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Mission Accomplished: Abe Celebrates First USDJPY 100 Breach In Four Years
The morning started off with the ubiquitous JPY-carry spike pre-US-open and has now extended (post the 30Y auction) to the new normal 140 pips rise to break the magical 100 JPY level to the USD. It has been seven months since Shinzo Abe first hinted at his extreme policy prescription for his ailing nation. Since the start of October 2012, the JPY has lost 30% of its value and the FX-carry market's holy trinity of Aso-Kuroda-Abe can wave their initial "mission accomplished" banners this evening. Fifth time was the charm it seems as after four times trying and failing in the last month, USDJPY has just passed the 100 level for the first time since April 2009 - and while Abenomics lives on, it was initially 'designed' to bring the JPY back into line after its massive strengthening post the crash lows in 2009. Interestingly, USDJPY risk-reversals (from the FX option market) suggest traders are less confident that the devaluation continues apace. We shall see...
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have you ever had your shit pushed in?
i have
me too
im always gettin love from the homies
training day usd/jpy celebration
my bday too!
I'VE HAD MY SHIT PUSHED IN.... BIG TIME BRO
Whoever downvoted you needs to watch Training Day, crazy thing is that the lead Cholo is from New Zealand but he plays a mean Vato
everything has a cost, this one might be the ultimate one.
Fascinating how decline in popular culture parallels the fall of nations.
Hollywood used depict good men as heroes and role models. Remember Jimmy Stewart? Gregory Peck? Now look: "Have you had your shit pushed in?"
I have not had my "shit pushed in," nor would I wish such a thing on anyone. It sounds like a most unnatural condition.
Yippie Ki Ay Motherfucker
Where's my money Jake?!?
I was wondering when I saw this. Can't say it wasn't expected..
http://blog.quantsig.net/2013/05/09/usdjpy-5/
GO USD GO!
In the land of the rising dollar
go to the sky for the fuck shake
next stop 125 beyyooootch
Japan is rising again ...
And this latest, FWIW, from the purveyor of truly remarkable notions, Benjamin Fulford in Japan, re how Israel attacked Fukushima (!):
« ... mass murderer Benjamin Netanyahu of Israel has been summoned to China where he will be confronted with evidence of his involvement in the March 11, 2011 nuclear and tsunami terror attack against Japan, according to Chinese government sources.
The evidence is a tape recorded phone call to then Japanese Prime Minister Naoto Kan in which Netanyahu threatened to destroy all of Japan’s nuclear reactors if Kan did not order the Japanese government to write off its holdings of US government debt, according to Japanese military intelligence. In exchange for sweeping this issue under the carpet, the 180 nation BRICS alliance will demand an end to all further war-mongering in the Middle East. »
http://www.veteranstoday.com/2013/05/09/netanyahu-summoned-to-china-caba...
" In exchange for sweeping this issue under the carpet, the 180 nation BRICS alliance will demand an end to all further war-mongering in the Middle East" - optimist.
... says nothing about compliance in regard to said demand.
It's not worth anything. So why post it?
Never, ever, ever piss off the 180 nation BRICS.
another example of a managed collapse. Scary.
Yeah! Go Abe. Send it to 1,000. Make your people proud!
Ris is the infration we are rooking for.
Why don't they fucking send it to 1000, then Toyota can export an infinite number of cars for 100$ each? Sony i7 laptops at 90$ !
Because we will only send the USD down just as fast.
Why do you think they're not?
Can someone out in cali grab a picture of some dumb broad wearing lulu lemon driving a tesla and drinking a green mountain coffee for the caption for Tyler's market wrap today? I figure it should not be hard. Thaaaanks
That's easy, just have to drive to Santa Monica! what? huh? I need a permit to park here? "But there is no parking" I fucking hate Santa Monica so maybe no pic, sorry
Did anyone see CNBC's interview with this guy who had just reviewed his 401(k)?
http://www.youtube.com/watch?v=kMFJBd40Awo
Good one.
LOL, I was in Santa Monica and Venice Beach two weeks ago and we parked in the alley illegally. There is NOWHERE to park there.
The parking lot at my local train station was free. Last week my wife gets a ticket there. Turns out they went from free to permit. The ticket was $150. Free to $150 overnight.
Yeah, I avoid Santa Monica, I will not visit anybody there. Some good looking broads there though.
~All you maggots smoking fags on Santa Monica boulevard~
I continue to be amazed that people around the world continue to passively allow the destruction of their purchasing power through currency destruction - and don't even whimper in protest. AMAZING!!
If allow = clueless then yes they allow it.
Yes, but "ignorant" is more like it.
In the age of the Internet "clueless" is not possible like it used to be. hujel
Low information voters exist even in Japan.
The Burn_nay_QE: "Take that Japs!"
Me: "Wait. What?"
The Burn_nay_QE (louder) : "TAKE THAT JAPS!"
Me: "Umm, what exactly are we dishing the Japenese people?"
The Burn_nay_QE : "Winning!"
Me: "Chairman Bernanke," (clears throat), "of the French impressionist painters, do you prefer Monet or Manet?"
The Burn_nay_QE: "I like Mayonnaise."
Me: confounded; silence -- I'm uncomfortable.
The Burn_nay_QE: (Louder) "I LIKE MAYONNAISE!"
I have no idea what that all means but it is funny as hell.
Not sure what that means but it's funny.
GODZILLYEN!
I'm waitin'...gonna get me a $9,995 Lexus...especially when the Benz goes for $295,000...
Gundlach
http://www.cnbc.com/id/100724663
Enough to pop the stock bubble ..... nah ... yawn ..... but everyonce in a while there is this strange delay then ... wham.
Honest Abe.
So glad of my long punt from 98.75 this AM ! Elephants leave big footprints. ;-)
Houston, we have lift off!
(Godspeed Japan).
Buying a subi sti limited at 120.
USDJPY 100....Banzai!
Lower Yen equals more sales of our Japanese bearings in Peru, so it's OK with me if the Japanese lower their Yen. It's even better that S Korea is apparently going to lower their Won, as we buy even more from Korea than from Japan. Nor will China not allow THEIR pieces to get too expensive...
Oh...! You might ask where American bearings are in this note. We have tried to buy from Timken (the only US bearing manufacturer of size). They do not want to sell to us.
But, that's OK. We are on track to having our fourth best year IN A ROW in Peru. With the Asians, who treat us better.
Go figure...
Is the issue price? That is, is USD the best shit in the toilet right now?
The issue is that Timken will not sell to us. "Timken Argentina" decides who Tinken's distributors in Peru should be. Timken's US export people told me they want to reduce the number of their distributors in Peru anyway. (?, ahh,...?)
This is the best short summary I've seen so far of Japan's monetary harakiri. Kudos to the ZHer who posted it in a prior thread.
http://youtu.be/AR3TyfKTeNE
Japan's and Europe's unraveling will cause the USD to rally high: flight to safety. USD will become very strong and will kill US exports. What happens when you are already in a recession and you go into a big recession? Hmmmm.
You kiddin'? BernanQE (lol) will up the QE as high as necessary to prevent that.
When I was young and growing up, I always assumed the adults, the governments, the banks all had their act together and knew what they were doing. Now, since I've grown up and experienced life in the USA for 60 years, I've realized... I'M FREAKED OUT, I'M LIVING ON A FLOATING LUNATIC ASYLUM WITH ZERO CHANCE OF HOPE!!
This has the most relevance to South Korea.
More importantly, the Chinese have started allowing the CNY to appreciate again... This means they get reduced inflation internally and can buy more commodities. It pushes inflation back to the debtor countries.
I have a theory that it was CNY appreciation starting in 05 which caused the bust in the US housing market by 08. The increase in costs simply pushed more Americans to the margin, and over it.
Yup its gonna run 103.14 in the next leg up before further moves, concise clear clip over here.
Cue Ford & GM CEO's bitchfest on Currency manipulators as Toyota restorms the US market in major market share ramp...
http://www.youtube.com/watch?v=b_cgju5Ykb0&feature=em-upload_owner#actio...