YEN at extremes

rffrydr · Posted: Mon Oct 16, 2006 8:07 am Post subject: YEN at extremes

120 has been respected in the face of record shorts. Russia announces diversification of reserves to yen today.

http://today.reuters.co.uk/news/articleinvesting.aspx?type=economicIndicatorsNews&storyID=2006-10-16T125510Z_01_L16563659_RTRIDST_0_MARKETS-GLOBAL-WRAPUP-4.XML&WTmodLoc=Business-C5-Economics-2

And any rate-hike before March would be a surprise at this point. This has been the rally that wouldn''t stop dying. But I wouldn't sell it short.
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rffrydr · Posted: Fri Feb 24, 2012 9:57 am Post subject:

EUR/YEN: Big laggard here, waiting 'til will into the year...but showing nice "V" bottom on weekly.

http://www.fxstreet.com/rates-charts/live-charts/
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rffrydr · Posted: Tue Feb 21, 2012 5:32 pm Post subject:

Buying the Mazda rights offering. Shocked

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Today is the Tomorrow you worried about Yesterday!

rffrydr · Posted: Tue Feb 07, 2012 1:25 pm Post subject:

The strong yen will take Y190bn off this year’s profits, Toyota said. That is three times the estimate made last August and the biggest factor for the profit warning last month.
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rffrydr · Posted: Sat Feb 04, 2012 6:31 am Post subject:

No recovery here--but a reversal yes:

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1328357806068&chddm=41004&chls=IntervalBasedLine&q=TYO:7261&ntsp=0

http://www.businessweek.com/news/2012-02-04/mazda-considering-capital-increase-after-mounting-losses.html

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rffrydr · Posted: Tue Jan 17, 2012 8:27 pm Post subject:

Trade-weighted Yen at all-time nominal highs. Of course everything japan needs to be "adjusted" for de-flation. Another round of sales, si vous plait?
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rffrydr · Posted: Tue Dec 06, 2011 4:58 pm Post subject:

Toyota now selling to Korea from...US.
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rffrydr · Posted: Fri Nov 04, 2011 7:21 am Post subject:

Nissan moving HQ to HK.
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rffrydr · Posted: Tue Nov 01, 2011 9:32 am Post subject:

euro/yen at levels before intervention. This should clam-up eurocrats (false) protestations. By no way shape or form can yen and swiss franc sales be considered a "currency war."
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rffrydr · Posted: Mon Oct 31, 2011 6:34 am Post subject:

Panasonic posterboy for yen/won rate and the knife in the heart of japanese company earnings that can lead to:

http://www.businessweek.com/news/2011-10-31/panasonic-forecasts-biggest-loss-in-decade-on-yen-tv.html

That there's a G20 event this week just show how little credence japan gives this "body" to actually do anything. Co-ordinated Yen selling would have been the least it could muster--and it should have gotten the ball rolling last month. With luck, the unemployment number will make them go away.
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rffrydr · Posted: Thu Oct 27, 2011 7:59 am Post subject:

First ever loss at Nintendo:

http://www.reuters.com/article/2011/10/27/us-nintendo-earnings-idUSTRE79Q1GC20111027

This will continue to be a nice tailwind for ex. japan autos et. al. I would not play catch up with Japan. Maybe FTSE/SP spread for conservatives. Chinese banks for daring. Eurobanks (not preferreds) for headstrong.
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rffrydr · Posted: Thu Sep 08, 2011 10:10 pm Post subject:

Toyota not gonna bring any Camry's anymore, Mazda can't build its Mexico plant fast enough, and Honda doing NO research and development. But fools at G7 believe in "markets":

http://www.bloomberg.com/news/2011-09-09/g-7-signaled-japan-should-get-support-for-selling-yen-oecd-s-tamaki-says.html

Once again G7 shows itself unified in NOTHING. They should joint intervene to remind the world of their power by itself. Fear of failure--great motivator!

The very fact that the industrialized country with the greatest debt burden of all can be the last "safe-haven" in a deleveraging world is enough "economics" to justify action.
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rffrydr · Posted: Wed May 11, 2011 6:32 am Post subject:

rffrydr · Posted: Fri Mar 18, 2011 5:54 am Post subject:

1.41 euro on yen selling and we may just have caught a break on tightening timing. China the main show?
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rffrydr · Posted: Thu Mar 17, 2011 8:43 pm Post subject:

Just like old times.
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HenryTo · Posted: Thu Mar 17, 2011 6:33 pm Post subject:

FYI. Yen down over 2% as I am typing this:
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G-7 countries agee on coordinated currency intervention to support Japan's economy

On Thursday March 17, 2011, 8:26 pm

WASHINGTON (AP) -- Finance officials from the Group of Seven major industrialized countries have agreed on coordinated currency intervention to support Japan's economy following a devastating earthquake.

It will mark the first time the G-7 countries have jointly intervened in currency markets since the fall of 2000.

In a joint statement issued following emergency discussions, the G-7 officials said that the United States, Britain, Canada and the European Central Bank will join with Japan in a "concerted intervention" in currency markets Friday.