OK, hows about some intervention in the yen? Unless they do, its back to jawboning.
This guy says jawboning won't help in the risk off environment. And I reckon he has a good point.
But still, unless the Japanese authorities want to intervene in the yen (sell it), there's not much more they can do but jawbone.
So how to do it (talk the currency down) effectively?
I've got some ideas on what they might try ... but lets hear from ForexLive.
Over to you - in the comments please ladies and gentlemen!
(ps. Meanwhile, USD/JPY slips back below the sandy line of 115 .... or blurred line I should say. Currently 114.96 as I update)
