BOJ's Weak Link Exposed in Surprise Yen Intervention

The unexpected intervention by the Bank of Japan to strengthen the yen has sparked interest among market watchers. According to a recent article, if there was a coordinated attempt across the Pacific to boost the yen, then the Bank of Japan would have been the weakest link.

The surprise move saw the yen strengthen the most in more than two years versus the dollar. This unexpected development suggests that governments in the US and Japan are now on the same page in terms of their economic goals, a scenario that was considered unlikely not too long ago.