Look at dat JPY!!!

Discussion in 'Forex' started by Stok, Mar 16, 2011.

  1. yep - the bombing of my late father's favourite hangout in Bali just missed him (he had just left). I kept on using his account to remind people that there are those who are bend on creating misschief out of jealousy as well as that one may feel oh so mighty yet one never knows what is around the corner that will shatter your life.

    Maria
     
    #11     Mar 16, 2011
  2. I remember your father here in ET...God rest his soul...

    ES


     
    #12     Mar 16, 2011
  3. I was thinking the tsunami. Is he an Aussie?
     
    #13     Mar 16, 2011
  4. Why does JPY keep rising despite the crisis? I don't get it. :confused:
     
    #14     Mar 16, 2011

  5. Yeah, i'd like to know too. Aren't they flooding the market with yen?
     
    #15     Mar 16, 2011
  6. ajcrshr

    ajcrshr

    The yen gained as much as 0.9 per cent to 79.98 per U.S. dollar Wednesday as currency traders speculated that the Japanese government, insurers and other companies will have to repatriate billions invested overseas to pay for rebuilding. Some estimates now peg the cost of the devastating earthquake, tsunami and continuing nuclear emergency at more than $180-billion (U.S.).

    In 1995, Japanese investors sold a record $30-billion of U.S. securities following the Kobe earthquake, equivalent to 13 per cent of Japan’s Treasury holdings at the time.

    http://www.ctv.ca/generic/generated/static/business/article1944910.html
     
    #16     Mar 16, 2011
  7. Does today's pullback have anything to do with Japanese selling US stocks to raise cash?
     
    #17     Mar 16, 2011
  8. LOL are you serious? You're kidding right?


    [​IMG]
     
    #18     Mar 17, 2011
  9. so who made some o dat free money tonight
     
    #19     Mar 18, 2011