(Bloomberg) -- For Japan’s influential group of individual investors in the currency market, the latest suspected interventions to support the yen come as an...
-- For Japan ’s influential group of individual investors in the currency market , the latest suspected interventions to support the yen come as an ideal opportunity to load up on dollars.Einhorn Says Markets Are ‘Broken.’ Here’s What Data Shows
The fact that retail investors are using intervention as a chance to buy dollars cheap highlights the challenges Japanese officials face in trying to prevent a further tumble in the yen when a wide interest rate gap boosts the appeal of investing in US assets. And individuals in Japan are a significant force in the foreign-exchange market, accounting for nearly 30% of global currency trading by retail investors, according to a BOJ report.
Since authorities are suspected to have conducted the second recent intervention around the 157-yen level, “from the 155-yen level, investors will be looking for a place to sell, and as the yen approaches 157, the ratio may tilt toward selling dollars and buying yen in anticipation of intervention,” said Kanda at Gaitame.com.Buy TD Bank stock and another bank as they crash further into the abyss.
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Individual Investors Japan Retail Investors Currency Market Intervention Interventions Japanese Authorities
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