Something is happening....Yen up 300 POINTS in 15 minutes...
- Thread starter achilles28
- Start date
Definitely. Thank you
That's all it takes. Find the right side of the market and hope it runs hard. That was a monster wave u caught. I didn't catch the big one but in now. Spreads are ridiculous
Okay, ZeroHedge says rumor of Nikkei to close due to market volatility.
MARCH 16, 2011, 5:08 P.M. ET.WORLD FOREX: Dollar Hits Lowest Ever Vs Yen On Japan Nuclear Fears
.
NEW YORK (Dow Jones)--The dollar hit its weakest ever level against the yen Wednesday, as Japan's unfolding nuclear crisis prompted speculators to bet that heavy repatriation flows will likely be needed to respond to a deepening disaster.
Overall, safe-haven currencies--paradoxically including the yen--soared in extremely volatile trading as traders took in new warnings about possible catastrophic events at Japan's crippled nuclear power plant.
The dollar fell as low as Y79.22 according to EBS via CQG, falling below its previous low of Y79.75, hit in April 1995. The dramatic move prompted traders to warn that the likelihood of currency intervention by Japan to curb yen strength had increased sharply.
Traders responded en masse to dire warnings from U.S. Energy Secretary Steven Chu who said he believed a "partial meltdown" occurred at the Japanese nuclear power plant damaged by explosions, malfunctions and radiation leaks following the earthquake.
http://online.wsj.com/article/BT-CO-20110316-714956.html
.
NEW YORK (Dow Jones)--The dollar hit its weakest ever level against the yen Wednesday, as Japan's unfolding nuclear crisis prompted speculators to bet that heavy repatriation flows will likely be needed to respond to a deepening disaster.
Overall, safe-haven currencies--paradoxically including the yen--soared in extremely volatile trading as traders took in new warnings about possible catastrophic events at Japan's crippled nuclear power plant.
The dollar fell as low as Y79.22 according to EBS via CQG, falling below its previous low of Y79.75, hit in April 1995. The dramatic move prompted traders to warn that the likelihood of currency intervention by Japan to curb yen strength had increased sharply.
Traders responded en masse to dire warnings from U.S. Energy Secretary Steven Chu who said he believed a "partial meltdown" occurred at the Japanese nuclear power plant damaged by explosions, malfunctions and radiation leaks following the earthquake.
http://online.wsj.com/article/BT-CO-20110316-714956.html