announcing more QE today?

Well, the Yen went from 124 to the Gbp to 130 and is now at the 123 level.

Intervention doesn't seem to be working too well.

I know, they should try it again. What was it that Jewish bloke said........something about insanity?

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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