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Dollar Yen Plummets To New Post World War 2 Low

Submitted by Tyler Durden on 10/21/2011 09:07 -0400

The USD just dumped across all major pairs after the recent support in the USDJPY at 76.65 was just broken, leading to a huge plunge first in the Dollar-Yen, to a fresh post WW2 lowm and then in all other pairs. It is unclear what is driving this: probably some combination of QE3 expectations and technical trading now that the bottom has been taken out. The signal is irrelevant: it all originates at the central banks these days anyway. Expect imminent chatter of BOJ intervention to protect its exporters.

Intraday:

Longer-view:

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Fri, 10/21/2011 - 09:09 | 1796521 GeneMarchbanks

YENtervention time!

http://www.youtube.com/watch?v=wE7ETvoMt6Y

Fri, 10/21/2011 - 09:15 | 1796556 paarsons

Good Citizens of Metropolis!

What can we do?

We must run to the hills!!!!

The sky is falling, motherfuckers!!!!

Peace.

http://geraldcelente.proboards.com

Fri, 10/21/2011 - 09:42 | 1796706 fuu

new handle same link pimpin

Fri, 10/21/2011 - 09:56 | 1796782 Schmuck Raker

A.K.A.?

Fri, 10/21/2011 - 10:15 | 1796823 fuu

Both are access denied due to banning(i think) which is why he has a new 1 week old account.

http://www.zerohedge.com/users/wsmith

http://www.zerohedge.com/users/oobrien

Fri, 10/21/2011 - 12:36 | 1797462 Treason Season

A.K.A. Celente's Buttboy

Fri, 10/21/2011 - 14:51 | 1798032 Pool Shark

Kamikaze Kurrency bitchez!

Fri, 10/21/2011 - 09:09 | 1796530 Irish66

this certaintly peeked my interest...who what when and where

Fri, 10/21/2011 - 09:12 | 1796547 Mike2756

And was promptly sold, the dollar dump was pretty much concentrated in the pound and yen, not much reaction in the pm's, too.

Fri, 10/21/2011 - 09:15 | 1796555 Irish66

watching the action in the pound

Fri, 10/21/2011 - 09:19 | 1796573 Mike2756

More repatriation?

Fri, 10/21/2011 - 09:33 | 1796653 DeadFred

I wonder what pissed off country has enough currency reserves to manipulate things this way? Hmmm, can't think of any.

Fri, 10/21/2011 - 10:14 | 1796846 ReactionToClose...

hilarious ... very good

just wait ... someday soon ... Treasuries will have their 'day in the sun'.

I cannot imagine the level of financial violence going on across the globe when asset classes are getting ripped like they are ... for no 'logical' rationale except sentiment, fear, rumor and scepticism ... and HFT algo formulas.

Fri, 10/21/2011 - 09:23 | 1796596 Toolshed

peeked your interest? For the love of god man. it's piqued your interest! Piqued your interest! Where are the grammer cops? ;}

Fri, 10/21/2011 - 09:24 | 1796598 Mike2756

There all in Greece, lol.

Fri, 10/21/2011 - 09:51 | 1796760 LongBallsShortBrains

They're
Their
There

Oh who gives a fuck?

Fri, 10/21/2011 - 10:11 | 1796836 DavidC

Its, it's. You're, your. Rein, reign.

I do and, evidently, others do.

DavidC

Fri, 10/21/2011 - 11:19 | 1797187 Diogenes

"This stock is bullish" or "this stock is bullshit" what's the difference. If you can't spell or put together a coherent sentence who knows what the hell you are trying to say?

Fri, 10/21/2011 - 11:34 | 1797248 Manthong

I’ve reach peak pique as we endure this insane sovereign reign and their lies which belie the fact that there’s no there there in terms of intrinsic valuation.

Fri, 10/21/2011 - 12:01 | 1797364 Mike2756

i though it was suvern rain.

Fri, 10/21/2011 - 14:59 | 1798090 patience...

I hate replying to a nut case

Fri, 10/21/2011 - 09:35 | 1796661 DeadFred

Their watching midgets with they're friends at the SEC.

Fri, 10/21/2011 - 09:50 | 1796750 Larry Darrell

Was that purposeful?? Clever if so.

Ignorant if not

"They're"

Cheers =)

Fri, 10/21/2011 - 09:46 | 1796735 Poule Mouillee

They're hanging with the speling cops. Really.. "grammer" ?

Fri, 10/21/2011 - 09:48 | 1796739 buzzsaw99

peek oil bitchez!

Fri, 10/21/2011 - 10:20 | 1796874 cahadjis

it's "grammar" by the way, sorry.

Fri, 10/21/2011 - 10:28 | 1796921 merizobeach

"['][P]eeked['] your interest? For the love of god man[,] it's [']piqued['] your interest! [']Piqued['] your interest! Where are the gramm[a]r cops? ;}"

You rang? I did not capitalize your spelling of 'god' because I assumed you were referring to a god of grammar.

Fri, 10/21/2011 - 22:46 | 1799421 FrankDrakman

Kelsey Grammar has his own god? I know he has a new TV show, but I didn't know he'd branched out into religion.

Fri, 10/21/2011 - 12:36 | 1797459 Catch-22

Give him a brake with the english gramar... the word is actually from french "piqué"

Fri, 10/21/2011 - 09:10 | 1796532 the not so migh...

MARKET RALLY!!!!!!

Fri, 10/21/2011 - 09:10 | 1796533 spiral_eyes

death of the dollar, bitchez.

Fri, 10/21/2011 - 09:10 | 1796536 YesWeKahn

I am gonna buy some japanese cameras. There isn't much to buy from the japs these days.

Fri, 10/21/2011 - 09:26 | 1796613 Toolshed

Ummmmm.........the dollar buying fewer yen would make Japanese products MORE expensive in dollars wouldn't it?

Fri, 10/21/2011 - 09:11 | 1796539 broke433

THe great Bernenke has done it again

Fri, 10/21/2011 - 09:18 | 1796565 scatterbrains

Are there any central banker triple ETF's yet ? Isn't this what it all come down to now ? Which central banker wins king of the hill ?

Fri, 10/21/2011 - 09:11 | 1796540 The4thStooge

That's the kind of parabolic action I love to see in the morning. End-timez bitchez!

Fri, 10/21/2011 - 09:12 | 1796544 Dr. Engali

Now that is ugly. Looks like they are expecting the fed is going to buy ups some MBS's.

Fri, 10/21/2011 - 09:12 | 1796545 Belarus

Maybe we're starting to see blow-off moves in the Yen as they approach the point of no return.

Fri, 10/21/2011 - 09:12 | 1796546 Cassandra Syndrome

Dollar Index at around 76.5. The Bernank needs that up in the high 80s. Good luck with that!

Fri, 10/21/2011 - 09:13 | 1796549 PicassoInActions

picked up at 75.85, still wondering wtf happened....

Fri, 10/21/2011 - 09:16 | 1796560 YesWeKahn

This is getting really scary. Jail Bernanke, otherwise the world is going to end really really ugly.

Fri, 10/21/2011 - 09:19 | 1796574 Doubleguns

uglier. There its fixed.

Fri, 10/21/2011 - 09:37 | 1796678 slackrabbit

I want apocolypic ugly.

Then we can get the BS over and done with.

Fri, 10/21/2011 - 11:25 | 1797203 Diogenes

Do you know what is ugly? Japan is devastated by a nuclear accident that will render large areas a wasteland for 25000 years and they are STILL in better shape financially than the US.

Fri, 10/21/2011 - 09:21 | 1796584 monopoly

Can you imagine speculating with currencies. I bet currency traders are getting wiped out in both directions. I never go there. Way to volatile.

Fri, 10/21/2011 - 09:22 | 1796590 Tsar Pointless

Co-workers of mine; Stocks are up! Yee-haw! Our stock is over $20 again! Woo-hoo!

They constantly deride the OWS crowd and call us "crazy", yet they see nothing wrong with an economic and financial system wherein their CEO makes more in ONE DAY than do they in an entire year.

And, in which their former CEO received a golden parachute worth $20,000 for each of the 1,500 job cuts he announced just months prior to his "resignation".

What a country!

Fri, 10/21/2011 - 10:15 | 1796852 Village Smithy

This is what happens when too many people are chasing too few jobs.

Fri, 10/21/2011 - 22:49 | 1799426 FrankDrakman

In Bambam America, you don't quit job, job quits you!

Fri, 10/21/2011 - 09:22 | 1796591 Village Smithy

What a surprise! Last night ZH announces that the Fed has plans for LSAP, through MBS, and this morning we are gapping up in all inflation sensitive assets. Hopefully the Chairman just wanted to test the markets on this one and the spike in commodities that we will see over the next few days will remind him of last year's recovery busting inflation surge. Fuck that man has a short memory.

Fri, 10/21/2011 - 09:23 | 1796593 whirlybird rules

risk off, risk on, carry, shmarry... too many us dollars out there... someone(s) trying to tell Ben something???

Fri, 10/21/2011 - 09:25 | 1796606 Tic tock

maybe this will solve europe

Fri, 10/21/2011 - 09:30 | 1796635 El Gordo

Watch out for the yuan...it's lurking back there somewhere. And out politicos want it to step out and crash the dollar even more.

Fri, 10/21/2011 - 09:32 | 1796644 The4thStooge

well now we know what happened.

Fri, 10/21/2011 - 09:34 | 1796655 Mr Lennon Hendrix

All the stay at home boomers betting on a major dollar rally have been blown out the last two weeks.

Your King is dead, bitchez.

Fri, 10/21/2011 - 09:34 | 1796658 Alex Kintner

Bullish for GM. Toiletas will cost more. Bernankster = Genius Con.

Fri, 10/21/2011 - 09:35 | 1796660 disabledvet

"no one knows why financial nukes are now flying...but that guy over there better hurry up and get to the bottom of this!" again this is a possible signal that we are on the cusp of a deflationary "Sudden Impact." We all know BofA is up to no good--that ones stands out as one of the Usual Suspects. We'll see. This is not alter boy business needless to say.
http://www.youtube.com/watch?v=UDi4hiiozeI&feature=player_detailpage
http://www.youtube.com/watch?v=KnGo6Qm0Wt8&feature=player_detailpage

Fri, 10/21/2011 - 09:37 | 1796677 DeadFred

Where's Yencross when you need him? Busy perhaps. Exciting times.

Fri, 10/21/2011 - 09:44 | 1796694 slackrabbit

We're on an express elevator to hell. Going Down!!!

http://www.youtube.com/watch?v=uDLQg8ZKBS8

Fri, 10/21/2011 - 09:43 | 1796709 YesWeKahn

Don't worry, the market is celebrating the end of the euro currency.

Fri, 10/21/2011 - 09:44 | 1796716 Jimmy Carter wa...

ummm, the dollar hit 75.something in August, how is today a new low?

Fri, 10/21/2011 - 09:58 | 1796789 buzzsaw99

read the headline again carter.

Fri, 10/21/2011 - 09:46 | 1796731 Jimmy Carter wa...

When I see gold hit 2grand and silver hit a buck I'll start smiling

Fri, 10/21/2011 - 09:46 | 1796734 buzzsaw99

Thanks Bernanke!

Fri, 10/21/2011 - 09:59 | 1796792 firstdivision

WTI is already up 2.5% for the day. We should be able to breach $90 by 2 at this rate.

Fri, 10/21/2011 - 10:02 | 1796806 Schmuck Raker

Repatriation.

Transitory.

Shyeah... right.

Fri, 10/21/2011 - 10:07 | 1796819 Chief KnocAHoma

Chief like this plan: www.SouthGaRealEstateReport.com

Use exchange rate and low real estate values to attract foreign buyers. Chief say - "Good idea! Now pass the damn bill and forget that damn proposal by O."

I am The Chief!

Fri, 10/21/2011 - 10:10 | 1796832 Quadlet

If the FED issued a large EURUSD swap to a European bank, what would happen in the markets? What would the bank use it for?

Maybe they need dollars to settle accounts in other pairs. The result would be a hidden drop in EURUSD and a public dive in USD-x pairs.

Any other ideas?

Fri, 10/21/2011 - 10:21 | 1796878 Precious

Great headline. But everyone outside of the US of Anglophiles thinks it's more like "Japanese Yen Jumps to a New Post World War II High".

Fri, 10/21/2011 - 10:33 | 1796939 lolmao500

They are selling their dollars to fund their new airforce and fix what the tsunami destroyed.

Fri, 10/21/2011 - 10:46 | 1797014 Quadlet

Japan really needs a missile shield, don't they? Don't we have a contractor that does that? I'm going to let my Senator know.

Fri, 10/21/2011 - 11:00 | 1797094 defcon

Another export driven economy whose currency is outperforming the one from its trade partners. Are we going to see a Yen peg to the dollar? Will it all end into a globally fixed currency system?

Fri, 10/21/2011 - 11:14 | 1797158 Johnk

"Longer-view" LOL

So a 5-minute chart is long-term nowadays. Thanks, made my day.

Fri, 10/21/2011 - 12:57 | 1797537 Saro

I think you misread. Check the dates on the bottom of the charts again.

Fri, 10/21/2011 - 11:17 | 1797178 robertocarlos

Dow to 36,000 easily. Dollar to zero.

Fri, 10/21/2011 - 12:10 | 1797390 Achaean 5

The US dollar and $ denominated investments are done. The OWS is here to stay - going nationwide. The revolt against the global fat cat greedy bastards is here and is not going away. The pseudo safe haven status of the dollar is over, regardless of the hype coming from the idiot drone talking heads on mainstream media. Don’t be fooled by this rally in the stock market. Hard assets is what it is all about. Silver and gold, long term food sources, non-hybrid, non-gmo seeds, and land.

Fri, 10/21/2011 - 13:05 | 1797566 Pete15

Strong dolla my ass

Fri, 10/21/2011 - 16:03 | 1798382 Zap Brannigan

Wasn't the carry trade supposed to go to have gone to hell by now? Anyone have insight into this moist smelly corner of finance?

Dollar Yen Plummets To New Post World War 2 Low

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