If so, I guess I’d like to be imitated by the WSJ…
ForexLive at 11:35 New York time:
The interventions seem to be little more than targeted bailouts to the exporters, these days. Here we are at the end of the month and the BOJ gooses spot to give the Honda’s and Toyota’s a better level to sell, essentially socializing private losses.
The Japanese government intervened heavily in the currency market, throwing the country’s exporters a lifeline just as many of them are reporting bad earnings and plans to move production overseas.
Today’s conventional wisdom two hours ahead of the big guys, I guess.
