For whatever reason, the G7 seems reluctant to join Japan in coordinated intervention, according to the Nikkei. If that is the case, this creates an opportunity for Asian nations to band together and coordinate their activities.
China, Singapore, Korea,Taiwan, Malaysia, Indonesia should all join forces to help stabilize the JPY. While all are competitors, they also are deeply interconnected economically. Throw Australia into that mix as well…
USD/JPY is easing from 79.35 highs as it becomes clear Japan will be left to go it alone by the west.
