Japan's finance minister prepared to take action on yen

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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superfrank
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Joined: Fri Aug 14, 2009 8:28 pm

http://www.bbc.co.uk/news/business-15425397

it hasn't really moved the market much at all. remembering what happened when the Swiss followed through on their warnings very aggressively then I think it could pay to keep short the Yen for the foreseeable?
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superfrank
Posts: 2762
Joined: Fri Aug 14, 2009 8:28 pm

'hope you took my advice!...

Japan intervenes in currency markets and yen weakens 5%
http://www.bbc.co.uk/news/business-15516935

this is an example of why I think just trading technicals is not enough (especially these days when markets are being manipulated by central banks).

you don't have to be an expert but knowing something of the big picture can help.
Iron
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Joined: Fri Dec 11, 2009 10:51 pm

USD/JPY 4 hour chart
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