USD/JPY Volatility, Yen Intervention Rumor Was Sold, Dilute The SOB BoJ

Look at USD/JPY (US Dollar/Japanese Yen) volatility tonight. Traders bought the Bank of Japan Yen intervention rumor and sold the news, hard.

"The BOJ will boost the amount of funds in the facility by 10 trillion yen ($116 billion) to a total of 30 trillion, the bank said in a statement after an emergency meeting in Tokyo. Governor Masaaki Shirakawa led the gathering after cutting short a U.S. trip in the wake of increasing calls from politicians for the BOJ to help stem a surge in the yen to a 15-year high." (read full article at

USD/JPY swung between 85 and 86 and the Nikkei closed +1.76%. Also read: Yen Erases Loss on Concern BOJ's Steps Not Enough to Curb Gains ( USD/JPY would be a decent long if it broke through that downtrend line. It is testing critical support from December (chart after the jump). Dilute the SOB BoJ!

USD/JPY (US Dollar/Yen) -

Related Posts


HTML Comment Box is loading comments...