DislikedScoobs,
Based on your view, how much volatility you expect in FX market in the near future now that there are talks of QE2 and Hyperinflation?
FezIgnored
Recently, we had the BOJ draw a line in the sand regarding USDJPY and they took their actions to protect its level. Bob is right that there economy is in a very bad way and they intervened with money they dont have. To move those YEN pairs like they did across the board took massive selling of YEN and bonds on their part.
Several banks spent $$$B trying to stop them and lost, in the short term.
Actually if you look at the BOJ financial statement then the figures dont add up.
I guess some would call it creative accountancy.
Scoobs.