What shape will a "joint currency intervention" take? Do G-7 buy Japanese bonds, or...? I don't really understand this stuff. Thanks.
Not sure of the details in this case but I think it looks like a call to dealers (Barclays, Goldman, BNP, Citi, ...) saying... ECB: offer for 1 yard EURJPY... mine BOC: offer for 500 CADJPY... mine FED: offer for 2 yards USDJPY... mine ...
This one caught my attention. The outcome may not have the desired effect and appears reactionary. Where is the CNY in all this. Akuma