Reply To: When Does the Bank of Japan Intervene in The Yen


Recent pace of yen fall makes intervention less likely – former top currency diplomat Hiroshi Watanabe

Recent pace of yen fall has been grindy
That makes imminent intervention by Tokyo less likely
Authorities will not intervene to target a certain yen level
When yen moves are gradual, as is the case now, intervention won’t have much effect in turning the tide around