Free Forex Signals Online : Forex Intervention A Brief History - I have been trading the forex business for over 30 years and have seen central banks intervene in all sorts of waysn the wake of the recent global financial and monetary crises, governments are taking a more active role in managing their economieshe following is written from memory and is an anecdotal history of forex interventionsy first introduction to intervention was in 1977, soon after Japan allowed the JPY to trade internationally was running a bank dealing room in Singapore and would open a line to our Tokyo office to monitor that market (there were no screens in those days and forex trades were conducted by telex, telephone and voice brokerSD/JPY was trading around 310 at the time and the Bank of Japan (BOJ) would come into the market and intervene at a price for $200,000,000his amount was huge amount in those days and the BOJ would acquire until it bought its limitt would then pull its bid and renew it 2 huge figures lowerf it held off the market, there would ... [Read More - Free Forex Signals Online]
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