Looks like BOJ just stepped in

[emg]

doomsday is here! start buying walmart and mcdonald stocks.

 

[da-net]

FT: Moves to weaken yen not over, says Kan

Japan stands ready to intervene again in foreign exchange markets, but also plans to put in place broader economic and monetary policies that will help to weaken the yen, according to Naoto Kan, the prime minister.

 

[m22au]

List of recent BOJ interventions:

Wed 15 September 2010: At about USD/JPY 82.90

http://www.zerohedge.com/article/300-billion-intervention-down-35-trillion-and-128-days-go

BOJ announces that the line in the sand is drawn at USD/JPY 82.00

Fri 24 September 2010: At about USD/JPY 84.60

http://www.zerohedge.com/article/boj-intervenes-second-time-week-fails

 

[m22au]

A follow up from Zero Hedge, pointing out that the intervention helped the USD/JPY stay above 84.50 for all of 6 hours.

http://www.zerohedge.com/article/failed-japanese-fx-intervention-sends-gold-1300