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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
@alaidi: OFFICIAL FIGS: Japan sold more than yen 2 trln in London & NY mkts on Wednesday -- Nikkei $$ $USDJPY #forex $$
Jpns govt telling Nikkei to warn mkts abt future intervention. $AUDJPY 55-week MA just above 80.80s double top from June ...
basically Govt mouthpiece tries to keep the makt away from buying yen..but FX traders arent easily pushed away especially when they see value in doing so
Ashraf
anyway as for EURJPY this year's top was about 134 and today is 111 about 400 pip
how much ammunition does BoJ have to get back to a comfortable relation or how much debt can BoJ raise?
Maybe the intervene again if needed but I think PIMCO is correct the effect will be short lived.
Basically the next UST auctions will go well
I am only unsure what if Philly Fed is negative but somewhat LESS negative?
However I am unaware of a warning of Jap Min of Finance?