Wednesday, October 6, 2010

Bank of Japan Fails to Contain Yen: Action Is Imminent

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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