Monday, October 31, 2011

Currency Wars: Massive Yen Intervention Underway

The wars continue - and will contuine as every major country tries to devalue its currency. The Bank of Japan has intervened on the Yen, dropping its value by nearly 4% at one point.

I bought FXY puts late Friday. We shall see today.

Chart 24h by INO Technical Trend Analysis Tool.

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