I was on CNBC Power Lunch this afternoon talking about the Japanese Yen and intervention risk.

Posted in 2009 japanese yen forecast, 2010 japanese yen forecast, Japanese Yen, forex blog, japan quake yen, japanese retail positioning, japanese yen record low 1 Comment »

Back from Vegas last night and on the Business News Network this afternoon talking about whether a second round of Japanese intervention will be as effective as the first. Click on the image to access the video

Posted in 2009 japanese yen forecast, Bank of Japan, Intervention, Japanese Yen 2 Comments »

Prime Minister Kan won the elections last night and Yen traders have interpreted his victory to mean a more relaxed approach towards intervention. This may be true when compared to the pro-intervention stance of Ozawa (his challenger) but the rapid appreciation in the Yen against the U.S. dollar AND the Chinese Yuan has also [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Currency Intervention, Japanese Yen, forex blog 14 Comments »

If you have read the international papers, you may know that there are two political developments that is worth paying attention to.
On August 21st, Australia held general elections for Prime Minister and if you recall, the votes were so tight that nearly 2 weeks later, there is still no clear winning. [...]

Posted in 2009 japanese yen forecast, 2010 japanese yen forecast, Australian Dollar, Japanese Yen, aud/usd, election dollar, forex blog, japan elections kan ozawa 6 Comments »

Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:

“There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast 3 Comments »