Interesting to know

Stabilize this

Early morning, March 18, 2011, after a hastily assembled telephone conference the G7’s Finance Ministers decided on a coordinated move to stabilize the course of USD/JPY. A joint intervention was implemented by the BoJ, the U.S. Fed, BoC, BoE, and the ECB. The USD/JPY fall that forced the largest regulators to intervene in the market was triggered by the repatriation of capital and Nikkei-225 collapse.

However, this collective action was not the only one for USD/JPY: in April 1995 after a sharp decline of the U.S. dollar the central banks of Germany, France, Great Britain, Italy, the Netherlands, and Belgium were trying to rescue the currency pair as well.


Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!