Japan, more easing

14th February: Bank of Japan intervenes in the markets with 10 trillion yens. From there on, as we see on the chart, the yen went down (USDJPY went  up). We´ve been advising that the BoJ was about to make a move, and here it was. It´s been said that they are thinking of setting up a minimum value for the cross USDJPY, the same way the Central Swiss Bank has done (EURCHF more than 1.2). We will wait to see if such a minimum fix change succeeds.

On the other hand, where the pair has stopped (around 81) used to be a former floor, now resistant. If it consolidates at these prices, we could see a calmer future. Please, check out this really interesting article in Financial Times.