Japan Finance Minister warns of further intervention if needed; hedge
funds slash Yen short positions by half
opalesque
3 days ago
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Japan's Finance Minister Katsuyuki Katayama has explicitly stated that Japan and the U.S. will not hesitate to jointly intervene in the foreign exchange market again if necessary, aiming to counter speculative pressure from yen carry trades. CFTC data shows that following massive official interventi...
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