"Yentervention” (Yen + Intervention) is when a bank (such as the Bank of Japan) intervenes in the financial markets to support the Yen (Japan’s official currency). The intervention could make the Yen weaker or stronger—whatever outcome is desired.
The term “Yentervention” has been cited in print sinceat least September 2008, but began to become popularly used in September 2010.
Wikipedia: Japanese yen
The Japanese yen (円 or 圓, en?) (sign: ¥; code: JPY) is the official currency of Japan. It is the third most-traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As is common when counting in East Asia, large quantities of yen are often counted in multiples of 10,000 (man, 万) in the same way as values in Western countries are often quoted in thousands.
09-06-2008, 02:24 PM
Yeah, I refer to those as “yenterventions”. Those will typically happen during quieter times in the market. Early Asian sessions. It will happen fairly quickly also.
COMMODITIES-Gold hits record as dollar dives; oil down
Published September 14, 2010 | Reuters
The dollar fell across the board on a range of factors that included a Japanese political vote that dimmed the risk of yenintervention and the break of a key technical level. Upbeat U.S. retail sales data lent some support to risk assets.
EconGrapher’s CAPS Blog
Japan Update - The Yentervention
September 15, 2010
The Bank of Japan today intervened in the forex market, selling Yen (JPY) as the exchange rate entered the psychologically important 82 yen zone. After the intervention the USD strengthened against the JPY, with the USD/JPY rate rising to about 85.50.
So what’s the conclusion? Well for one the “yentervention” probably wont work long term, and probably wont have the intended impact of boosting exports. And on the signaling side, well, Japan may well be going the way of the US and we may start seeing double on the double-dip front!
The Market Oracle
Stock Market Boosted by Thirty-Five Trillion Yen Tuesday
Oct 05, 2010 - 02:05 PM
Go go BOJ!!!
Acting under pressure from the Government to DO SOMETHING, the Bank of Japan announce a 35,000,000,000,000 Yen ($418Bn) monetary easing program this morning, finally taking that last step and cutting rates to ZERO. That’s right, the BOJ will literally give you money for nothing (no word yet on whether the chicks will also be free). Ironically enough, though, the logic of giving out free money now is the same as it was in the early 80’s - the BOJ is well aware that:
Europe is the happy beneficiary of this recent Yentervention as the Euro jumped to $1.38 to the dollar for the first time since January, when oil was $83.95.
Yentervention – G7 Style! (Ponzi Finance)
Free Money Friday – Yentervention – G7 Style!
Courtesy of Phil of Phil’s Stock World
What a manipulated joke the markets are!
BOJ Yentervention Cost: ¥692.5 Billion
Submitted by Tyler Durden on 03/31/2011 09:44 -0400
For those wondering how much the latest intervention in the Yen cost to the BOJ, we now have our answer. According to the Japanese Ministry of Finance, Japanese authorities intervened in the foreign exchange markets to the tune of Y692.5 billion in March.
Yentervention Part 2011: Dollar Yen Surges After Ministry Of Finance Sells Just Under Y500 Billion
Submitted by Tyler Durden on 08/03/2011 21:04 -0400
First the SNB earlier today, now the BOJ? Out of nowhere the USDJPY just surged by 100 pips. It appears that the next round of central bank warfare is upon us.
And from Bloomberg:
. Japan Intervened in Yen, Nikkei Says
. Japan Intervened to Sell Yen, Finance Minister Noda Says
. Yen Falls as Much as 1.8% to 78.43 Per Dollar After Intervention
. Japan’s Intervention Was Unilateral, Finance Minister Noda Says
. MOF sold under Y500 billion in intervention: 2 dealers
. Noda Says He Hopes Bank of Japan Will Take Appropriate Actions
New York City • Banking/Finance/Insurance • (0) Comments • Wednesday, August 03, 2011 • Permalink