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 »

This morning, I published an article about how talk of BoJ intervention is keeping USD/JPY above water:
There is a lot of talk this morning that the Bank of Japan is checking currency rates. The Japanese Yen has continued to rise over the past 24 hours and by checking rates, the central bank is keeping [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast, Japanese Yen, Yen Intervention, boj intervention, forex blog 3 Comments »

Here’s a clip of the interview that I did with Bloomberg Television last night about where currencies are headed:
Click on the image to watch the video

Posted in Bloomberg, Currency Intervention, Forex, Forex News, Forex Podcast, Forex TV, Japanese Yen, Yen Intervention, forex blog No Comments »

US retail sales and producer prices were basically in line with expectations but that does not undermine the fact that the data was very weak and confirms that the Federal Reserve will be cutting interest rates by 75bp next week. USD/JPY hit a 13 year low last night after news that the automaker [...]

Posted in Bernanke, Black Friday, Crude Oil Prices, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex News, US Dollar, US Economy, Yen Intervention, consumer spending, dollar rally, dollar record low, eur/gbp, eur/gbp record high, forex blog, retail sales, usd/jpy, usd/jpy intervention, zero interest rates 7 Comments »

- Even G7 and Retail Sales Can’t Help the US Dollar
- Stronger Economic Data Keeps Euro Near its Highs
- British Pound Rallies on Surprisingly Strong Inflationary Pressures
Even G7 and Retail Sales Can’t Help the US Dollar

The US dollar has strengthened against all of the majors but the degree of strength is marginal considering the changes [...]

Posted in Bank of England, Bank of Japan, Bloomberg, British Pound, FX Radio, Fed Rate Cut Expectations, Federal Reserve, Forex Podcast, G7 meeting, Interest rates, Intervention, Japanese Yen, Wall Street Journal, Yen Intervention 2 Comments »