That BOJ intervention is simply colossal. Enormous. My beeber is stuned.
Japan said 82 was the limit. It intervened at 81. How long did that last?
78 was the next limit. Japan bought at 75.
It never lasts compared to the magnitude of the FX.
Switzerland did make good on its threat to buy unlimited Swiss Francs. Then it just threatened to peg the Swissy to the euro. Japan has its limits.
yitbos