But the reaction is a bump up in the Euro???

It is Goldman Sachs fault for not having controls in place to limit rouge traders or alerts to managers that out of ordinary large positions were being taken

They won't stop printing money till their currency becomes as valuable as toilet paper. Have fun with hyperinflation people of Japan. Do you really think large corporations will all increase salaries at the same rate as inflation? because if they ...

The Nikkei is down 50 points in the past hour giving up 2 days of gains. Seems they are not as impressed or there is profit taking happeneing

He is basically saying they will continue to devalue their currency by printing unlimited yen and flooding the marker with it till things improve.

Well if companies don't increase wages in Japan the inflation they will now pay for anything imported will kill the economy. Although governments fear deflation more than inflation because it is harder to get out of as it is a death spiral. So the ...

The products are good but the currency is fast becoming as useful as toilet paper if they keep up the trend of flooding the market with yen. Japanese are not "cheap"

They wanted their currency to drop. It boosts exports. It seems everyone is in a race to the bottom. Just last week the RBA was saying they thought the currency was overvalued

Currency manipulation by a government. No doubt about it. Also have the Aussie who are dumping their currency on the market also trying to boost exports

They don't care. They want the yen to be dirt cheap to boost exports

Doesn't look like it is stopping them

They push it up buy buying it but placing even larger shorts in place to cash in. The banks have billions of dollars to do this with All currencies that have an export market are in a race to be the lowest value buy printing money like toilet paper

Yes, this is useless information. We don't know if these trades were $1/pip, $1000/pip or $100,000/pip

It has always been a currency war to boost their own country economy. Just the tactics change, playing with interest rates, printing money, bailing out banks etc....

If you can't figure that out you should not be trading forex 6 ways a default could hurt the world url

It is the worlds reserve currency

It will lead other countries to re-evaluate the USD as a reserve currency. They will likely diversify

" Mr Oei had made six margin calls on his trades - essentially topping up his account so his leveraged position could remain open" Adding to a losing position 6 times..... So many things he did wrong here Can someone send Mr Oei the link to Babypips?

Did you think the markets would keep rising to new levels forever?

Interesting to see that Singapore has surpassed Japan in volume. Anyone else trading the SGD pairs or do people still consider it an exotic currency?