Yen Intervention Losing Momentum as Japan’s Azumi No Hildebrand - Businessweek: "“The yen remains one of our favorite currencies as Japan still has a strong trade surplus and benefits from the global risk aversion that we’re seeing,” Vimal Gor, the Sydney-based head of income and fixed interest at BT Investment Management Ltd., where he oversees the equivalent of $13 billion, said on Nov. 3. “Unilateral interventions in the Japanese currency have no real lasting impact. If anything we’d view this as a buying opportunity.”"
'via Blog this'
