Published on Zero Hedge (http://www.zerohedge.com)

Home > BOJ Scrambles To Bail Out ECB Gong Show, Sends USDJPY Over 120

BOJ Scrambles To Bail Out ECB Gong Show, Sends USDJPY Over 120

By Tyler Durden
Created 12/04/2014 - 09:24
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 12/04/2014 09:24 -0500



 

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...

[4]

 

and Then this...

[5]

 

FYI - the USDJPY buying rescue plan started at the exact moment S&P futures touched unchanged on the week!!

[6]

 

- advertisements -

Source URL: http://www.zerohedge.com/news/2014-12-04/boj-scrambles-bail-out-ecb-gong-show-sends-usdjpy-over-120

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9733
[3] http://www.zerohedge.com/taxonomy_vtn/term/8436
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141204_JPY.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141204_JPY1.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141204_JPY2.jpg