Another day, another failure. This is the latest chart of the Yen, as of 7AM:
Please click to enlarge
It was a new record high around 4AM:
You can expect the BoJ to invervene at any time.
The ETF to use is FXY. Straddles!
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
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