The Phaserl


Bank Of Japan Intervenes In The Market To Smash Yen After Nikkei Crashes 700 Points

from Zero Hedge:

Nikkei futures rallied post-Fed into the Japaense open (despite weakness in USDJPY) and then when trade data struck (and exposed the utter failure of competitive devaluation), everything went into freefall. The Nikkei crashed 700 points and USDJPY plunged to its lowest since QQE2… and then  – on cue – “someone” started panic selling JPY…


…. which prompted us to summon the cartoon character at the head of the BOJ as follows:

And sure enough, just moments later right on cue  “someone” started panic selling JPY, sending theUSDJPY soaring higher by over 100 pips.

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