They are buying USD for/with their JPY. I.e. they are selling Yen and buying US dollars. When done in the large quantities they are selling, this pushes the price of the Yen lower. Attend one of our free webinars on currency trading to learn more.
TradeWithPrecision 1 year ago
Thanks for your video.. I am not a trader but am interested in Japanese currency from a tourist standpoint.
How does in this instance the Bank of Japan buying US dollars weak the Yen. I don't understand..
Mcwiz 1 year ago
They are buying USD for/with their JPY. I.e. they are selling Yen and buying US dollars. When done in the large quantities they are selling, this pushes the price of the Yen lower. Attend one of our free webinars on currency trading to learn more.
TradeWithPrecision 1 year ago
Thanks for your video.. I am not a trader but am interested in Japanese currency from a tourist standpoint.
How does in this instance the Bank of Japan buying US dollars weak the Yen. I don't understand..
Mcwiz 1 year ago