JPY at end of trend?

Quote from ASusilovic:

Be careful, BOJ received a lot of critical voices after their first intervention. Honestly, I was very surprised to hear from the US and from Europe immediate political responses.

BOJ might be less committed until their next central bank meeting to do anything.
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Noted TY!

I will be using proper risk management, as always.

I have read about potential political unease with intervention, yet I believe Japanese will still go ahead, they may simply point at western stock markets' performance & compare to Nikkei, to effectively compete with Chinese we have to bring a gun to a gun fight, not a bow with an arrow ;)

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Quote from JSSPMK:

Noted TY!

I will be using proper risk management, as always.

I have read about potential political unease with intervention, yet I believe Japanese will still go ahead as will simply say look at your stock market performance & now look at ours, to effectively compete with Chinese we have to bring a gun to a gun fight, not a bow with an arrow ;)
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Well, I hope so, too. I am very thankful for BOJ intervention.

Domo arigato, BOJ ! :)
 
Japan Renews Vow of 'Decisive Steps' on Yen

"TOKYO—Japan renewed its vow to tame the strong yen, as the currency neared the level reached before Tokyo's Sept. 15 intervention"

"Dismissing the latest intervention as a failure, Eisuke Sakakibara, who intervened aggressively as vice finance minister for international affairs in the late 1990s, said that selling yen may cut its value briefly but can't change a long-term trend.

"It would just provide speculators a chance to buy the currency at a cheap rate," he said. "Intervening in the currency market is like giving morphine to a patient: You could end up making the patient worse."

To succeed with a yen-selling campaign requires three things that don't exist now, he said: coordination with the U.S., aggressive monetary easing by the Bank of Japan, and more spending by the government."

http://online.wsj.com/article/SB10001424052748704483004575523611662524960.html?mod=googlenews_wsj
 
Quote from JSSPMK:

Japan Renews Vow of 'Decisive Steps' on Yen

To succeed with a yen-selling campaign requires three things that don't exist now, he said: coordination with the U.S., aggressive monetary easing by the Bank of Japan, and more spending by the government."

http://online.wsj.com/article/ T...some contrary theory will work somehow :cool:
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Quote from blnbr:

Quote from JSSPMK:

Japan Renews Vow of 'Decisive Steps' on Yen

To succeed with a yen-selling campaign requires three things that don't exist now, he said: coordination with the U.S., aggressive monetary easing by the Bank of Japan, and more spending by the government."

http://online.wsj.com/article/ T...QUOTE] A higher low would be a good start.
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Kyle Bass on Japan, shoot over to 2:25 for Japan issues.

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MONTHLY YEN

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10 year JGB

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If Dollar-Yen Falls To 82, Watch For A Major Blowup In The FX War

http://www.businessinsider.com/if-d...atch-for-a-major-blowup-in-the-fx-war-2010-10
 
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