Heh heh heh... berikut adalah news yang kita petik dari pokok jambu belakang rumah pagi-pagi di subuh hari......
Japan intervened in the Foreign Exchange Market on Wednesday, selling yen to try and halt the currency’s ruthless rise. The intervention was the first in six years, as the yen’s rise threatened an already fragile recovery and exporters. Japan’s Prime Minister, fresh from a party leadership contest victory, stepped up efforts to fight deflation by targeting yen strength, which has hurt stock prices and corporate profits.
Meanwhile, a senior official at the Ministry of Finance said on Wednesday, that Japan’s intervention in the foreign exchange market is not finished. He continued to say that an “intervention is not finished after one move”. Finance Minister Yoshihiko Noda said Japan intervened in the currency market as the impact of the yen's rise on the economy could not be ignored and that Japan would continue to take action, but that it had been acting solo.
Estimates on how much yen selling Japan had done so far ranged widely. Dealers cited talk of 300-500 billion yen ($3.6 billion-$6 billion) although some reports put it closer to 100 billion yen.
The intervention pushed higher-yielding currencies such as the euro, sterling and Australian dollar up more than 2 percent higher against the Japanese currency, however traders believe Japan didn’t buy anything but dollar.
The dollar is up 2.83 percent to 85.39 versus the yen, from 82.87 prior to intervention, while the euro climbed up to 110.97, 2.80 percent, against the yen.
Yesterday, our pokok jambu recorded almost 3.5 percent gain, mostly attributed to the increase in volatility on better than expected Retail Sales figures from the US. We should expect more gains today, as talks of Japan intervening again to sell yen, continue to increase volatility in the Forex market.
Good Day,
Buy at support
Sell at resisten
Japan intervened in the Foreign Exchange Market on Wednesday, selling yen to try and halt the currency’s ruthless rise. The intervention was the first in six years, as the yen’s rise threatened an already fragile recovery and exporters. Japan’s Prime Minister, fresh from a party leadership contest victory, stepped up efforts to fight deflation by targeting yen strength, which has hurt stock prices and corporate profits.
Meanwhile, a senior official at the Ministry of Finance said on Wednesday, that Japan’s intervention in the foreign exchange market is not finished. He continued to say that an “intervention is not finished after one move”. Finance Minister Yoshihiko Noda said Japan intervened in the currency market as the impact of the yen's rise on the economy could not be ignored and that Japan would continue to take action, but that it had been acting solo.
Estimates on how much yen selling Japan had done so far ranged widely. Dealers cited talk of 300-500 billion yen ($3.6 billion-$6 billion) although some reports put it closer to 100 billion yen.
The intervention pushed higher-yielding currencies such as the euro, sterling and Australian dollar up more than 2 percent higher against the Japanese currency, however traders believe Japan didn’t buy anything but dollar.
The dollar is up 2.83 percent to 85.39 versus the yen, from 82.87 prior to intervention, while the euro climbed up to 110.97, 2.80 percent, against the yen.
Yesterday, our pokok jambu recorded almost 3.5 percent gain, mostly attributed to the increase in volatility on better than expected Retail Sales figures from the US. We should expect more gains today, as talks of Japan intervening again to sell yen, continue to increase volatility in the Forex market.
Good Day,
Buy at support
Sell at resisten
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