Sunday, October 30, 2011

Bank of Japan Intervenes, Yen Goes from 75.32 to 79 Yen per US Dollar

Bank of Japan has successfully cheapened the currency for over two hours now. According to the reports BOJ continues to intervene throughout the day. It hit the highest ever of 75.32 yen to the US dollar earlier. BOJ's intervention reversed the move, and yen dropped 3 yen in 30 minutes.


Anonymous said...

Chart mixup with Reactor 2&3 new releases?

Maju said...

And why so? Have suddenly speculators realized how bad are the economic prospects for a country which is so poisoned by radiation? Why not yesterday, three months ago, the next week? What's the trigger?

arevamirpal::laprimavera said...

@anon, LOL.

@Maju, it looks the trigger was simply the highest yen ever hit in the pre-market in the oceania market.

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