Noted TY! I will be using proper risk management, as always. I have read about potential political unease with intervention, yet I believe Japanese will still go ahead, they may simply point at western stock markets' performance & compare to Nikkei, to effectively compete with Chinese we have to bring a gun to a gun fight, not a bow with an arrow
Japan Renews Vow of 'Decisive Steps' on Yen "TOKYOâJapan renewed its vow to tame the strong yen, as the currency neared the level reached before Tokyo's Sept. 15 intervention" "Dismissing the latest intervention as a failure, Eisuke Sakakibara, who intervened aggressively as vice finance minister for international affairs in the late 1990s, said that selling yen may cut its value briefly but can't change a long-term trend. "It would just provide speculators a chance to buy the currency at a cheap rate," he said. "Intervening in the currency market is like giving morphine to a patient: You could end up making the patient worse." To succeed with a yen-selling campaign requires three things that don't exist now, he said: coordination with the U.S., aggressive monetary easing by the Bank of Japan, and more spending by the government." http://online.wsj.com/article/SB10001424052748704483004575523611662524960.html?mod=googlenews_wsj
Brazil warns of world currency war http://www.telegraph.co.uk/finance/economics/8029560/Brazil-warns-of-world-currency-war.html
Well, we all wanted globalization, isn´t it ? Wealth for everybody - not only the "rich" countries....
Exclusive: FX moves too fast, too speculative: Japan Quite funny, nevertheless... http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt
Kyle Bass on Japan, shoot over to 2:25 for Japan issues. <object id="cnbcplayer" height="380" width="400" classid="clsid27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type" value="application/x-shockwave-flash"/> <param name="allowfullscreen" value="true"/> <param name="allowscriptaccess" value="always"/> <param name="quality" value="best"/> <param name="scale" value="noscale" /> <param name="wmode" value="transparent"/> <param name="bgcolor" value="#000000"/> <param name="salign" value="lt"/> <param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1568296901/code/cnbcplayershare"/> <embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1568296901/code/cnbcplayershare" type="application/x-shockwave-flash" /> </object> MONTHLY YEN 10 year JGB If Dollar-Yen Falls To 82, Watch For A Major Blowup In The FX War http://www.businessinsider.com/if-d...atch-for-a-major-blowup-in-the-fx-war-2010-10