FX Intervention Fright Night?

Tyler Durden's picture

Whoooosh... or just another DXY flash crash? If this was indeed a BoJ intervention, it is the worst money spent by a central bank in the history of Keynesianism, with a half life of less than 30 minutes. Elsewhere, gold is predictably nearing its all time highs.

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pachanguero's picture

I just saw that!  Wow that busted through 77 like a hot knife through butter.

76.14 Is where the dam brakes and that IS coming soon!


Minion's picture

It's almost like the flash crashes are designed to blow out sell stops of leveraged price chasers.  Terrorize the small traders, shake the weak hands out of the market, then CORNER IT!!

pachanguero's picture

BOJ intervention bitches!!!

Minion's picture

Birkenstock Ben will not accept this childish show of rebellion.  Suing Toyota for defects is only the beginning........

NOTW777's picture

silver @ new hi s;

bob_dabolina's picture

Elsewhere, gold is predictably nearing its all time highs.


Gold is going down... unless my monitor is upside down.


The Iran news was a gift and a harbinger to sell HARD

Missing_Link's picture


Gold is down 2 points right now  ...  after going up around 16 on Friday.

2 points of movement doesn't even qualify as "going down."  That's just normal low-level Brownian motion.

doolittlegeorge's picture

up almost 50 bucks from the low last week, too.  i did predict "gold up 50" on SA.  but that was on monday.  i'm giving myself a "ruling in the sand trap allowing for a free drop" to say "yes, i was right because the referee said i was."

bob_dabolina's picture


You predicted something. You are like...Nostradamus or something right?

Like... you are part of the uhm, Illuminati or something?

You really have got the pulse on gold.

How bout 18 months from right now?

geminiRX's picture

Silver is on a rocket ride....

RockyRacoon's picture

You remind me of the guy at the race track waving around that winning ticket.

Ankle deep in losers.

Cojones's picture

BoJ is scared sushiless of the USDJPY dropping below 79.60. Below that it's unknown territory and it will kill Japanese exports. Lemme rephrase: Take Japanese exports off life support.

EscapeKey's picture

And for that reason alone, there might be further currency intervention coming along the line. And for this reason, there will be people trying to make this exact thing happen.

There's a reason market interventions rarely work out.

pachanguero's picture

Gold is always behind DXY.  

manhattanjoe's picture

DJ says the MoF denies intervention. I suppose they would have claimed responsibility if it had actually worked.

Cleanclog's picture

Big jump Dollar Swissie too.  More like a big burp, and now the distrubed air is gone.

bugs_'s picture

I'm going to party like its 1894.

EscapeKey's picture

Soon, we'll party like it's 1929.

Yits and the Yimrum's picture

its pretty obvious Fed's Owners have turned the Fed into an Enron entity; and they when they exited the building and they left the the floor polishers and night watchman (gietner, bernanke etal)  holding down the fort


it was like when Argentina went down; you knew that GS and JPM were loading the brinks trucks with bullion and bearer bonds and documents nights before the crash; getting out of Dodge south American style

ratava's picture

nah just another stophunt. retail chumps you are not welcome in this market, leave the smart people with even smarter robots to cannibalize each other.

Cojones's picture

LOL, true. I got stopped out on my EURUSD trade just yet. 1.3940 just didn't cut it.


bob_dabolina's picture

Or the Franz Ferdinand moment for the upcoming war of currencies.

...the shot that started it all.

iota's picture

I'll go with that. Sure as fuck hit mine.

doolittlegeorge's picture

Sun Tzu says "good generals destroy with canon but great one's destroy with a feather."

Downtoolong's picture

The more I see this kind of stuff, the sooner I'm pulling all my money out of the financial markets and investing it in a lobster farm, even if it's in Kansas.



stormsailor's picture

we had another flash on 10/15 after 1600 hrs.   very rare to see these types of anomolies in the f/x markets.

NOTW777's picture

just heard someone on tv bragging recently that fx markets were safe and flash crashes did not happen

saulysw's picture

Didn't someone in BoJ say recently that FX intervention works best when it's a surprise? Yet another theory going down in flames. Of course, they will probably argue that it didn't work because it wasn't big enough.

hognutz's picture

haHa!  Where's Krugman? 

flacon's picture

Just buy gold and silver and be done with it. 

RockyRacoon's picture

Just buy gold and silver and be done with it.

Check, and double check.  Diversifying tomorrow in some more lead.

DoChenRollingBearing's picture


Anyone who has a reason to think about the future could do worse than not taking Rocky's advice 100%...

Au, Ag, Pt as well as Pb (and lead delivery systems) is always fashionable advice from us who hide behind rocks...

Orly's picture

Please can we put things into perspective?  Someone sold a whole lot of yen at the open of the Tokyo stock exchange.  Maybe they were front-running the Japanese and Chinese data and they sold a position that required liquidation of a load of yen.  Not a boatload of yen, as would be expected had the Bank of Japan actually intervened.

The spike in the chart above was on another M1 chart- but it is indeed real because the retracement is several candles in duration.  Eighty pips is not a giant move and, in fact, the spike didn't close most of the gaps on the open, though the rumble was felt in all major pairs.

The question is, what was that rumble about?

Shameful's picture

On that thought, how wild do you expect this week to be?  The election should prove ot be interesting and then the main event from the FOMC.

Orly's picture

If I were to lose my mind and trade this news, I would bet that the extreme levels in the Euro and the Ozzie Dollar are in for some kind of correction.

The AUDUSD pair still has a gap to fill at 0.9265.  I'll meet you there and we can have tea.


RockyRacoon's picture

You guys keep the racket down.  I just lost count on my silver eagles.

Gotta start over again....  one, two, three...

Orly's picture

Wass'yer werd, Rock?

Say, is that a new ZeroHedge symbol I'm seeing in the explorer bar?  On the homepage only...

RockyRacoon's picture

All that FX talk is distracting.   I only deal in REAL money.

NOTW777's picture

passing out candy to kids and thinking the scariest thing for these kids is the government and corrupt leadership;

this crap has to stop

Saxxon's picture

Exactly what I'm doing but I think there are things even worse coming up.

Cleanclog's picture

The trick or treaters are so sweet and adorable at our house tonight.  All polite, thank yous, introducing themselves and explaining their costumes.  

They deserve so much better than the future looming.  When will we start to really push back on the TPTB? It is our responsibility!!!


RockyRacoon's picture

Well, ya know, those old horror stories about people giving kids poisoned candy and other fatal items embedded in fruit have stopped.  Those were not the good old days.

TheGreatPonzi's picture

Since the complaint against JPM and HSBC, have you noticed that silver never goes down?

eigenvalue's picture

What about Oct 19 and Oct 21? Massive raids. Nearly scared me to incontinence. :(

ratava's picture

pre-g20 shank, happens every time.