New Markets
Thursday, 7/2, 04:45 AM
How Currency Intervention Works, and Why Japan Is Ambushing Yen Bears
- Japan is reportedly switching to 'ambush' tactics — intervening without warning — to defend a yen stuck near multi-decade lows against the dollar and punish speculators betting it will fall further.
- Here's a plain guide to what currency intervention is, why Japan does it, and why it's so hard to win.