From ZH: jpy intervention

NexusFi · 2011-10-30T21:58:12-04:00

Update: It's Official AZUMI SAYS JAPAN INTERVENED IN THE CURRENCY MARKET AZUMI: JAPAN WILL CONTINUE TO INTERVENE UNTIL HE'S SATISFIED AZUMI SAYS INTERVENTION WAS DUE TO STRONG SIGNS OF SPECULATION - thank god Mrs Watanabe is not speculating on the short side. Just in time for the MF Global news, we have what appears the latest Yentervention episode, as the USDJPY has just soared over 250 pips.We have no confirmation as of yet and could be merely a risk off move on the MF Global headlines. Or, potentially, …

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Updated October 31, 2011

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From ZH: jpy intervention

October 30th, 2011, 09:58 PM	#1 (permalink)
kbit Aurora, Il USA Elite Member Experience: Advanced Platform: TradeStation Trading: futures Posts: 5,854 since Nov 2010 Thanks Given: 3,295 Thanks Received: 3,364	Update: It's Official AZUMI SAYS JAPAN INTERVENED IN THE CURRENCY MARKET AZUMI: JAPAN WILL CONTINUE TO INTERVENE UNTIL HE'S SATISFIED AZUMI SAYS INTERVENTION WAS DUE TO STRONG SIGNS OF SPECULATION - thank god Mrs Watanabe is not speculating on the short side. Just in time for the MF Global news, we have what appears the latest Yentervention episode, as the USDJPY has just soared over 250 pips.We have no confirmation as of yet and could be merely a risk off move on the MF Global headlines. Or, potentially, was MF short a few yards of USDJPY and now that the end is in sight, is promptly unwinding all legacy positions? And longer term [IMG]http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/20111029_JPY.png[/IMG] Chart: BBG

Last Updated on October 30, 2011