Peter Brandt: Plaza Accord in Sep 1985 marked turning point for Japanese yen

Peter Brandt: Plaza Accord in Sep 1985 marked turning point for Japanese yen
Plaza Accord signaled yen turning point

Peter Brandt, founder and CEO at Factor LLC, recalls that the last significant intervention by central banks to support foreign currencies against the U.S. dollar was the Plaza Accord in September 1985.

Brandt notes his personal experience trading the Japanese yen at that time and points to this period as the major bottom for the currency.

Brandt has previously emphasized the uncertainty involved in trading and said it is important to accept the possibility of being wrong in the markets, according to a past interview. He has also endorsed the ChartWizards service for weekly global macro updates at what he called an accessible price point of $149 per year, as reported earlier. Brandt frequently shares his market experience and recommendations with traders.

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