SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (15441)11/10/2004 7:09:21 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
Dollar will not collapse if the BOJ has anything to say about it. Yen plunged over 1% today on speculation about renewed BOJ selling.

A senior Japanese official was quoted as saying the BOJ would intervene if the value of the yen veered too far from "fundamentals."

So much for the idea of a free market. God like bureaucrats know what values "should" be and will intervene to force appropriate market adjustments. And this applies just as much to the Fed as the BOJ IMHO.



To: russwinter who wrote (15441)11/10/2004 8:20:32 PM
From: mishedlo  Read Replies (4) | Respond to of 116555
 
What makes you think they do not want a weaker $?

They do not want a panic lower $ but they do want a weaker one IMO.

Bear in mind that Japan and Europe do not. Have you heard all the bitching from the EU lately?

Please tell me who wants a strong currency.
Not China either.

Mish


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News