Yen sinks to near historic levels against euro and Asian currencies
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Ouchies….
Wonder if BoJ will step in Soon? I feel like they REALLY don’t want the Yen to stay at 150+yen to a Dollar for long – But on the other hand – I’m not sure the U.S side would like it very much if they actively intervened either…
Wonder What they will do, eh? – Intervene soon (Tm) OR wait for the, possible, Rate hikes they ponder in the beginning/Summer of next year?
I’m going to bet on an Intervention Soon (Tm)