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03-15-2011, 04:02 PM #1
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USDJPY Jumps 60 pips In Seconds On Apparent Intervention
USDJPY Jumps 60 pips In Seconds On Apparent Intervention
by Tyler Durden
03/15/2011 13:22 -0400
While we have no confirmation yet, the USDJPY juts jumped by 60 pips from post-earthquake low levels to 81.20 on what appears a Bank of Japan intervention. The last time we had confirmed intervention was on October 31 last year, http://www.zerohedge.com/article/fx-int ... ight-night when the pair was trading at 52 week lows of 81.30. 30 pips from the previous trigger point would makes sense for Shirakawa to say "enough." If this was indeed an intervention, we hope to bring you just how much USD the BOJ purchased. Indicatively, in 2010 each intervention cost the BOJ a few hundred million. And with the effect already wearing off, the half life (pardon the bad pun) on interventions is now the lowest it has ever been.
http://www.zerohedge.com/article/usdjpy ... terventionJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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