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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Crimson Ghost who wrote (36403)7/20/2005 3:49:51 PM
From: futures speculator  Read Replies (2) of 110194
 
Could it be that BOJ is pushing it down as far as possible, trying to squeeze those who have bet on a JPY appreciation?

So BOJ can cover its $320bn (35trillion) of counterfeit money it (BOJ) created during late 2003-1Q2004, to intervene in the forex market? Japan's forex reserves are $850bn in total.

If actual market forces are behind this, then BOJ would be really lucky to find "natural" buyers of USDJPY. But would it be possible that behind this terrible JPY performance is BOJ itself?
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