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Causing a quick move higher in the yen and (it's all connected) a few points to come out of...

Causing a quick move higher in the yen and (it's all connected) a few points to come out of stocks is a Nikkei story reporting Tokyo's plans for new rules on forex trading - "intended to protect investors and limit scope for speculation." Firms will be required to settle trades even when traders are ahead, with the fine for a violation as much as ¥100M. FXY +0.5%, DJIA (DIA +0.3%) is up 52 points vs. closer to 90 minutes ago.
Comments (2)
  • Will this have any impact on yen ETFs such as YCS?
    30 May 2013, 05:12 PM Reply Like
  • Buy the dips in USDJPY.
    30 May 2013, 06:02 PM Reply Like
DJIA (DIA) S&P 500 (SPY)