Tag: Japanese governmentSort
Yen Tumbles to 80.25, as Japan Goes for 3rd Intervention in a Year
The Yen tumbles to the 80.25 against the U.S dollar, as the Japanese Government calls for a 3rd intervention in approx. a year. The Japanese Yen is a safe-haven currency and many traders have been shifting their assets from the Euro and U.S dollar due their negative economic outlook.
The picture below is worth a thousand words. And $50 trillion.
Financial Assets held by households - Chart
This was just released by the Bank of Japan as part of their new "flow of funds" reporting. Basically, it outlines the composition of Japanese household assets versus counterpart households in America.