Bloomberg have excelled themselves with this: A Trader’s Guide to Japanese Policy Makers’ Language on the Yen
- Here is a guide to gradations of concern at exchange-rate movements based on remarks in the past
- – In cases of slight volatility, officials will typically decline to comment, or say something like: “We aren’t swayed by movements in currencies”
And it continues to go all the way to 11 with:
- – Intervention warning: “Won’t rule out any options/means to combat excessive movements” “Ready to take decisive/bold action to counter excessive/speculative moves”
LOL – Awesome work from Bloomberg!