"If you think the ministry is talking its eyes off the market, feeling there is little it can do about the yen's gain, you're wrong," says a MOF official after BOJ easing moves and "verbal intervention" have failed to reverse a rally in the currency. Currency traders are feeling their oats, believing only a far weaker dollar (say ¥75 instead of current ¥79.8) will bring about anything stronger than talk.
"If you think the ministry is talking its eyes off the market, feeling there is little it can do...
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