JPY 01 (May 08 - Oct 11)

[kennynah]

sold new position.... hope can earn some half poached egg

[winston]

There's a parrot on CNBC now that say that the Japanese Yen will go to 75 by year end

TOL: How come on the Forbes List of billionaires, there's no such currency parrot ?

[eauyong]

Another 10% down for dollar!

[kennynah]

lai lah.....tried so many times already to go higher.... c'mon....cheong past 0.012040 and rise

[kennynah]

yen got pushed down rather aggressively in the last 5 mins...

[kennynah]

BoJ cuts rates to 0-0.1% from 0.1% (wow, what a huge cut...50%... )
announces 5trillion Yen funds to bolster economy

so, now we know the reason for the downswing....

[kennynah]

And for those who sold on the above news...well, as of now, they just got fried like KFC chickens...yen rose back to where it dropped off n then gain some more ...

Not that I'm any smarter too.. price dropped, I run until buay hoo... Took my losses n just too bad, it rallied back... Bo pian, part n parcel of reducing risks .. suck thumb

[winston]

TOL:-

JPY now at 83.26. How much has the Japanese government wasted ?

I'm starting to suspect that the Chinese are actually moving some of their USD into the JPY.

They are killing two birds with one stone. Firstly, they are diversifying from the USD. Secondly, they are making the Japanese goods more expensive...

So is it still dangerous to buy the Topix ? And why is my gut pushing me to buy the Topix ?

[kennynah]

japan's ruling party proposes stimulus in excess of 4.8trillion Yen...

market, ignores for the moment..... everyday cry wolf.... who will bother after a while...

[winston]

TOL:-

So how much tax-payer's money. have these "experts" wasted, on trying to defend their currency ?

Makes my blood boil whenever I see tax-payer's money being wasted

If they have instead used those money to build stadiums, to have ceremonies, to burn fireworks, to build bridges to nowhere, to build 8 lane highways where there's no cars, to build ghost cities, to build empty office blocks, to build high speed trains that will take 200 years to break-even etc, at least they would have generated some GDP....