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#1
18th-February-2007, 01:27
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Yen Question
Hi! I'm new to forex and this forum, and I'm interested in the economic effects of trading currencies.
My question is what Japan's central bank could do to make the Yen appreciate to the dollar? Aside from changing their interest rates, the BOJ could buy back Yen and sell off their official reserves to make the Yen appreciate relative to the dollar and other currencies, correct? I think this happened a while back but the carry effect seems to still be going strong as investors are taking advantage of the low interest rates in Japan. Thx for your help! 
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