October 21, 2011

I will let Peter Tosh Comment on The Dollar Yen at Historic Low Headline


ZeroHedge:  Dollar Yen Plummets To New Post World War 2 Low

Tyler Durden's picture

The USD just dumped across all major pairs after the recent support in the USDJPY at 76.65 was just broken, leading to a huge plunge first in the Dollar-Yen, to a fresh post WW2 lowm and then in all other pairs. It is unclear what is driving this: probably some combination of QE3 expectations and technical trading now that the bottom has been taken out. The signal is irrelevant: it all originates at the central banks these days anyway. Expect imminent chatter of BOJ intervention to protect its exporters.


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