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BOJ Firepower Fizzles as Currency Market Dares Japan to Act - Printable Version

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BOJ Firepower Fizzles as Currency Market Dares Japan to Act - Contra Corner - 08-17-2016

BOJ Firepower Fizzles as Currency Market Dares Japan to Act

By Lananh Nguyen Lananh and John Ainger Foreign-exchange traders are becoming increasingly confident that the Bank of Japan won’t stand in the way of further yen strength after the currency surpassed 100 per dollar for the second time this year. Strategists at Bank of Tokyo-Mitsubishi UFJ Ltd. and Morgan Stanley see the yen extending this year’s almost 20…


http://davidstockmanscontracorner.com/boj-firepower-fizzles-as-currency-market-dares-japan-to-act/