Yen intervention unlikely, but markets expect more ECB bond buying
b'Derek Halpenny, European head of global currency research at Bank of Tokyo-Mitsubishi, talks to Alice Ross, FT currencies correspondent about why intervention from the Bank of Japan into the yen is unlikely despite the currency\\u2019s strength and why whilst the ECB\\u2019s bond buying programme is likely to restart, QE3 from the Fed is unlikely in August.
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