28 June 2002, 18:54 ECB confirms buying EUR-USD as the Fed said to be in on USD-JPY.
ECB confirms buying EUR-USD as the Fed said to be in on USD-JPY.
The BoJ/MoF confirms that the ECB and Fed intervening on its behalf.
EUR-JPY jumped up 50 ticks. Having shot a load of USD around 20 Bln so far
on FX, the BoJ trying a new "out of Jpn " hrs to shock mkts and add to the
uncertainty. Nothing like the old "Fri afernoon" trick.
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