The Bank of Japan said explicitly last night that their intervention will NOT be sterilized. This is VERY good because it gives their intervention efforts a greater chance of succeeding.
Intervention by central banks is one of the most important short-term and long-term fundamental drivers in the currency market. For short-term traders, intervention [...]

Posted in Bank of Japan, Intervention, Japanese Yen, forex blog No Comments »

18 March 2011 - Statement of G7 Finance Ministers and Central Bank Governors
We, the G7 Finance Ministers and central bank governors, discussed the recent dramatic events in Japan and were briefed by our Japanese colleagues on the current situation and the economic and financial response put in place by the authorities.
We express our solidarity with [...]

Posted in Intervention, forex blog, japan quake yen 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 »

Intervention by central banks is one of the most important short-term and long-term fundamental drivers in the currency market. For short-term traders, intervention can lead to sharp intraday movements on the scale of 150 to 250 pips in a matter of minutes. For longer-term traders, intervention can signal a significant change in trend because it [...]

Posted in Intervention, sterilized intervention, unsterilized intervention 7 Comments »

I was on the Business News Network this morning talking about today’s developments including the Japanese elections, the prospect of intervention, the UK CPI numbers, the reason why euro is weak and U.S. retail sales. Click on the image to access the Video

Posted in 2010 eurusd forecast, 2010 eurusd forecasts, 2010 japanese yen forecast, British Pound, Intervention, Japanese Yen, eur/usd, forex book 1 Comment »