JPY declines amid speculation of BOJ intervention.

Discussion in 'Trading' started by ASusilovic, Jul 14, 2011.

  1. [​IMG]

    Japan’s ministry of finance says it has no comments on any intervention by Japan in the forex market.

    Are you ready to rumble? :cool:
  2. That was barely good for 50 pips. They're going to have to do better than that if they take on The Bernank.
  3. blnbr


    BOJ has tried intervention many times before and knows it would work no more than a few days. Now U/J appear to be on the way to new low again and BOJ is getting hectic under the situation...