Post Tagged with: "Central Banks"
Support Line – Courtesy of the Bank
The SNB did it again. They intervened in the forex market to weaken the Swiss Franc. Against the dollar, these moves sure are short lived, but regarding the Euro, the central bank sure marked a support line for EUR/CHF. The Swiss National Bank intervened again in the currency markets to weaken the national currency. Like
BOJ may intervene to weaken the Yen
The Bank of Japan – BOJ is concerned with the Yen’s recent stength. The recent push to the Yen came after the congress failed to approve the bailout plan on Thursday night. The USD/JPY plunged as low as 88, a 13 year low. The intervention of the central bank will help the Japanese exporters enlarge