The Japanese Yen

Squashie

I imagine there was quite a ferocious amount of disappointed unaware people today who'd bought Yen over the past couple of months and were waiting for the perfect moment to sell it again. I'd be pretty angry too in fairness with more sudden drops like that in the space of 30 seconds.

Should the Japanese Finance Minister have issued more of a warning to currency traders about what was about to happen? Warnings themselves would have served purpose of diluting the value of the currency.

Edit: Although above said, the live charts show it's already gained most of it's value back against the euro in just a few hours, and a fair amount back against the dollar. So another question to ask perhaps instead is how much are these cash injections really going to help the country in the long run, considering Europe and America make up such a huge percentage of their market?

digitally-yours

Should the Japanese Finance Minister have issued more of a warning to currency traders about what was about to happen? Warnings themselves would have served purpose of diluting the value of the currency.

Currencies are in a state of WAR. who gives warning to their opponents that they are going to pull the trigger

JPY will undo its whole move as their previous interventions haven't worked either. But they have shaken the weak shorts out. They are Protecting their interest like everyone else..

when it comes to currencies its simple

fear and greed


Just pick your levels and trade them its simple

Isoaxe

digitally-yours wrote: »

when it comes to currencies its simple

fear and greed


Just pick your levels and trade them its simple

Why don't you start a hedge fund then if it's so simple?