Japan intervened in FX markets Thursday as the currency sinks to its lowest level in 24 years against the dollar, according to top currency official Masato Kanda. 

Inflation across the developed world is surging, with the rising cost of living expenses at the highest level since the 1980s.

Global Inflation Concerns

Japanese Yen at 24 year low against US$

Bank of Japan MOS condescending. They have intervened in FX markets and we have taken bold actions affect moves. Have been sudden one stop. Again we don't know exactly what the intervention has taken Wauconda saying that they have intervened in markets. We are seeing a remarkable turnaround in the dollar-yen. It was down more than 1%, the end versus the dollar at one point today. Now, dollar yen is down about a third of 1% again, condo from the mof in Japan saying that they have intervened in the FX Market saying that, they will monitor with high sense of urgency again, saying that they have taken bold actions and markets. Let's get back to George, Sarah Bayless, head of FX strategy at Deutsche Bank. What are your first take on these lines? Coming from conda? So I think it's good at giving a signal that, that becoming a bit uncomfortable with how quickly things are moving, and that you mentioned overnight, who were huge boobs in Dalian, but at the end of the day, the best reason is, it's not coordinated. You're not seeing a participation from the side of the US that has started Beats. Commercial point is not, then this is leading two contradictory policy within Japan. You have the Central Bank on the one side, easing policy injecting liquidity into the system and the Ministry of Finance and the other side trying to remove liquidity and strengthen the yin-yang Reserve Supply selling us treasuries and high heels which pushed volume higher. The point is this a lot of internal contradiction here. Max, which I suspect overtime will be more limited. Once the positioning the initial position in town,

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Global Inflation Concerns