Yen Surges: BOJ Intervention Watch At DefCon 1

Tyler Durden's picture

Starting at 9pm Eastern, something lit up a fire under the Japanese Yen, sending all pairs, but specifically the USDJPY and EURJPY down sharply for no apparent reason. At last check the Dollar Yen was back under 79.85, the level at which the BOJ 3 months ago had to run like a petulant, crying child to its pedophile uncles from the G-7, begging for a rescue.  The only mildly related news came out just prior when it was announced that China's net purchases of Japan debt hit a new record in April. From Bloomberg: "China’s net purchases of Japan’s long-term debt reached a record as the larger nation seeks to diversify the world’s biggest currency reserves. China bought a net 1.33 trillion yen ($16.6 billion) in Japanese long-term bonds in April, the biggest amount since records began in January 2005, according to data released today in Tokyo by Japan’s Ministry of Finance. The nation sold a net 1.47 trillion yen of short-term debt, the data shows. “As China tries to diversify its assets with its huge foreign-exchange reserves, it probably wants to have yen- denominated assets to some extent” in the longer term, said Tetsuya Inoue, chief researcher for financial markets for Tokyo- based Nomura Research Institute Ltd. “China has a strong trading relationship with Japan." If anything this would be dollar negative, not so much Yen positive... We will follow and update if anything is noted.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Canaduh's picture

A priest, a rabbi and three melted down nuclear reactors walk into a bar....

Cognitive Dissonance's picture

With or without all their fuel rods. makes a difference.

Fish Gone Bad's picture

A priest, a rabbi and three melted down nuclear reactors walk into a bar....

"Ouch!", they exclaimed.  Then they all had ice cream.

The end.

MayIMommaDogFace2theBananaPatch's picture

I want to hear the punchline...Anyone?

blunderdog's picture

Priest orders some blood of Christ.  Rabbi orders some Manichewitz. 

The reactors say, "It's coming on three fucking months drinkin' with these two assholes, if I'm not quenched soon, no one gets out alive!"

Orly's picture


Excellent job!


gmrpeabody's picture

So the bartender says..."I hopes all of you left your rods at the door".

Cheesy Bastard's picture

...The bartender looks up and says "what is this, some kind of joke?'

LowProfile's picture

The reactor says "Joke?  That's on you, motherfucker." and promptly spews cesium on him.

gwar5's picture

...walk into a bar...

The bartender asks the priest, "Well, what'll it be?"

Priest: "Gallon of Irish Whiskey and a glass."

Rabbi: "A whole keg of Manaschevitz red wine and a Kosher pickle."

Three Nuclear Reactors: "3 million gallons of your coldest water, 3 firehoses, and your utmost discretion."







phungus_mungus's picture

Shouldn't that be an earthquake, a tsunami and three melted down nuclear reactors walk into a bar....

Yen Cross's picture

I'm all over that one BOB!

Turd Ferguson's picture

Wow, I thought only PMs had charts that looked like that.

sabra1's picture

thought that was weiner's vid snapshot!

serotonindumptruck's picture

In a parabolic inverse curve?

Yen Cross's picture

 I'm watching a parabolic h-1 SAR. Mixing it with the oversold moving average.

Cheesy Bastard's picture

Wow, I thought only women with PMS had charts that looked like that.

New Survivalist's picture

Who the fuck junks you, Turd?


Must have some crybaby stalkers that got spanked on your blog.

Roaming Uranus Looking For Klingons's picture

New Survivalist = New Baffoon.  Now have a nice week you idiot.

Vlad Tepid's picture

Since you KEEP using the word to insult people, I must point out that the word you're trying to use is "buffoon." As in "Roaming Uranus is a seemingly illiterate, pontificating buffoon."  Is it easier to understand when I use it in a sentence?

progro's picture

DOW futures dropped too...

TruthInSunshine's picture

This isn't supposed to happen. Clearly, there's a serious glitch in the Matrix.

Algorithm was supposed to be USD lower = Equity indexes higher = American Living Standards into the sewer* ad infinitum.

Two out of the three is going to cause absolute chaos. All three need to click precisely, lest it all comes unwound at the seams. It's akin to a slightly 'off' centrifuge (loaded with highly enriched plutonium).

Kyle Bass is beaming confidently in speaking of the literal end of Japan as it's been known for at least 60 years, as in total economic implosion.

Yen Cross's picture

 to, and cash forwards are flat!

camoes's picture

Don't worry BOJ will flood with liquidity, free money bitchez!

gwar5's picture

Like da free munny!

progro's picture

Dow futures dropped too...

Yen Cross's picture

 Intervention? Ohh an exporters nightmare! The option @ 79.4 needs to get touched! (FIRST)

Yen Cross's picture

worthless person that keeps junking me! Show your face. Loser!

blunderdog's picture

Only pussies cry about being junked.

buzzsaw99's picture

you don't know how right you are. Consider yourself junked as well.

Yen Cross's picture

 So blunder, what is your trade? Ya gonna pump and dump the usd in Europe, or Asia?

blunderdog's picture

I nibble at tiny bits, not enough working capital to play with 4x just yet.  Tomorrow I'll probably buy some SDS and dump it at the end of the day.

I'm not much of a trader, so if you're trying to compare dick size, you've got the wrong guy.  I actually have to work for a living.  That doesn't change the fact that I think you're a clown, and a pussy for crying about being junked.  It's 20 bullshit posts from you for each one that has anything to do with the topic or expresses a coherent thought.

Roaming Uranus Looking For Klingons's picture

Yen -- I told you to stop being a blowhard. 

Every single time somebody slams your lil dick in the dirt, you start screaming about what is your trade, what is your trade. 

How about you have no trades, because if you did you wouldnt be searching the advice of a bunch of baffoons.  That is why i said that Yen Crosser = Bafoon.  Stop pandering to fools, which makes you a fool. 

A good lesson for you -- now sit down, zip it up, listen and learn, and you can give me thanks at your leisure. 

Have a good week..........

Yen Cross's picture

 Coming from a PUSSY?! You are pathetic.  YEN CROSS.


    I never Junked you!

blunderdog's picture

Thank you so much for your thoughtful and considered response.

buzzsaw99's picture

i junked you too. Rule #1) We do not talk about people touching our junk on here. ;)

cossack55's picture

SAY WHAT?  The Bernank has been touching everyones junk for years.  Oh, unless you mean junk in a Weiner-kind-of-way.

Yen Cross's picture

  usd/jpy is compressing. look@ rsi and stochastics.

fswalker's picture

Option / long retail positions will need to be wiped before Yen will loose its strength and reverse. Cheers for the heads up on the option barrier.

buzzsaw99's picture

the bernank is pleased.

pragmatic hobo's picture

tomorrow could be ugly ...

camoes's picture

Something is going on with copper as well, maybe Blythe is switching to Dr.C to raid?

Dapper Dan's picture

ISTANBUL—China is likely to pick up its copper purchases in the second quarter, at a time when global supplies of the metal are forecast to be in a deficit of 500,000-600,000 metric tons.

The combination is likely to result in even high copper prices, executives at an international metals conference said Thursday. Copper prices recently hit all-time highs, reaching above $10,000 a metric ton in London and topping $4.60 a pound in New York.

Me thinks they are going to coin it, they purchased  much more in 2009.

Id fight Gandhi's picture

Must print more yen. Stop Godzilla