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EURJPY Liquidations Take Pair Below 110, 100 pip Move In Seconds; BOJ Expected To Intervene Imminently

Tyler Durden's picture





 

Nobody cares about the euro any longer, but the following chart shows why EUR traders just ran out of money to even prepay their bodybags. The EURJPY just plunged 100 pips in one block!!! This is complete capitulation and the BOJ has no choice but to intervene. Too bad about that GDP miss and record low deflator announced yeterday.

 

 


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Thu, 05/20/2010 - 10:39 | Link to Comment chumbawamba
chumbawamba's picture

Sorry to hi-jack the comment thread for this, but Julian Assange (WikiLeaks) has had his passport revoked in Australia:

http://www.salon.com/news/opinion/glenn_greenwald/2010/05/19/wikileaks/i...

Also, GOLD BITCHES!!

http://www.youtube.com/watch?v=dwWso5m2f5c&playnext_from=TL&videos=JgC6Z...
tc

I am Chumbawamba.

Thu, 05/20/2010 - 10:41 | Link to Comment snowball777
snowball777's picture

22 karat mole: priceless.

 

Thu, 05/20/2010 - 10:44 | Link to Comment tmosley
tmosley's picture

The way I heard it, he got it back 20 minutes later.

Thu, 05/20/2010 - 10:52 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

So much for the barbarous relic. Isn't it funny how we humans return to our roots when the wizards' smoke and mirrors don't enthrall anymore.

Thu, 05/20/2010 - 11:02 | Link to Comment Hulk
Hulk's picture

The Chinese have seen this movie already. Thus the sense of urgency..

Thu, 05/20/2010 - 11:53 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Agreed. The Chinese are relatively new converts to the "consumer culture" and thus haven't been completely brainwashed into thinking that the masters of the universe are all powerful and that anything older than 50 years is useless.

The oldest culture on earth has something the rest of the world might benefit from learning.

Thu, 05/20/2010 - 12:10 | Link to Comment ratava
ratava's picture

i, for one, hope the world proceeds to learn hanging corrupt officials and bankers.

Thu, 05/20/2010 - 13:05 | Link to Comment Hephasteus
Hephasteus's picture

Why hang them. What they really need is to be told over and over to sit down and shut the hell up.

Irrelevancy BITCHES!!

Thu, 05/20/2010 - 10:39 | Link to Comment mikla
mikla's picture

Yeah, hate to think we'd have markets without intervention.

Thu, 05/20/2010 - 10:42 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Looks like someone tripped over the trap door release mechanism and the entire stinking lot of them fell through. Oh well, there's a reserve crew in the next room. Send in the clowns.

Thu, 05/20/2010 - 10:42 | Link to Comment RobD
RobD's picture

Ya and gold is on a freaking rollercoaster.

Thu, 05/20/2010 - 10:42 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Should I start popping the popcorn now and call in sick to work, or wait until the evening news?

Thu, 05/20/2010 - 10:42 | Link to Comment Caviar Emptor
Caviar Emptor's picture

The game of musical chairs has begun. Smiles are soon to be off the faces of the international brotherhood of central bankers. 

Market turmoil just gives Germans more fodder to start regulating hedge funds, imposing bank and trading taxes and restricting certain derivatives on German assets. F_you, Anglosphere casino capitalism.

Thu, 05/20/2010 - 10:46 | Link to Comment doomandbloom
doomandbloom's picture

fat middle finger?

Thu, 05/20/2010 - 10:52 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Phat mittle finger yaaaaa!

Thu, 05/20/2010 - 10:52 | Link to Comment depression
depression's picture

Get your 0.01 cent bids in now !

Harry ? Anyone seen Harry ?

Thu, 05/20/2010 - 10:57 | Link to Comment AllYourBaseAreB...
AllYourBaseAreBelongToUs's picture

It's whipsaw Thursday.  Again.

Thu, 05/20/2010 - 11:06 | Link to Comment omi
omi's picture

Guys! I know, it was a fat finger!

Thu, 05/20/2010 - 11:22 | Link to Comment mtremus
mtremus's picture

June S&P

Resistence 1086

Support 1066

Thu, 05/20/2010 - 11:36 | Link to Comment ratava
ratava's picture

sorry pal, your stoploss just slipped 98 pips.

Thu, 05/20/2010 - 11:47 | Link to Comment curbyourrisk
curbyourrisk's picture

The Chinese have learned from Martin Armstorng how things will play out.  They are going to sit back and let us eat each other.....

Thu, 05/20/2010 - 11:59 | Link to Comment Grand Supercycle
Thu, 05/20/2010 - 12:00 | Link to Comment carbonmutant
carbonmutant's picture

It's unfortunate that the young Chinese communists are so intent in maginalizing their own roots in order to prove they can out consume the West.

Thu, 05/20/2010 - 15:12 | Link to Comment Grand Supercycle
Grand Supercycle's picture

 

For several days I have been warning of EURUSD buying support as detected by my indicators, and this has been confirmed by the recent break out.

The proprietary indicators I use can identify trend changes before they occur.

http://stockmarket618.wordpress.com

http://www.zerohedge.com/forum/latest-market-outlook-1

Do NOT follow this link or you will be banned from the site!