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BOJ Kicks Yen Longs in the Nuts….

Posted by Dino on September 15, 2010

The Bank of Japan kicked Yen longs in the nuts intervening in the currency market, sending Yen Futures down nearly 2.5% and send the Nikkei up the same magnitude.

http://stk.ly/asuoIf

Not too many have faith in the BOJ’s efforts though….

http://www.scribd.com/doc/37458415/Bofa-BoJ

Courtesy of @zerohedge

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Posted in Currency | Tagged: , | Leave a Comment »

 
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