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Dude, where's my weaker currency? After the BOJ gives the market what it wanted in the form of a...

Dude, where's my weaker currency? After the BOJ gives the market what it wanted in the form of a 33% bigger QE program, the yen gets even stronger, the greenback off 0.4% to ¥80.67. "The leopard doesn't change its spots," says Tim Condon, "(The BOJ) doesn't view monetary accommodation as a cure capable of reversing Japan's deflation."
Comments (4)
  • worriedwart
    , contributor
    Comments (678) | Send Message
     
    AS I posted, the BOJ must be waiting for technical reason like Y 78/79 so that it can justify their "Atomic bomb" message of 50 trillion Y being dropped into the system within a month or 2

     

    fd: short Y
    27 Apr 2012, 11:40 AM Reply Like
  • largelyPolitical
    , contributor
    Comments (19) | Send Message
     
    Short? Lots of dead traders on the side of the road that have shorted Japan's bond market and currency...Risky, but I like the trade as well and shorted two weeks ago by going long YCS. It is soooo manipulated it is hard to say how bad..
    27 Apr 2012, 04:23 PM Reply Like
  • bakkbakk
    , contributor
    Comments (280) | Send Message
     
    Cant this thing just go back to the highs so we can start over. Thanks bernanke and lazy ass BOJ. Their whole "plan" was to acheive a 1% inflation and keep it there. So what is their plan? Try to acheive a 1% inflation by the end of the year (2014) That BOJ stance is a stern slap in the face of the GOJ. Not sure how much longer the GOJ will put up with their lackluster policy compared to what the gubbmint wants..So what happens? they get to buy 10 trillion yen in assets for free in respect to their currency. How much can a currency drop in one day?? Ill just be patiently waiting on the sidelines until it stops hugging the trend lines because this situation is rediculous.
    27 Apr 2012, 04:41 PM Reply Like
  • bakkbakk
    , contributor
    Comments (280) | Send Message
     
    On the other hand, whoever is keeping this crap up, will cause Japan to be in the spotlight much much sooner than they have to. Keep shootin' for 240% gdp BOJ cuz you'll get there.
    27 Apr 2012, 04:51 PM Reply Like
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