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

If I recall correctly the BoJ line in the sand was 82. It is now sitting at 78.64 with an enormous long tailed doji, I predict it will be a rickshaw doji before this is over. Japan cannot withstand any further strengthening, and they will step in.

 

I am sure they printed loads of money off to pay for tsunami repairs. Will this not have an impact on prices? If not how far do they have to go? Will any action prevent the rise?

I don't think it will. So what exactly do you expect them to do?

 

how about dropping yen from helicopters?

that'll do the trick

 

Japanese Yen Future Contract June 2011 Chart 30 Minute Intervals

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3124970 \img>

 

dude, when something drops 500 pips like that in a flash, it's because there are no bids to stop it.\

all the more so in AH.

 

they will need to buy a lot of stuff to rebuild

basically it's in their best interest to have strong yen for now

 

AUD/JPY canary in the coal mine Aug. 2007. Same here, but much worse, namely impending currency crisis.

 

Man, wish this volatility would stick around. JPY as usual is an eye opener tonight.

 

No shit sherlock. While we sleep, Japan is awake. While we're awake, Japan is asleep.

 

Did you look at the chart? That was not a normal move. Being an expert forex trader such as yourself, I would think you would know that.

There is no evidence that an appreciating currency is bad for GDP growth? Please stay on the sidelines where you belong.