After reaching the upper medium term band for 15 % width of band as permitted by the monetary policy, the Swedish central bank and the BOJ undertook market sterilization to slower the strengthening of SEK in the market. Accordingly, short on the sterilization (short term band) is feasible with the following details:
Short at 13.60 or the current rate 13.40
Stop...
After reaching 15 % + 1 % width of medium term bands as permitted by the applicable regulation, the BOJ and the Nordic's central banks (Sweden, Danish and Norwegian) undertook central banking market sterilization to slower the strengthening of SEK, DKK and NOK by the JPY.
The sterilization will bring those pairs to central band/central parity in short term (short...
