IMF weighs in on the yen slump - driven by fundamentals (... Ya think???)

[forex4you]

IMF weighs in on the yen slump - driven by fundamentals (... Ya think???)

A senior IMF official (not a kid on work experience) with the remarks:      yen's recent declines are driven by fundamentals, there is no reason to change Japan's economic policy     no need to change BOJ's accommodative monetary policy   The official was asked if intervention to buy the yen would be justified, says no:      we do not see disorderly market conditions in the FX market   --- Sheesh, anyone with a brain cell has been pointing to the monetary policy divergence between the BOJ (super-easy) and Federal Reserve (tightening up) as a key driver. The IMF have caught on now. Interestingly, this from Morgan Stanley earlier in the week points to terms of trade also:

Source: IMF weighs in on the yen slump - driven by fundamentals (... Ya think???)

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