218523 Resource 119241 120646 120646 1227102296380 1227102612812 Controlled Bank of Japan Moves Closer to Intereference

Exports are more important than the yen in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">For years, the Bank of Japan and other Japanese officials have made it clear that exporters are more important than the strength of the yen in currency trading. Indeed, the BOJ has been largely content with a weak yen in order to ensure that its exports remain competitive.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Now, though, the yen is appreciating at a rapid rate. While there are some thoughts that next year could see a decline in <a title="yen forex trading, forex trading forecast, Japanese yen, dollar/yen, yen currency trading, currency trading, Bank of Japan" target="_blank" href="item/218384">dollar/yen</a>, there is still the question of the unwinding carry trade, risk aversion and flight to safety.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">As a result, the Bank of Japan is seriously considering intervening to do what it can to slow the yen's appreciation. <a title="yen forex trading, forex trading forecast, Japanese yen, dollar/yen, yen currency trading, currency trading, Bank of Japan" target="_blank" href="http://www.fxstreet.com/technical/analysis-reports/the-forex-technical-report/2008-11-19.html">FX Street reports on the possible yen forex trading forecast</a>:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">Traders are speculating the Bank of Japan will need to send a serious message to the Forex markets at this time. This could come in the form of a massive selling of Yen coupled with an increase in money supply to assure the intervention takes hold. This action should have a strong dilutive effect on the Yen.</font></div> 9 application/xml false Bank of Japan currency trading dollar/yen forex trading forecast Japanese yen yen currency trading yen forex trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119241 blog blogsite/GFTForex/web