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[ATTACH=full]176294[/ATTACH][ATTACH=full]176295[/ATTACH][ATTACH=full]176297[/ATTACH][ATTACH=full]176296[/ATTACH]

The weak Yen allows them to challenge China on exports. I don't think China are unduly concerned on this.

The weak Yen has larger implications vis-a-vis the USD and purchasing energy (priced) in USD. Japan currently sit on +/- $1.2T of UST that they can sell down to prop up the Yen or buy USD (which weakens Yen, strengthens USD) for energy.

Definitely intervened last week, but I think via a Fed Swap line. UST market was not roiled.

jog on
duc

[QUOTE="ducati916, post: 1277953, member: 2975"] [ATTACH type="full"]176294[/ATTACH][ATTACH type="full"]176295[/ATTACH][ATTACH type="full"]176297[/ATTACH][ATTACH type="full"]176296[/ATTACH] The weak Yen allows them to challenge China on exports. I don't think China are unduly concerned on this. The weak Yen has larger implications vis-a-vis the USD and purchasing energy (priced) in USD. Japan currently sit on +/- $1.2T of UST that they can sell down to prop up the Yen or buy USD (which weakens Yen, strengthens USD) for energy. Definitely intervened last week, but I think via a Fed Swap line. UST market was not roiled. jog on duc [/QUOTE]

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