USD/JPY: Zeit für Intervention? - Oder die Suche nach dem Paukenschlag
Die 102 wurden heute am 2.12.04 erreicht - und der Kurs schoß danach hoch. Eine Intervention - oder Massenpsychologie?
Hier zwei Auszüge aus einem Artikel von Bloomberg, Dec. 2, für beide Thesen:
Massenpsychologie:
``This morning people thought we had a dollar decline for the day and they jumped all over it -- now it's starting to look a bit tired and it reverses sharply and hits you in the face,'' said Ian Gunner, head of currency strategy at Mellon Financial Corp. in London.
Intervention der Japaner:
The dollar also rebounded from its lowest in almost five years against the yen after
Japanese Finance Minister Sadakazu Tanigaki and Vice Finance Minister Koichi Hosokawa said Japan was concerned about the yen's climb past
102 .
``It's quite a rapid movement and we will keep a close watch on currencies,'' Tanigaki told reporters in Tokyo. Hosokawa said ``we are ready to act decisively,'' speaking to reporters at a separate event. Japan hasn't sold its currency to stem gains since March.
``They're trying to send a warning shot across the bows and it does make the market wary, particularly when we break
102 ,'' said Kamal Sharma, a currency strategist in London at Dresdner Kleinwort Wasserstein. ``For the first time we've had a
line in the sand .''
`Instill Fear'
Japan sold a record 32.9 trillion yen ($320 billion) in the fiscal year ended March 31 and hasn't sold the currency since, according to finance ministry figures.
``
They're trying to instill some fear ,'' said Monica Fan, head of currency strategy at RBC Capital Markets in London. ``Traders are trying to test the tolerance barrier, now that we're below 103 the next major level people are looking at is 100,'' she said. The yen hasn't traded above 100 per dollar since 1995, according to data compiled by Bloomberg.
The U.S. currency fell earlier on speculation the dollar's slide has yet to reach a level that would spur coordinated action by European and Japanese officials. The European Central Bank hasn't sold the euro since the currency's 1999 debut.
``
It's not supposed to be understood that we are preparing for joint intervention ,'' Tanigaki told Bloomberg on leaving the parliament building in Tokyo.
