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

Quote from RCG Trader:

If I recall correctly the BoJ line in the sand was 82. It is now sitting at 78.64 with an enormous long tailed doji, I predict it will be a rickshaw doji before this is over. Japan cannot withstand any further strengthening, and they will step in.
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I was thinking the same thing. Surely BOJ will be looking to act.
 
Quote from morganist:

I am sure they printed loads of money off to pay for tsunami repairs. Will this not have an impact on prices? If not how far do they have to go? Will any action prevent the rise?

I don't think it will. So what exactly do you expect them to do?
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BOJ can stop JPY appreciation temporarily, they did it last fall on a smaller scale. But the market will do what it wants eventually. Timing your trades are extremely important right now IMO.
 
Quote from morganist:

I am sure they printed loads of money off to pay for tsunami repairs. Will this not have an impact on prices? If not how far do they have to go? Will any action prevent the rise?

I don't think it will. So what exactly do you expect them to do?
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They stepped in.
 
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