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 »

The Japanese have finally done it! Yesterday, I wrote that “even if Kan was not actively considering physical intervention to weaken the Yen before the elections, he will have warmed to idea when he wakes up in the morning and finds USD/JPY trading below 83.”
Warming to the idea was apparently an [...]

Posted in 2010 japanese yen forecast, Japanese Yen, Yen Intervention, forex blog 3 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 »

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 »

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 »