Thailand's Floods And The Yen's Appreciation - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Thailand's Floods And The Yen's Appreciation
Started:November 8th, 2011 (02:30 PM) by Quick Summary Views / Replies:189 / 0
Last Reply:November 8th, 2011 (02:30 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Thailand's Floods And The Yen's Appreciation

Old November 8th, 2011, 02:30 PM   #1 (permalink)
Quick Summary
Thailand's Floods And The Yen's Appreciation

By Marc Chandler:The dollar has slipped to almost JPY77.50, the lowest since the massive intervention last week. At today's (Tuesday's) lows, the dollar has given back almost 50% of what the intervention had achieved. It is still mind-boggling the magnitude of the intervention. In one fell swoop, the BOJ accounted for about 20% of the average daily yen turnover. In one fell swoop it recycled all of last year's trade surplus (in the first eight month of the 2011, Japan is recording a trade deficit). However, if the size is breathtaking, the actual impact is hardly inspiring.

Given the poor track record of intervention, unilateral or multilateral, sterilized or unsterilized, there may be no compelling need to understand why the $100 billion intervention is not sticking. All sorts of possible explanations seem partly at play. Intervention has not been repeated. The failure to push the greenback above JPY80 kept bullish yen safe

Complete Story »

More on SeekingAlpha...

Reply to share your thoughts on this current event.


Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Thailand's Floods And The Yen's Appreciation

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
The U.S. Floods are getting worse GridKing News and Current Events 6 June 24th, 2011 01:44 PM
Appreciation zury Investor/RT 2 June 9th, 2011 04:15 PM
Australia Floods Cause Months, Possibly Years, of Damage Quick Summary News and Current Events 0 January 7th, 2011 03:50 AM
Australian Floods Submerge Towns, Coal Exports Hit Quick Summary News and Current Events 0 January 3rd, 2011 02:50 AM

All times are GMT -4. The time now is 06:55 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-24 in 0.06 seconds with 19 queries on phoenix via your IP