Markets Consolidate Ahead of NFP
Traders holding long JPY positions were bracing themselves for today’s Asian open. However, the ever-image-conscious Japanese clearly felt that a physical intervention just hours from the IMF / G7 meeting was not worth the reputation risk. Especially if Japan’s intention were to help the US pressure China to increase CNY flexibility. Rhetoric from Japanese policymakers did increase...
Thursday, 07 October 2010 19:00
Read more: ACM Newsletter
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