-
The Bank Of Japan Is Coming!!! (Or, Most Likely, Not)
Headline flashing now openly warning that the BOJ is preparing to intervene: JAPAN PREPARES FOR CURRENCY INTERVENTION, NIKKEI SAYS COORDINATED INTERVENTION MAY FOLLOW JAPAN ACTION: NIKKEI We call complete bullshit on this. Never do central banks preanounce when they intervene. Never. This is merely more posturing by the toothless BOJ which now has resorted to spreading rumors in order to get the USDJPY higher. Sure enough: NIKKEI REPORT ON INTERVENTION CITES NO SOURCES Sorry. The knee jerk reaction will hold at most minutes.
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 1, 2011 1:21pm Aug 1, 2011 1:21pm
- bidong
- | Joined Mar 2011 | Status: Member | 54 Comments
- Comment #2
- Quote
- Aug 1, 2011 1:23pm Aug 1, 2011 1:23pm
- ryknowtrade
- | Joined Sep 2010 | Status: Member | 147 Comments
- Comment #3
- Quote
- Aug 1, 2011 2:46pm Aug 1, 2011 2:46pm
- Guest
- | IP XX.XX.145.225
- Comment #4
- Quote
- Aug 1, 2011 3:16pm Aug 1, 2011 3:16pm
- Breza
- Joined Apr 2011 | Status: Member | 173 Comments
- Comment #5
- Quote
- Aug 1, 2011 8:19pm Aug 1, 2011 8:19pm
- Subdude
- | Joined Aug 2007 | Status: If it walks like a duck... | 561 Comments
- Comment #6
- Quote
- Aug 1, 2011 8:35pm Aug 1, 2011 8:35pm
- Guest
- | IP XX.XX.232.246
- Comment #7
- Quote
- Aug 1, 2011 8:43pm Aug 1, 2011 8:43pm
- AaronWard
- Joined Jun 2011 | Status: Chilling in Florida | 1387 Comments