Japan Intervenes In FX Market To Crush Yen Shorts After Dovish CPI

Via Zerohedge The yen – that favorite asset of momo chasers and Mrs Watanabes everywhere – exploded more than 2% against the dollar in the wake of the much weaker than expected CPI print, a move which was quickened by what Asahi TV reports was the latest round of BOJ intervention. Japan’s currency abruptly soared […] Source