Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Bank Of Japan Intervention Sends USDJPY Soaring

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just like two days ago, when for the first time since 2011 the BOJ intervened directly in the USDJPY market, moments ago Kuroda’s trading desk once again decided to sell a boatload of Yen, with the key carry pair trading at 111.25 and threatening to take out the 110 support, in the process sending the USDJPY higher by 175 pips in a matter of seconds to just above 113.

This is what the targeted move in JPY futures looked like courtesy of Nanex:

The move quickly filtered through to all other asset classes:

  • QUICK JUMP IN YEN, DOLLAR; S&P FUTURES PARE LOSS TO 32PTS

However, just like last time the BOJ’s direct intervention – seen as a last ditch effort when all else fails – the impact is already fading and traders are already counting down how long until the BOJ’s attempt to pull a PBOC is fully faded.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!