Everybody Print! BOJ Will Reenter Global Currency Devaluation Frenzy To Kill Yen

Tyler Durden's picture

Following the USDJPY touching on a fresh post-WWII low earlier today, not only has Noda made the transition from simply watching to outright panicking to being on suicide watch, but the BOJ has finally freaked out (something we predicted back in April only to be just 6 months ahead of the curve). Case in point: the Nikkei just reported that the BOJ "will discuss additional monetary easing measures to help blunt the mighty yen's impact on the economy when its policy board convenes for a meeting Thursday." Specifically, the BOJ may (read) will, expand the existing 50 TRN yen asset-purchase program by 5 TRN yen, and also may consider the purchase of bonds of more than two-year maturity, thus expanding scope of program and converting it into Japan's own Operation Twist. In other words, printing goes to Japan, now that it is widely expected that no matter what Europe does, the outcome will be one of EUR weakness. Everyone knows the proclivities of the deranged Chairsatan (and for those who don't just observed the dramatic backwardation in Crude observed here first yesterday), which only leaves Shirikawa. And he has just had enough. Which in turn explains the surge in gold: with the entire world once again entering hyprintspeed mode, the only safe repository of value is now exclusively gold (sorry CHF, you are no longer relevant: thank Hildebrand and the goonies at the SNB who are quietly padding up the asset side of their balance sheet with hundreds of billions of soon to be even more worthless euros).

Presenting the trade-weighted Yen:

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mfoste1's picture

printing is the easy way out for central bankers that dont wanna think

Ahmeexnal's picture

Hentai printers at warp speed Mr. Sulu!!!

SilverIsKing's picture

I'll give you Warp 8 and maybe a wee bit more!

Fukushima Sam's picture

Between radioactive land, water, tea, cars, and now Yen, Japan is the #1 producer of toxic exports!  Soon to add people to that list as the exodus gains momentum...

Uranium from finger nail of a Tokyo citizen

kito's picture

i thought kamikazes were pilots, not central bankers?

Hard1's picture

Monetary policy stupidity seems to be contagious nowadays

Unprepared's picture

Next thing you know the BOJ will peg the JPY to the CHF and the FT would break the story of a rogue teenaged trader almost blowing up MUFG reportedly because of some sour SPY options.

GottaBKiddn's picture

Devaluation, ............Bitchez

traderjoe's picture

No. Central banks are private institutions representing the fiat cartel. They are doing their masters bidding - which is diametrically opposed to the peoples interests.

trav7777's picture

these dumfuk central bankers at SNB should be buying EUROPE not the fucking euro!  Print and buy the goddamned assets!

POTUS's picture

why doesn't everyone see this for what it is ... global coordinated intervention. Europe does their clown show using CBO's and other peoples money to try and paper over their own problem.. then they run to the G20 meeting with hat in hand asking for IMF and Fed to bless the Euro plan with some more money. G20 obliges with a Nov 4 communique stating that there will be GLOBAL EASING - to spray foam on the runway -- Fed can then buy every MBS that isn't nailed down at the European banks - the USD can drop to 1.40 and the SPX can rally to the 200sma. Put your short shorts on once that happens.....

GeneMarchbanks's picture

So yentervention was the culprit.

redpill's picture

I like ggoooolllddddd!!!  Ishnt dat veird?

CClarity's picture

Ta Da!  Best explanation for gold pump today.

Ahmeexnal's picture

Time to go long Jade, Gold, and Cocoa Beans.

GeneMarchbanks's picture

Today it really could've been numerous factors that did it when you really look at the headlines. The Japanese are so trusty...

No One's picture

Does Japan use HP or Konica Minolta?

cossack55's picture

Irrelevant.  The cool thing about the yen is its ability to glow in the dark.  Soon it will make the worlds foremost confetti for night baseball.

Troll Magnet's picture


And I just picked up two 100 oz Engelhards, two 100g gold Pamps and two 1oz Plats this past weekend!


Show me your physicals, bitchez!!!

Unprepared's picture

Nice try ... Ain't showing you shit.

They already have my ip address and that's too much intell.

cossack55's picture

I told you before that it fell out of the freakin' boat along with my guns. 

trav7777's picture

seems to be a common occurrence round here

Troll Magnet's picture

That's because most of these boats were Made in China.

fnord88's picture

I spent mine on coke and hookers. Sorry Sir, I can't remember their names. Candy? Cindy? Bambi? Something like that Sir.

malikai's picture

I just bought a bit more over the weekend too. But I wasn't expecting it to be in the green this soon.

Troll Magnet's picture

Congrats!  I've been buying ever since silver crashed back to low 30s and gold $1620.  Took a lot of guts but I began buying thinking, 'I'll just keep adding to my stash on the way down.'  The game isn't over yet.  There will be more hit jobs.  But I really don't care.  I had a specific goal in mind when I started buying PMs and I'm getting closer each and every day.  Actually, I've already surpassed my goal in silver but I recently discovered the joy of fondling 100 oz bars.  They're so nice!

Aguadulce's picture

I've been buying more silver recently and am planning on converting it to gold at 40:1 Which brings me to my question...does the GSR have any relevance anymore?

Dr. Engali's picture

My question is...who is going to be the first country to say "the hell with your fiat. We are tired of your constant devaluation"?

redpill's picture

France has a rich history of bloody revolution.

mfoste1's picture

certainly wont be the US

GottaBKiddn's picture

Remember, Rothschild "controls the currency".

breezer1's picture

the people of vietnam are speaking...

NotApplicable's picture

That's kinda what the BOJ is saying.

cossack55's picture

Toss up. Zimbabwe or Iceland.

Bloodgroove's picture

What could possibly go wrong?

0cz's picture

When are they going to hold the vote for which political leader will emboss the 1,000,000 denomination of Japanese currency?  I vote for this guy:


fuu's picture

They should go with Masataka Shimizu. It will honor the toxicity of the notes.

rfullem's picture

uh, market reaction nil. since when did BOJ printing money lead to inflation?

El Viejo's picture

depends on you Zip code. Hold off on buying that new Honda. Prices are coming down.

unionbroker's picture

earlier in the year wasn't 81 the line in the sand that could not be crossed?

Mugatu's picture

Just tell me when the music stops so I can grab a chair before they are all taken.

0cz's picture

After they are done the chairs will have been split so many times that your will only be able to clean your teeth with them much less have a seat.

dwdollar's picture

Any artists here? I would almost pay money to have 'dance' replaced with 'print' in Safety Dance...


Even keep the video... The circus is very fitting!

afdestruction's picture

SOOOOO they devalue the yen, why is the dollar still way down? hmmmm

NotApplicable's picture

Bigger pile of shit, more stink.

John Law Lives's picture

This song just popped into my head from some strange reason:



AccreditedEYE's picture

How masochistic of them..... what was the lifespan of their previous foray into the market? haha