Japan's New USDJPY Plan Fails To Impress

It's no secret, Japan's government and central bank have been working to keep the Japanese yen weaker against the US dollar for some time. And, efforts have only increased lately as the USDJPY exchange rate has plummeted to record levels, near 76.00. Usually, this sort of speculation and momentum calls for more aggressive monetary tactics – rather than political jawboning and increased intervention efforts. But, Japan has decided to go a different route to quell yen speculation – and it's likely to fall flat on its face. Read the full article here - http://forexalliance.com/2011/10/japans-usdjpy-plan-fails-impress/