as much as the yen is a safe haven, intervention may not be a one time deal for the BOJ or other central bankers. I think this latest intervention was meant to be a shocker and to get the message across. Over the nextg week or so, we may see not so shocking interventions, and less volatility in the yen. I am not expecting a dramatic drop like in 1995 over the next few weeks, but like I said a low volatile yen. In the coming months is when we will see real weakness and into the .90's we go.
dont forget to add me to twitter..... "omegaexchange"
dont forget to add me to twitter..... "omegaexchange"
Don't be fooled by randomness