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Another Failed BOJ Intervention?

Tyler Durden's picture




 

... or just another algo driven stop hunt? At this point does anyone even care?

 

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Tue, 06/05/2012 - 09:14 | 2495496 fightthepower
fightthepower's picture

Fuck you Bernanke!

Tue, 06/05/2012 - 11:34 | 2496042 Satan
Satan's picture

It's funny every time :)

Tue, 06/05/2012 - 13:05 | 2496343 fourchan
fourchan's picture

agree^

only the algos are trading the markets now anyway.

Tue, 06/05/2012 - 14:16 | 2496651 AmCockerSpaniel
AmCockerSpaniel's picture

Not fast enough for a pure algo.

Tue, 06/05/2012 - 09:14 | 2495499 Cognitive Dissonance
Cognitive Dissonance's picture

Expect these interventions, either directed by central banks or directed at central banks, to escalate exponentially.

Strap in folks. The ride is about to get real.

Tue, 06/05/2012 - 09:16 | 2495510 cossack55
cossack55's picture

Well, I certainly hope you are correct CD.  Been waitin' a long time.

Tue, 06/05/2012 - 09:19 | 2495522 CClarity
CClarity's picture

The CB interventions make for some wild rides, but it's the CDS and other unwieldy derivative unwinds (which won't unwind in an orderly way but in crazy crash destruction) that will stop your heart.

Tue, 06/05/2012 - 09:54 | 2495689 mtomato2
mtomato2's picture

"I know, right?"

(Trying out my newly acquired high school jargon.)

Tue, 06/05/2012 - 10:29 | 2495811 RichardENixon
RichardENixon's picture

Wait, what?

Tue, 06/05/2012 - 09:16 | 2495512 Doubleguns
Doubleguns's picture

An "E" ticket ride.

Tue, 06/05/2012 - 09:25 | 2495559 Cognitive Dissonance
Cognitive Dissonance's picture

On another note, the muppets are finally getting in on the action and fighting fire with fire........at least in Pakistan.

"The U.S. has terminated funding for a $20 million project to develop a Pakistani version of Sesame Street, the U.S. Embassy said Tuesday. The decision came as a Pakistani newspaper reported allegations of corruption by the local puppet theater working on the initiative."

http://finance.yahoo.com/news/us-terminates-funding-pakistani-sesame-102620969.html

Tue, 06/05/2012 - 09:30 | 2495582 Ethics Gradient
Ethics Gradient's picture

Yeah, but I'm sure the puppet theatre can just pull some strings...

[boom, boom]

I'm here all week. Try the linguine.

Tue, 06/05/2012 - 09:40 | 2495618 Cognitive Dissonance
Cognitive Dissonance's picture

The real terrorists. I don't like the looks of that green one down in front. Watch him carefully.

Terrorists

Tue, 06/05/2012 - 09:43 | 2495634 curbyourrisk
curbyourrisk's picture

Where's Waldo?

Tue, 06/05/2012 - 09:48 | 2495656 LFMayor
LFMayor's picture

Poor taxpayers, they've all got somebody's fist up their ass.

Tue, 06/05/2012 - 09:49 | 2495664 Doubleguns
Doubleguns's picture

With at least 4 kermits running around the corruption became obvious to the ISS. They were very suspicious about the one in the trench coat.

Tue, 06/05/2012 - 09:35 | 2495597 LetThemEatRand
LetThemEatRand's picture

The Count took all the money from the rest of the muppets, then complained about too much regulation and taxation on the stolen money.  Big bird self-immolated and the cookie monster had to switch to generic cookies to avoid claims of runaway inflation.

Tue, 06/05/2012 - 09:51 | 2495672 GMadScientist
GMadScientist's picture

But Oscar the Grouch was well-prepared and his gold is worth more every day.

 

Tue, 06/05/2012 - 09:46 | 2495648 Zgangsta
Zgangsta's picture

I'm surprised that Bert couldn't smooth things over...he's got an in with al Qaeda after all.

Tue, 06/05/2012 - 09:44 | 2495644 Zgangsta
Zgangsta's picture

Space Mountain, bitchez.

Tue, 06/05/2012 - 09:14 | 2495500 fuu
fuu's picture

Nope!

Tue, 06/05/2012 - 09:14 | 2495501 cossack55
cossack55's picture

I don't.

Tue, 06/05/2012 - 09:23 | 2495553 CPL
CPL's picture

Same here.  I have no worries that bumblefuck central bank employees will fuck it up and broadly miss any benefit promised.

 

BTW to any Japanese readers, that would be your que to take all your money out of the banks and get out of the stock market before every one and the asshole cousin does.

 

Disclosure:  Long gold...fuck paper IOU's.

Tue, 06/05/2012 - 09:15 | 2495505 Doubleguns
Doubleguns's picture

Benny got a hard on!!

Tue, 06/05/2012 - 09:16 | 2495516 q99x2
q99x2's picture

Its a natural function of the biology.

Tue, 06/05/2012 - 09:17 | 2495517 FranSix
FranSix's picture

There IS a bull market in the Yen, after all.

Tue, 06/05/2012 - 09:19 | 2495523 _ConanTheLibert...
_ConanTheLibertarian_'s picture

why does the acronym BOJ always remind me of BLOWJOB

Tue, 06/05/2012 - 09:23 | 2495555 Dr. Richard Head
Dr. Richard Head's picture

Because they, like all central banks, suck dick.

Tue, 06/05/2012 - 09:21 | 2495536 disabledvet
disabledvet's picture

Tim Geithner whopsda baby. Move along.

Tue, 06/05/2012 - 09:21 | 2495537 crawl
crawl's picture

Quickest way to juice a quick return is to do a short squeeze.

Same likely to happen to the euro?

Tue, 06/05/2012 - 09:22 | 2495549 Miss Expectations
Miss Expectations's picture

just another algo driven stop hunt?

Looks more like an all systems go hunt. 

Tue, 06/05/2012 - 10:37 | 2495835 Umh
Umh's picture

Maybe it's an extension of diplomacy by other means.

Tue, 06/05/2012 - 09:23 | 2495550 Raynja
Raynja's picture

The transit of venus is this evening in ny

Tue, 06/05/2012 - 09:28 | 2495574 Ethics Gradient
Ethics Gradient's picture

My neighbour's dog died.

Sorry. Right. Who am I? Where am I?

Great lager!

Tue, 06/05/2012 - 09:31 | 2495584 francis_sawyer
francis_sawyer's picture

preceeded by the transit of 'penis' (above)

Tue, 06/05/2012 - 09:43 | 2495630 Ethics Gradient
Ethics Gradient's picture

MUST. NOT. MAKE. JOKE. ABOUT. SEVENTH. PLANET.

Tue, 06/05/2012 - 09:48 | 2495658 Cognitive Dissonance
Cognitive Dissonance's picture

Men are from Mars, women are from Venus.

Mrs. Cog is an entirely different species. I'm all for interplanetary communication of the most personal and intimate kind.

http://www.amazon.com/Mars-Women-Venus-Communication-Relationships/dp/006016848X

Tue, 06/05/2012 - 11:55 | 2496121 mick_richfield
mick_richfield's picture

Men are from Mars.

Women are from Macy's.

Tue, 06/05/2012 - 09:53 | 2495678 kralizec
kralizec's picture

Missing Uranus?

Tue, 06/05/2012 - 10:43 | 2495855 Vegamma
Vegamma's picture

Uranus is a gas giant

Tue, 06/05/2012 - 09:59 | 2495702 mtomato2
mtomato2's picture

"... You know, I really enjoy sitting out here, on your Big Deck, staring at Uranus..."

Tue, 06/05/2012 - 10:13 | 2495762 pods
pods's picture

No matter where you go, no matter what you do, it always seems that the banksters are aligned with Uranus.

Tue, 06/05/2012 - 09:24 | 2495561 bnbdnb
bnbdnb's picture

So what exactly is BOJ doing to send all currency pairs against the YEN rocketing all at once? Its not just USD.

Tue, 06/05/2012 - 09:28 | 2495569 Sylvia Plath
Sylvia Plath's picture

Ummm... It was Jun Azumi taking the stage at the G7 press conference and talking about the Yendo.... I'm sure there were some algo stop hunts in there too, but for it to be a ZH post.. really? There are other bigger things going on right now~

Tue, 06/05/2012 - 09:28 | 2495572 Boilermaker
Boilermaker's picture

At this point does anyone even care?

Not really.

 

 

Tue, 06/05/2012 - 09:30 | 2495577 junkyardjack
junkyardjack's picture

Looks like its just testing the 200 DMA like everything else

Tue, 06/05/2012 - 09:30 | 2495578 theTribster
theTribster's picture

Ouch. How many people have been burned by shorting Japan over the years? I still agree with Kyle Bass but he is obviously way ahead of the curve on this as his position has to be down well over 30% YTD.

Tue, 06/05/2012 - 10:30 | 2495813 intric8
intric8's picture

They're bound to gun if those foolish retards leave a shitload of conditional orders in plain site

Tue, 06/05/2012 - 10:01 | 2495717 ProtectiveFather
ProtectiveFather's picture

I'm not an FX guy, but is a 1% jump that crazy? Also, why post the JPY/BGN graph when the JPY/USD is similar? Bulgaria? I must be missing an inside joke.

Tue, 06/05/2012 - 10:14 | 2495765 Burticus
Burticus's picture

This JPY spike and last week's Treasury price spike up/yield spike down are examples of how one can be right on the fundamentals and technicals, but get bankrupted by the interventionals known only to the elite insiders.  Your logical trade could be underwater or stopped out when you wake up in the morning.

It is seemingly insane that anyone, even muppets, would lend for 30 years at 2.5% to an out-of-control gubmint running 1.5 trillion annual cash basis deficits, with 15 trillion in debt on the books and 80? trillion off the books.

Endgame is in sight - the largest transfer of wealth in history from small hands to huge (as usual).  Govern yourselves accordingly.

Disclosure:  Long silver, gold, steel, lead, food & rope.

Tue, 06/05/2012 - 10:32 | 2495822 RichardENixon
RichardENixon's picture

You might want to throw in some pitchforks and torches just for dramatic effect.

Tue, 06/05/2012 - 11:42 | 2496080 Weyland_Yutani
Weyland_Yutani's picture

Those export companies in Japan are probably using helicopters to drop money on politicians. Hey, destroy our currency so we can export. Never mind that we import everything else, which gets more expensive... fuck sakes.

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