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Wednesday, September 8, 2010

FX comment: intervention – Japan practises, the Irish just do it

by Trevor Carr

It seems the Bank of Japan has been carrying out dry runs and mock drills for eventual intervention.


It is so long since the BoJ has intervened that there is no one there who with any experience of wading in and dampening volatility (or whatever it is that it is supposed to do).

How do you go about practising intervention? My chum LO reckons it’s done by opening up a...


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