Something is happening....Yen up 300 POINTS in 15 minutes...

Yen Strengthens to Record Against Dollar on Radiation Concern

http://www.businessweek.com/news/20...cord-against-dollar-on-radiation-concern.html

Yen hits record high versus U.S. dollar
Strategist forecasts greenback low of ¥77; dollar, yen gain on euro

http://www.marketwatch.com/story/ye...-appetite-fizzles-2011-03-16?siteid=rss&rss=1

The Yen skyrockets in Sydney open, BoJ intervention may be around the corner

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=f6fae2cc-c92f-490f-ba03-bfb092727b66
 
UPDATE 3-TSE to keep Japan's trading floors open - report
Wed Mar 16, 2011 8:38pm GMT
http://uk.reuters.com/article/2011/...ws+/+UK+/+Financial+Services+and+Real+Estate)

* Some non-Japanese financial firms call for TSE closure

* Firms seeking closure say markets too volatile- Nikkei

* Few incentives to halt trading - exchange sources (Adds details, dateline, exchange source comments, banks)

NEW YORK, March 16 (Reuters) - Some foreign financial institutions are calling for Japan's stock market to halt trading, while the Tokyo Stock Exchange and Japanese financial regulators are planning to keep markets open, news agency Nikkei reported.

The news agency said officials from more than 10 non-Japanese financial firms held a conference call Tuesday afternoon. Some firms called for the market to be closed immediately, Nikkei reported, citing people familiar with the discussion.

Some participants argued that the market was too volatile to continue trading, according to the report.
 
futures just opened up big but not at the level of spot and then they shot up higher in tune with spot, looks like if you were quick enough you could have gotten free money???
 
Quote from Kassz007:

I wonder if BOJ will step in. Or when.
More...

Didn't they already give $184bn or so for the tsunami.
 
Bidless? I don't think so. You people are making a big fuss. The trend in USD.JPY has been down forever. Any forex trader who knows anything is not long this thing anyway. Why the fuck would you try to catch a bottom on this thing is my question, especially now?

Can't imagine anyone has been looking at this thing, thinking the past week(s)/year(s) "ha I'm gonna go long this thing and get MOTHERFUCKING LOADED!!!"

There have been more impressive down days than this. One only needs to go back to April and May 2010. Anyway, good for the Japs they can buy their shit on the cheap for the recovery (and contrary to what you may think there is no evidence that an appreciating currency is bad for gdp growth)
 
Hugh Hendry said if it hits 70 the BOJ will go 'nuclear'.


Although I dont know if such a choice of words would still be apropriate today given circumstances.
 
Nikkei Futures in Chicago Trade 7.4% Lower Than Singapore Close
Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Nick Baker

March 16 (Bloomberg) -- Nikkei 225 Stock Average futures traded for 8,290 in Chicago, or 7.4 percent less than the closing level of 8,950 in Singapore.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net
 
You must log in or register to reply here.
Back
Top