Has now completely reversed the NIRP thrust....
Back under the 118.40 pivot again....
USD JPY
Started by
K Wave
, Feb 03 2016 10:25 AM
3 replies to this topic
#1
K Wave
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Posted 03 February 2016 - 10:25 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
SilentOne
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Posted 03 February 2016 - 10:32 AM
So noted last week. That's why I suggested a change of character was occurring with the gold miners. Look at the base formed by the Yen in the last year ...
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
K Wave
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Posted 03 February 2016 - 10:44 AM
That move from Japan felt desperate, like when they ban short selling. You get the initial knee-jerk higher, and then the selling resumes in a bigger way....
USDJPY very close to crash zone now....Or Yen rocket launch if you prefer to look at it that way...
If they cant get USDJPY back over 118.40 pretty soon and make it stick, could get real violent in the very near future
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
dougie
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Posted 03 February 2016 - 04:22 PM
LONG time since we got above 50WMA
