[Skip to the end] Before the body is cold the MOF has announced they are no longer going to be intimidated by being called ‘currency manipulators’ and ‘outlaws’ by Paulson and are resuming the building of the USD reserves to support their export industries. Bernanke’s beggar thy neighbor policy is being matched by real action- […]
Tag Archives: Stanley White
Yen strength
[Skip to the end] BOJ Helpless as Yen Rises on Carry, UBS, Barclays Say by Ron Harui and Stanley White Nov. 6 (Bloomberg) — The Bank of Japan may be powerless to prevent the yen from rising to a 13-year high, according to the world’s biggest foreign-exchange traders. Wrong! Japan can sell yen and buy […]