BoJ hat im ersten Qual 2.4 Billionen Yen verkauft

verfasst von kingsolomon, 08.05.2003, 09:11

-->geholfen hats wenig, gestern gab's einen neuen Höchststand gegen USD.
Und bei 115 lauert eine riesige SKS-Formation im wöchentlichen Chart...

UPDATE - Japan sold Y2.39 trln in Jan-Mar forex intervention
Wednesday May 7, 11:07 pm ET

TOKYO, May 8 (Reuters) - Japan said on Thursday it sold 2.3867 trillion yen in currency markets in the January-March quarter as it tried to stem the yen's strength against the dollar.

That is equivalent to $20.5 billion at Thursday's exchange rate.

Japan sold the yen, largely for the dollar but occasionally also for the euro, on 17 days in the first quarter of 2003, starting from January 15, when the dollar fell below 118 yen in the run-up to the U.S.-led war in Iraq.

Japanese Finance Ministry officials have repeatedly said they act simply to curtail excessive volatility in the forex market, but many market players say the real aim is to stop the yen from strengthening, which would damage exports, one of the few bright spots in Japan's fragile economy.

To maximise the effect of their intervention, the Japanese authorities adopted new tactics in the January-March quarter, conducting intervention without any official declaration.

Such"stealth" intervention surprised market players at first but the effect soon wore off.

Following persistent intervention, the dollar briefly rose to nearly 122 yen by late March, helped by hopes that hostilities would be over quickly.

Doubts have since resurfaced about a post-war recovery in the U.S. economy and the dollar has fallen back to pre-intervention levels. It fell to 116.07 yen (JPY=) on Wednesday.

Japan is not thought to have intervened since early March but the dollar's latest fall has raised speculation that it may return to the market.

A senior Finance Ministry official said the ministry was ready to act again.

"There have been very rapid and unstable moves in the forex market, which were excessive and inappropriate and should be corrected," the official said at a briefing on Thursday.

"The ministry is ready to take appropriate actions at appropriate times," the official added.

($ = 116.42 yen)






 

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gesamter Thread:

• BoJ hat im ersten Qual 2.4 Billionen Yen verkauft - kingsolomon, 08.05.2003, 09:11
  • ein Freund in Japan schrieb mir heute..... - R1, 08.05.2003, 09:27
    • Re: ein Freund in Japan schrieb mir heute..... - sensortimecom, 10.05.2003, 19:21