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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (10320)3/17/2004 1:45:05 PM
From: Jim Willie CB  Read Replies (2) of 110194
 
JYen up to 92.7 now, strong bounce off 89 mark
words flying around that BOJ cannot continue US$ support
they squandered $100B more in Jan & Feb of 2004

huge 208 bpt move today in dollaryen today
wow
in normal years, we might see one or two days where the jyen or euro moved more than 100 bpts
I count at least ten since January 1st
and a few of them included both jyen and euro 100+ bpt moves
we are in the midst of a currency crisis NOW NOW NOW

if BOJ rumors are true, then big implications for import price inflation

I have long witnessed the Japanese Repatriation effect to end in midMarch
right on time, once again
true deadline for repatriation is March31st

/ jim
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