Thread: Yen soars to 15-year high against dollar- HAHAHAHAHAHA

Dollar vs. Yen

Yen soars to 15-year high against dollar

Tuesday, August 24, 2010

NEW YORK (CNNMoney.com)—The Japanese yen surged to a fresh 15-year high against the U.S. dollar Tuesday, after the Japanese government failed to say it would take steps to curb the currency’s strength amid growing concerns about the pace of the recovery.

What prices are doing: The greenback fell more than 1% against the Japanese yen to ¥84.16 early Tuesday, before paring back some of those losses to trade around ¥84.30.

It was the dollar’s lowest level against the yen since 1995. The euro, meanwhile, fell to its lowest level against the yen since 2001.

http://canadafreepress.com/index.php/article/26921

You better wake the HELL UP America ... and Oh.. that laugh was of pure FEAR

Tuesday, August 24, 2010

Japan's Finance Minister Threatens Yen Intervention to Halt "One-Sided Movement"

Japan's Finance minister is waving the "currency intervention flag" hoping to halt the Yen's rise. Given that markets do their best to apply pressure exactly where it is not wanted, this flag-waiving exercise practically guarantees intervention will follow.

Will it do any good? Of course not. Moreover, one has to laugh at finance minister's proclamation that the Yen's move is "one-sided". Is there any other kind of move? Generally one cannot go left and right at the same time, can they?

Please consider Noda Signals Japan’s Preparedness to Act on Currency http://noir.bloomberg.com/apps/news?pid ... _5P4Do9vFM

Japanese Finance Minister Yoshihiko Noda said he is prepared to take “appropriate action,â€