The government is cutting back on verbal intervention, but the Bank of Japan's easing stance means the yen should remain lower.» (cnbc.com)
The yen's ascent to 15 - month highs has triggered verbal intervention from policymakers including Finance Minister Taro Aso, who said he would «respond appropriately» to currency fluctuations. (cnbc.com)
We believe the near - term risks are skewed towards a EUR decline given increasing ECB verbal intervention, rising political risks in both Germany (coalition talks) and Italy (elections), and tightening financial conditions, which may weigh on economic activity indicators over the coming months (hartfordfunds.com)