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I agree with Jens; Yen intervention had an impact on the market last week. To paraphrase a Ben Bernanke quote about QE: Yen intervention seems to work better in practice than in theory. https://t.co/7Soh1t7gH4
Traders definitely took note of Yellen $JPY “spank” over the weekend 😅 https://t.co/WnLwBDMeOL https://t.co/4nAyic6wJ0
Traders definitely took notice of Yellen $JPY “spank” over the weekend 😅 https://t.co/dAZTmBPKtM https://t.co/4nAyic6wJ0
Japan's finance minister declined to confirm if Japan intervened to support the yen, causing traders to speculate. Traders reduced bets on yen weakness after likely intervention by Japanese officials. Yellen advises caution on currency intervention after yen surge. Market reacts to yen intervention, with mixed opinions on its impact.
