Of the remaining 5 trillion yen that the Ministry of Finance...
Of the remaining 5 trillion yen that the Ministry of Finance can use to intervene, it seems that about 2 trillion yen worth of US dollars was “released” into the exchange market today, but such money only became “bait” for speculators specializing in domestic and foreign exchange. The value of the dollar will rise to its original value within a few days, or more. The “live ammunition” that can be used for intervention is also 3 trillion yen left, and once this runs out, it's “game over.” Unless the abnormal interest rate difference between Japanese and US currencies is resolved, the dollar may reach close to 200 yen rather than 170 yen by the end of the year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment