I didn’t post anything for a very simple reason. It was my birthday and I had some people over. Being a considerate host, I chose to keep them company rather than leave them alone. With this bunch, you want keep an eye on them…. Just kidding, great friends.
Bank of Japan cut interest rates from 0.5% […]

Word for the day are rate cuts. Cuts, cuts and more cuts. FED lowered the rate to 1%, China to 6.66% and there is talk from Japan about possible drop of the rates, although BOJ doesn’t have all that room to maneuver, since there is not much in term of rates to begin with. And, frankly, now […]

No sooner possible intervention in Yen was mentioned, prices bounced, and hard. This is exactly what BOJ hopes to accomplish, without actually committing any money. But make no mistake, this was not an intervention. They look completely different. Out of the blue price start jumping 40, 50 or more pips in single ticks, liquidity dries […]