This page has been archived and commenting is disabled.
USDJPY Hits 79.98, BOJ Intervention Expected
The USDJPY just took out the 80.00 level, hitting an intraday 79.98. BOJ intervention expected. As a reminder, the 4/21/1995 low was 79.75
»
- 5344 reads
- Printer-friendly version
- Send to friend
- advertisements -
So this is bad right
Bad for carry trade if youre on the wrong side of it; bad for Japanese exporters.
the question is:
Is there anyone left hanging around to actually execute and manage the the intervention?
Takes more than 2 people to hold a net to catch something that is falling.
GEITHNER: SAYS CHINA NEEDS TO STOP CURRENCY MANIPULATIONS (LOL)
HA! Timmy should put together a stand up routine, stand in front of a brick wall and do that schtick.
Looks like the hail mary play worked though...back at 80.
"Welcome to the Recovery--The Musical"
hey,, has any seen Obama's bracket picks yet?
Guessing he's going w/ the Blue DEVILS or perhaps the Sun DEVILS???
I heard his dark horse pick was the Red Storm...........
Orange Men?
St johns red storm
Why does it matter, there will be no JPY after these nukes explode :-(
dammit, for all the rest of you physics challenged out there too, these nuke plants will not produce a fission or fusion fucking explosion. The fuel rods, even the new ones, aren't pure enough.
They WILL make one bitch of a poisonous tea kettle though. The steam coming off is what will carry the zoomies up and away.
A poisonous tea kettle that will keep dumping itself into the atmosphere and pacific ocean for hundreds of years. Oh well, how many people depend on the pacific for food anyway?
Agreed... I wasn't referring to the one from Beauty and the Beast (that was levity there). It could make a fumarole that would last for decades. tens of decades, depending on water table replenishment.
Let's keep things in perspective folks. This incident, terrible as it is, is less severe than Chernobyl. And it is 25 years later, with better technology to deal with it. Chernobyl was capped and this molten radioactive material will also be capped, sooner and more efficiently than Chernobyl. Hundreds of years? Why do you exaggerate so much?
IMHO the wildcard is the storage pools. If they get hot enough to add to the festival, and if they contain MOX, the plutonium mix, and there are anywhere near the 600k of them like they're purported, it could be very freaking nasty.
the tens of decades I admit would be where the aquifier wasn't constant. I was thinking gas off steam, go dry a bit, rinse, repeat. Considering the location that's not likely, a constant water supply would lead to constant cooling and a "natural" control of temprature if you would. I'm no geologist. Or Edward Teller, but I have turned a few valves in my day.
Once the plume carries over the US expect food futures to explode. Go short on West coast milk producers.
And Bullish on Genetherapy and Artificial Skin manufacturers.
Wonder if they could become a plasma?!
"You strain out a gnat but swallow a camel."
Will that be one hump or two?
ORI
PS: ZH overall intelligence/smarts/knowledge/asshole/general quotient is off the charts. Never hung out, virtually or otherwise with such an iconic, smart, over the top and under the bottom group.... and I've been around a few years and quite a few collectives. Hat's off.
"Will that be one hump or two?"
These guys don't put it in an inch at a time if anyone was keeping score anymore.
Dude,
Its the meltdown, through the earth to the water table of the molten radioactive mass that everyone is worried about.
Superheated steam explosion filled with radioactive particles !
Wouldn't this resemble the doomsday device/scenario in Dr. Strangelove, at least if the water table was insufficient to contain the process?
Agreed... that's what I said in an earlier post too... Old Faithful puking zoomies. These John Woo fans keep talking about explosions... I'm just over reacting because I'm a mechanicals nerd.
I think the big mystery and greatest risk at this point is exactly how many rods, depleted and unused both, are in those pools. And what they're made of. If they're MOX, that's going to be a cast iron motherfucker. If there are 600k, as I read earlier here (but I honestly doubt), well, that's even worse.
Breathe deep the gathering gloom
Watch lights fade from every room
Bedsitter people look back and lament
Another day's useless energy is spent
Letters I've written
Never meaning to send
Beauty I've always missed
With these eyes before
Just what the truth is
I cant say anymore
Cold hearted orb that rules the night
Removes the colours from our sight
Red is grey and yellow white
But we decide which is right
And which is an illusion
Life is short filled with stuff
Don't know what for I can't get enough
I learned all I know by the age of nine
That I could better myself if I could only find
Some new kinda kick something I ain't had
Some new kinda buzz I wanna go hog mad
Knights In White Satin - Moody Blues
Still can hear those words in my head.
Ok, I'm dating myself. 70s rock - best around.
Dupe (damn 503 errors)
From what I understand the fuel used in reactors is completely different form bomb material if you explode a nuke the radiation will drop down to safe levels in about a month , as the fuel used in reactors is different the radiation emitted from it stays dangerous for quite some time ,but no there will be no atomic explosion, except maybe in the Hollywood remake.
I'm afraid yoru premise look a bit dodgy, abitdodgie.
There is no saying what the outcome will be here. Unlike bumbs, which have well controlled and laid out structures/strictures/containment/chamber designs and most importantly only one real source of fissile material and one explosive one, here, everything is game. There is the core, there is the constantly generated hydrogen and then of course there is the spent fuel rods.
Then of course, after the 6th largest earthquake ever recorded, there are aftershocks, tsunamis, power blackouts.....
On and on and on....
This one trumps hollywood, it's just that we get to watch it in slowMO!
ORI
http://aadivaahan.wordpress.com/2011/03/16/american-cross-nuclear-rumbles/
Rut-Roeh...
Because the last 2 interventions were so successful.... :/
Apparently 55.6 trillion wasn't enough.
http://finance.yahoo.com/news/Bank-of-Japan-emergency-apf-1462115908.htm...
Is it me or have Japanese market futures been locked in at -200 for the last 6 hours on Bloomberg
Down 395 now, were down about a 100 more 20 mins ago...currently -4.28%
Oh, but not sure what bloomberg says...
O/T
This should help bring oil prices down, right????
http://english.ahram.org.eg/~/NewsContent/2/8/7874/World/Region/Iran-says-Bahrain-made-strategic-error-on-troops.aspx
Forget the news and just enjoy today's manipulation in all markets everywhere.
Do I hear the roaring of Ben Bernankes armada of G6 money printers ready to carpet bomb the markets?
Carry trade unwinding. I get that. But how can BOJ do an intervention when they are going to have to sell US Treasuries to raise Yen. They want to buy and sell Yen at the same time? I'm I getting that right or is it just a timing thing?
I gladly sell you some Yen today to buy it back tomorrow.
These relentless stop predators will not give up until they've claimed that all time low . There's nothing left after that , no tangible targets . Intervention would probably be more successful once 79.75 has been taken out .
I'm new to currency exchange - can someone explain to a noob what the significance of going "below 80" means?
You are not a noob. Ask away. Below 80 referred to usd/jpy Bank of Japan intervention along with Kampo.
It costs less than 80 yen to buy a dollar. Some of us are old enough to remember when it cost 360.
Who's left to intervene if everyone's running for the hills?
"Future generations" is the asnwer you seek, grasshopper.
once.
I'm going to say this once JR called USD/JPY a year ago. I thought he was nuts. He missed it by several months, but he called it RIGHT. Mid 77's
you said it twice...haha :)
fukushima "not out of control".
Subprime is contained.
yen trying to bounch, with mega volitility.
The Atomic Punks are kicking over the Japanese Lemonade stand:
http://www.youtube.com/watch?v=1m-DYM7JvMA
Here is to frontrunning N95 facemasks and bottled water.
Biatchez !!!!!!!!!!!!!!!!!!!!!
I'm having a hard time deciding, does this mean wait to buy the Mitsubishi LaserVue? Or buy because supply interruptions?
It's not working.
I can rest. A light day in the markets.
I'm confused.
Doesn't USDJPY falling say the Yen is strengthening against the dollar?
If so, why? It's a major disaster over there in Japan, their infastructure and economy isn't going to recover for a long time.
Or is the dollar just weakening?
But dollar index has been rising since mid-day yesterday.
It's a race for the exits trying to liquefy falling paper assets in order to raise cash (and/or retain wealth). Add to that the fact that a lot of these assets are bound up in a Yen carry-trade, causing the volatility to feed upon itself as the Risk-On trade of the good ole days becomes the Risk-Off trade of today.
Ya can't fight repatiation.
meeeee, meeeeee
http://www.youtube.com/watch?v=JzRGY5J-UOs&feature=related
It looks to me like Japan would welcome the rise. They are going to be a net importer till they get their infrasturcture rebuilt. The intervention may not happen.
[posting something ironic and clever about fiat money and radioactivity.]
I see a 79.82 print on the chart.