Huitong NET May 14
Federal Reserve of New York (NY FED) Friday (13th) report shows that for the fight against the yen to United States in March, Japan after the earthquake the size of us $ 1 billion to intervene.
New York Fed also said that the Federal Reserve by the Federal Reserve system open market account for the size of US $ 500 million of intervention, at the same time to United States Treasury (US Treasury) scale of identity through the Exchange Stabilization Fund for the intervention of the US $ 500 million. Intervention is conducted only once.
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European Central Bank points "inflation fighter" Euro turned over ACE now dollars into rebound cycle high risk assets bull market will end euro appears every high short opportunity market emotional vulnerable non-us unspeakable rebound IMF on Greece avoid debt recombinant has confidence euro bad constantly risk aversion demand push high dollars national day Xin months site revealing three quarter layout opportunity report pointed out that To interfere with the Group of 7 (G7) statement. In Japan after the earthquake, the Yen once appreciated significantly, for the fight against excessive and disordered movements in exchange rates, the G7 for the intervention.
report noted that Japan's Central Bank sold yen to depress the Yen exchange rate. Led to depreciation of the yen by intervention is to a large extent occurred shortly after the G7 meeting announcement.
this intervention was with the Japan's Central Bank (BOJ), the United Kingdom's Central Bank (BOE), Canada's Central Bank (BOC), the European Central Bank (ECB) joint. Reports do not indicate United States authorities to suppress the yen to buy the currency, but announced in the scale of intervention consistent with the market estimated size.
