小日本搞什么？

jy1029

日本在卖日元，美元涨起了来
Yen slides after Japan intervenes to curb its rise

HONG KONG (MarketWatch) — Japan intervened in the foreign-exchange markets Thursday to curb the yen’s strength, prompting a sharp pullback in the local unit a day after Switzerland acted to push down its own currency.

The action marks the first instance of Japanese forex intervention since the aftermath of the devastating March 11 earthquake.

Japanese Finance Minister Yoshihiko Noda confirmed the government acted alone to curtail the yen’s rise, unlike in March, when local authorities acted in concert with their counterparts from the Group of Seven leading economies to keep the yen from appreciating further.

The Bank of Japan said separately that the Finance Ministry’s action “will contribute to stable price formation in the market.” The central bank also cut short a two-day meeting of its board and said the decision will be announced later on Thursday, one day earlier than scheduled.
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In Tokyo morning trading hours, the U.S. dollar /quotes/zigman/4868099/sampled USDJPY +2.57%  soared to ¥79.08 from ¥77.04 just minutes before the intervention news broke. The dollar-yen pair fell below the ¥77 during North American trade Wednesday.

Sue Trinh, director and senior currency strategist at RBC Capital Markets, said the intervention would likely put a floor under major currencies versus the yen, but the Bank of Japan’s objectives and supply-demand still favor yen rallies.

“Japanese authorities are trying to limit the yen strength, not cause an outright weakness — a very important difference. From that perspective, yen gains are likely to slow,” she said.
Swiss lead the way

The Japanese authorities’ intervention came one day after the Swiss National Bank cut its key lending rate to a narrower range around zero and took other measures to prevent the Swiss franc from rising further. Read full story on the Swiss National Bank’s actions.

Trinh said the Swiss actions “probably gave the Japanese authorities a green light” to engage in Thursday’s intervention.

Other major currencies also jumped sharply against the Japanese currency after the intervention, with the euro /quotes/zigman/4868097/sampled EURJPY +2.43%  soaring to ¥113.00 from ¥110.44, while the Australian dollar jumped to ¥83.90 from the day’s ¥82.69 low.

Meanwhile, the Bank of Japan was also expected to complement the Finance Ministry’s action to prevent the yen’s rise later in the day, with Noda saying he was “convinced” that the central bank will “take appropriate action in a timely manner.”

Reuters cited a source familiar with the central bank’s thinking as saying that the BOJ was set to announce an increase in its ¥10 trillion asset-buying program.

Diver

Japanese new QE to encourage carry-trading?

jy1029

already 2% incluse. it will kills ppl like xing, who is shorten dollar

Diver

Tomorrow stock market may plunge again due to $USD rallies.

Look at Money flow data today. Some people seem having already known BoJ would intervene the Forex market AH. News leaked?

weigoodone01

前两天就有消息说会干预了。