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BOJ Scrambles To Bail Out ECB Gong Show, Sends USDJPY Over 120
Stocks are down... EU bonds are down... EURUSD is up, and Draghi is not providing his usual promises. Cue The Bank of Japan proxies buying USDJPY to ignite some momentum in risk assets... USDJPY just broke above 120 (for the first time since July 2007)... ran all the stops then tumbled back down...
This...
and Then this...
FYI - the USDJPY buying rescue plan started at the exact moment S&P futures touched unchanged on the week!!
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V bottom. Every time. Forever.
great documentary on the BOJ....scumbags
https://www.youtube.com/watch?v=p5Ac7ap_MAY&feature=youtu.be
SHEER TERROR PANIC!
Problem with the Yen being so low now is it makes the Yen carry trade moar likely to blow up in their face if it rebounds fast
Yep, but Wall St. will ride it down in flames manipulating all the way till they auger in.
Hilarious and pathetic.
DavidC
Free? Efficient. Markets?
Bullish.
cue Mr Crash. he's been waiting patiently for almost 6 years.
I love the fact that we have vassal states to do our dirty work. Get to work slaves.
It's good to be the king, isn't it?
Now go home and get your fuckin' shinebox.
The Reaper Always Comes Evenutually...and in Japan's case...they are nearing the end
Interesting that nobody (including ZH) is posting about gold rising in Yen terms.
Up 10% the last two months, and up 14% the last year as gold has dropped in USD terms. A difference of almost 17%.
http://www.kitco.com/gold_currency/index.html?currency=jpy&timePeriod=1y...
When the yen completely breaks the rest are totally fucked
As when the Raptor SPEs took down Enron.
How times have changed since Fastow, Skilling, and Lay went to prison. Everything is mark-to-market, the Fed is the largest SPE of all time, and hiding losses off books is SOP for every listed company anywhere.
Welcome to perdition a rest stop on the on the grand tour of the circles of hell....
Dear Central Prankers,
I request that since you know the right price and volume for everything that you please just send me my due allotment of money now.
Let's just drop out all the pretend """market""" bullshit right now, and cut to the chase.
I take checks, money orders, and direct wires.
Thanks in advance,
Serf's up.
P.S. Don't make me have to get out my pitchfork. You won't like it if it comes to that.
you have it wrong...they want you to send your money or they will take every last thing you have!
"...it's only fair!..."
/S
Seems like a really good idea to buy gold with paper worthless fiat paper fraudulently filled with value.
Next US bails out the ECB and Japan bails out the US.
More scams with mark to fantasy accounting.
Make-believe is true.
Maybe Zimbabwe can bailout the US or Japan or the ECB.
china busts out some xmas QE or something this weekend... watch.....
I do think 1.20 for the yen is a fiat breaker for them....it starts all kinds of problems
they will loose control of this at some point.... and it could flash to 150 pretty easy.....
Seppukunomics working well and the Japs will vote for Abe again in mid-december election, because it's not enought, I wonder how small bussines and people survive this situation.
Wait the oil going back to 80-90 bbl in a few month and it's game over.
Meanwhile Super Mario Draghi try to do the same thing with the Euro...
Still maintain 125/1 at Xmas.
Beware USDJPY corrections; they are nasty and vicious and take away all of Mrs. Wantanabe's money from sell stops. Ohhhhhhhh, the horror.
www.traderzoo.mobi
If only it was just USDJPY we've got so many other players with their fingers in the pot that everybody will go down....spectacularly.
1998.
yummy!
euro will follow.