0 Guest Sam Bouman Posted June 21, 2019 Share Posted June 21, 2019 Quote Link to comment Share on other sites More sharing options...
0 Djamel Brahimi Posted June 21, 2019 Share Posted June 21, 2019 With the various macroeconomic issues occurring all at once, middle east and trade war worries to a stronger extent have worried investors around the globe and they have moved their money into the safe haven assets causing currencies like the yen to increase in value. With Japan relying on their export market they prefer to keep their currency valued at the lower end, this is because it will be cheaper for businesses in other nations to purchase products from Japanese companies and help to keep their export market attractive. So with the currency increasing in value this has started to worry Japanese diplomats. One of Japan’s top currency diplomats issued a warning earlier today stating that the excess volatility in the currency markets is undesirable and that the authorities will coordinate as needed. She also stated that they can take appropriate action if necessary and this to me shows that should the Japanese yen become too strong for the BoJ’s liking then they wont hesitate to intervene and maybe provide some stimulus in order to devalue the currency again. Quote Link to comment Share on other sites More sharing options...
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