(Reuters)
11:55 BOJ to consider easing policy again in Jan - sources.
Posted 08 January 2013 - 12:02 PM
11:55 BOJ to consider easing policy again in Jan - sources.
Posted 08 January 2013 - 03:22 PM
fwiw, what i just read is the boj is taking its foreign exchange reserves to buy european bonds, thus pushing the yen down against the euroFWIW
(Reuters)
11:55 BOJ to consider easing policy again in Jan - sources.
Posted 08 January 2013 - 05:53 PM
fwiw, what i just read is the boj is taking its foreign exchange reserves to buy european bonds, thus pushing the yen down against the euroFWIW
(Reuters)
11:55 BOJ to consider easing policy again in Jan - sources.
dharma
Posted 09 January 2013 - 10:56 AM
here is a long term chart of the yen http://www.graceland...2013jan9yen.pngfwiw, what i just read is the boj is taking its foreign exchange reserves to buy european bonds, thus pushing the yen down against the euroFWIW
(Reuters)
11:55 BOJ to consider easing policy again in Jan - sources.
dharma
Sure that's what they SAY, but that's not what they DO. The $YEN has the strongest volume at the HIGHS, while the EUR/YEN shows volume at the LOWS. Look at comparitive 200 hr charts, you will see it for yourself.
Very clear.
Posted 09 January 2013 - 01:07 PM
here is a long term chart of the yen http://www.graceland...2013jan9yen.pngfwiw, what i just read is the boj is taking its foreign exchange reserves to buy european bonds, thus pushing the yen down against the euroFWIW
(Reuters)
11:55 BOJ to consider easing policy again in Jan - sources.
dharma
Sure that's what they SAY, but that's not what they DO. The $YEN has the strongest volume at the HIGHS, while the EUR/YEN shows volume at the LOWS. Look at comparitive 200 hr charts, you will see it for yourself.
Very clear.
(just had a deja vu)
dharma
Posted 10 January 2013 - 04:17 PM
Posted 12 January 2013 - 02:18 PM
Edited by beta, 12 January 2013 - 02:27 PM.
Posted 12 January 2013 - 06:34 PM
Edited by beta, 12 January 2013 - 06:39 PM.
Posted 13 January 2013 - 07:30 PM
thoughts on the end-game:
gold-backed RMB--about which there has been much speculation by stephen leeb and others--will be the game-changer imho. China's present efforts to create RMB regional trading blocs (that circumvent USD-denominated trade) appear headed in this direction. in the coming currency war, the initial game will be to lower currencies to drive exports. but once USD index hits 60, the paramount objective will be to become the new global currency reserve to offset/replace the USD. having a (partly) gold-backed floating currency also confers a strategic advantage in global trade: (1) future growth depends less on export-driven GDP and more on domestic market consumption--the long-term goal of FDI-driven capex; (2) outbound acquisition of global assets (i.e., arable farmland, mines, factories, military technology and other productive capacity) will become the mode of economic dominance. goal is to become the new monetary hub of global finance and trade.
meanwhile, escalating tension between China-Japan over Diayou islands is bullish for gold and oil. two are largest creditors to US (T-note holders). Japan already under severe pressure due to weakening JGB market, in which they need to intervene much like US Fed to keep down rates. Japs have zero capacity going forward to be surplus buyers of US T-bills. China is US #1 external creditor. they will be pissed if/when US sides with Japan on Diayou (which US cannot afford politically not to do, without bowing to Chinese regional sovereignty). Fed already buys 70% of current issues, as Bill Gross emphasizes, and Treasury is up against debt ceiling. China's leverage > US is to drastically lower future purchases of T-bills. not in their interests to cause a panic sell-off, but they will gradually diversify into gold reserves for the inevitable decline in USD/T-bills ... yikes.
"those who have the gold ... make the rules"
Posted 14 January 2013 - 05:45 PM
Edited by beta, 14 January 2013 - 05:52 PM.