Another thing you have to consider is that the EU is just starting its massive corrosion with Greece and Ireland and probably spain tanking. The EURUSD dropped drastically. EU president who didn't agree with Euro bonds retired. With EU only getting worse, with the swiss not allowing investors in, and with threat of Noda intervening again, it might very well be the USD that takes up safe haven strength. I mean sweden......that's not where people are going to bank. So even without boj intervention, the USD right now is getting stronger as we've already seen the gain in recent weeks without intervention.
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