Mohamed A. El-Erian (@mohamedelerian): "Further to yesterday’s post on the Japanese currency: In the "game of chicken" between the authorities and FX traders, aggressive verbal intervention from both the Ministry of Finance and the Bank of Japan has pushed (appreciated) the yen back below the 160 level (CNBC chart be…"

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Further to yesterday’s post on the Japanese currency:

In the "game of chicken" between the authorities and FX traders, aggressive verbal intervention from both the Ministry of Finance and the Bank of Japan has pushed (appreciated) the yen back below the 160 level (CNBC chart below).

#economy #markets #yen #japan #jpy #fx

Apr 30

9:53 AM

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