« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

After Six Standard Deviation Jump, USDJPY Intervention Loses 38.2% In 30 Minutes

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 31 Oct 11 10:27 AM | 56 view(s)
Boardmark this board | De's Test Board
Msg. 35989 of 45651
Jump:
Jump to board:
Jump to msg. #

UPDATE: USDJPY now +4.5% - over 7 standard deviations - almost 400pips (and 450 pips in EURJPY). ES still hovering at Friday's lows though!

Thanks to Mr. Azumi's clearly unique (and Halloween-centric) perspective on Japanese currency fundamentals, USDJPY managed to peak with a six standard deviation move, bested only by 10/28/08 (what a weekend for a 3 year anniversary!!) before all the way back to 1995. However, as always with his unilateral decisions, the market seems to know best and we have already given back over 38% of the drop. Interestingly, broad risk markets have not enjoyed this move at all as correlations are not helping the Japanese cause and ES continues to leak lower.

Comments: 76
Reads: 6,679

http://www.zerohedge.com/news/after-six-standard-deviation-jump-usdjpy-intervention-loses-382-30-minutes




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next