mein Broker untertreibt - Reuters meldet jetzt gar $28B für die ersten zwei Tage

verfasst von kingsolomon, 07.01.2004, 17:17

-->Kein Wunder, dass die Zinsinstrumente kaum am amerikanischen"Wirtschaftswunder"
interessiert erscheinen. Tokio kauft alles auf.


Reuters
BOJ spent Y3 trln in intervention this week-source
Wednesday January 7, 4:01 am ET


TOKYO, Jan 7 (Reuters) - Japan, worried that a strong yen could hurt an export-led recovery in its economy, spent about three trillion yen ($28.3 billion) in the first two days of this week to hold the currency down, a market source said on Wednesday. That figure compares with some 20 trillion yen ($188 billion) spent on yen-selling currency market intervention in the whole of 2003. The source said the Bank of Japan, acting on behalf of the Ministry of Finance (MOF), sold about 2.6 trillion yen on Monday. Despite the massive intervention, the dollar (JPY=) hit a three-year low of 106.06 yen later that day.

About 400 billion yen was spent on Tuesday when the dollar touched a low of 106.09 yen, the source said.

In late Tokyo trade on Wednesday, the dollar was holding just above that level, at around 106.20 yen.

The Japanese authorities are thought by some analysts to be desperate to prevent the dollar from falling below 105 yen, since that would trigger heavy options-related selling of the U.S. unit, but traders say it is only a matter of time before it breaks through 106 yen.

In a move to secure more intervention funds, the MOF announced last month that it would raise the borrowing limit on its currency intervention account to 140 trillion yen in the fiscal year starting next April from 79 trillion yen.

As a stopgap measure to avoid a funding crunch before parliament approves the raising of the borrowing limit, the ministry has arranged a repo deal with the Bank of Japan in which it can get funds by selling foreign bonds to the central bank, buying the paper back at a later date. ($1=106.18 Yen)

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gesamter Thread:

• BoJ hat diese Woche bereits wieder mit $12B interveniert - USDJPY unbeeindruckt - kingsolomon, 07.01.2004, 13:54
  • Die sollen aufhören mit dem Scheissdreck. Lieber ein Ende mit Schrecken! - Prosciutto, 07.01.2004, 13:58
    • Dauert das Ende länger, so wird der Schrecken (hier) grösser! (owT) - Silberfuchs, 07.01.2004, 18:06
  • mein Broker untertreibt - Reuters meldet jetzt gar $28B für die ersten zwei Tage - kingsolomon, 07.01.2004, 17:17