Friday, September 24, 2010

This seems to be the phantom behind today's move

This is also why 3C would not have seen it, it's something they do not want to admit, so they certainly wouldn't have given Wall Street a head's up.

BOJ Intervention for the second time, which sends the dollar plummeting-




$JPY: Kyodo New is citing an unidentified market source for reports Japanese authorities intervened again.

Read more at: Forex @ DailyFX - Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz10TRjehjx

$JPY: The move to intervene now may have to do with markets being closed for the Autumn Equinox holiday, creating thin liquidity conditions

Read more at: Forex @ DailyFX - Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz10TRrpFxR

$JPY: We noted interventions may come either Mon or today around Japanese holidays in our weekly fundamental monitor: http://bit.ly/9BuMIL

Read more at: Forex @ DailyFX - Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz10TRxfesn

BLOOMBERG: JAPANESE GOVERNMENT OFFICIAL DECLINES TO COMMENT ON FX INTERVENTION

Read more at: Forex @ DailyFX - Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz10TS17csp

$JPY: Japanese Yen Plunges on Second Intervention - http://bit.ly/9BuMIL

Read more at: Forex @ DailyFX - Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz10TS5TGne

JAPAN INTERVENES IN YEN AGAIN, SAYS KYODO NEWSPAPER
Posted by Brandt at 2:57 PM

2 comments:

Mr Pink said...

Er? But that was known about last night (caused the NIKKEI to spike 100 points, still went down at the end).

We've had a whole days trading since.

September 24, 2010 at 3:01 PM
Brandt said...

Two other countries jumped in. I'd think if Wall Street wanted the market higher, they's support the 2 breakout attempts, instead we see major selling in every major stock -huge red volume. I think this is a surprise for more then just us.

September 24, 2010 at 3:11 PM

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