The BOJ let the yen sold in exchange for dollars in Japan’s latest and biggest-ever intervention — weighing in at 7.4 trillion yen to 8 trillion yen — flow into the banking system Wednesday rather than absorb it with an offsetting operation. It also conducted two funds-supplying open-market operations in what appears to be a deliberate effort to create easier monetary conditions.

via 2011/11/03 02:19 – Money Market Saturated With Intervention Spillover.

Great. So my yen just lost value. And how long before prices go up?