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Yen super-trend continues
The dollar continues its downward 30-year super-trend against the yen. The Bank of Japan (BOJ) appears unable to support the dollar at current levels and breakout below ¥80 warns of a decline to ¥70*....
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Japanese yen
The Bank of Japan is taking measures to suppress the yen against the greenback. The long-term chart shows why their efforts are destined to fail: the dollar has maintained a strong down-trend against...
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Japan Eases Monetary Policy in Surprise Move – WSJ.com
By MEGUMI FUJIKAWA And TATSUO ITO TOKYO—The Bank of Japan took surprisingly strong steps to further ease its monetary policy on Wednesday, following similar steps by the Federal Reserve, as it tries to...
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Pimco’s El-Erian: Markets Trading at ‘Very Artificial Levels’| WSJ
Steven Russolillo at WSJ reports: Actions by central bankers across the globe are propping up asset prices to artificial levels that are potentially putting investors at risk, Pimco CEO Mohamed...
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Dramatic fall on S&P 500 – April 16th
Apologies. I deleted this April 16th post by accident. The S&P 500 fell 220 basis points (2.2%) on Monday, blamed variously on disappointing growth figures from China, the fall in gold, and the...
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