Presenting The BOJ's Failed Stealth Yen Intervention

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Tue, 11/02/2010 - 09:38 | 692903 Racer
Racer's picture

It is disgusting that someone who has the power over the world's currency is behaving in such a reckless and selfish manner with complete disregard for the rest of the world

Tue, 11/02/2010 - 09:55 | 692950 BeerGoggles
BeerGoggles's picture

Lol - isn;t that what the US does in all manners of life?

Tue, 11/02/2010 - 10:10 | 692993 homersimpson
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I'm sure the Euros or the Asians would do the exact same thing had they been in the same boat.

Tue, 11/02/2010 - 12:10 | 693412 DavidC
DavidC's picture

Erm, haven't the (mainland) Europeans been showing that they AREN'T doing the same thing, despite (by some reports) being suposedly in a worse situation?

DavidC

Tue, 11/02/2010 - 09:38 | 692905 Sudden Debt
Sudden Debt's picture

TRICK OR TREAT MOTHERFUCKERS!!

Tue, 11/02/2010 - 11:05 | 693175 doomandbloom
doomandbloom's picture

'like'

Tue, 11/02/2010 - 09:38 | 692906 the not so migh...
the not so mighty maximiza's picture

Better to try and fail then never try at all.

Tue, 11/02/2010 - 09:40 | 692910 Walter_Sobchak
Walter_Sobchak's picture

Lao Tzu would disagree.  Taoism Bitchez

Tue, 11/02/2010 - 09:47 | 692927 Sudden Debt
Sudden Debt's picture

Isn't that the Obama campaign slogan to?

I also like his other one: "BWhhhaaaa, It's Bush fault I failed!"

Tue, 11/02/2010 - 09:40 | 692911 unum mountaineer
unum mountaineer's picture

'move towards more market determined exchange rate systems that reflect underlying economic fundamentals and refrain from competitive devaluation of currencies. Advanced economies, including those with reserve currencies, will be vigilant against excess volatility and disorderly movements in exchange rates.'

to summarize: we want a good clean fiight, keep it clean, above the belt, no low blows. protect yourselves at all times. no hits to the back of the head. touch gloves, wait for the bell and come out fightin'....let's get it on!

Tue, 11/02/2010 - 09:44 | 692922 SheepDog-One
SheepDog-One's picture

Stir-fry, bitchez.

Tue, 11/02/2010 - 09:45 | 692924 TheGreatPonzi
TheGreatPonzi's picture

Why does an institution like the BoJ, wich has proved his incompetence and has not managed to bring the country out of deflation during 20 years, is still there?

Tue, 11/02/2010 - 10:20 | 693019 snowball777
Tue, 11/02/2010 - 10:38 | 693084 RobotTrader
RobotTrader's picture

Today's "Shank and Crank"

Tue, 11/02/2010 - 10:41 | 693090 Printfaster
Printfaster's picture

Bull.

This was a move by those trading to press down the dollar do a typical stop ripper.  Grab as many shares by stopping out stupid retailers and then running up the price.

Typically done on a round trip All-or-none trade where the price moves past all the little guys, then the stops click in. Kaboom.

 

Tue, 11/02/2010 - 10:41 | 693093 taraxias
taraxias's picture

Can someone please post what's stopping the BoJ from creating a quadrillion yen out of thin air and buying USD's with it?

How would that be any different than what the FED is doing?

TYIA

Tue, 11/02/2010 - 10:44 | 693102 trav7777
trav7777's picture

nothing stopping them and that's what it will eventually come to.

Brazil is buying dollars and a whole host of nations are sourcing dollar debt now

Tue, 11/02/2010 - 11:03 | 693168 buzzsaw99
buzzsaw99's picture

The BoJ will eventually buy $1T usd from the chinese then change currencies. heh heh

Tue, 11/02/2010 - 10:44 | 693101 RobotTrader
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ADM getting flash crashed

Tue, 11/02/2010 - 11:05 | 693176 buzzsaw99
buzzsaw99's picture

Riding the ABK squeeze this a.m.? (not advice)

Tue, 11/02/2010 - 11:19 | 693218 Urban Roman
Urban Roman's picture

Waddell and Reed again!?

Into FX and soft commodities now, those basterds!

Tue, 11/02/2010 - 21:24 | 694834 RobotTrader
RobotTrader's picture

fixed

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