Something is happening....Yen up 300 POINTS in 15 minutes...

Discussion in 'Economics' started by achilles28, Mar 16, 2011.

  1. Something is obviously wrong. Don't see anything on the wires or TV.
     
  2. WTF?
     
  3. WOW! Don't know what happened but I just made a small fortune very quickly.
     
  4. Absolutely SICK moves in Yen and Yen crosses right now.

    This is '08 volatility. Something bad happened. Has to be.
     
  5. Tsing Tao

    Tsing Tao

    there were tons of stops - massive ones at 79.80 (or thereabouts). there are no bids. this is a bid-less market.
     
  6. Good job :)
     
  7. Yen carry trade getting blown out. Japan suspended repair to nuclear reactors due to radiation.

    Yen was/is massively used for leverage, so this is killing a lot of wall street firms and hedgies.
     

  8. I hear you. That was a good technical level. But never have I seen the yen move like without an event. I think some real bad shit is about to come out.
     
  9. Shit lucky is all. And to think, just yesterday I was long but decided to take my losses and reverse the position. I could have easily been on the other side of this and be furious right about now.
     
  10. Link to the story?
     
    #10     Mar 16, 2011