Tag Archives: dollar

How Much Yen Did Japan Buy Last Friday?

It’s still amongst the hot topics several days after it happened, understandably. Many of us would still like to know how much yen Japan’s Ministry of Finance bought in its concerted raid with G7 partners, commencing early in European trading … Continue reading

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Thoughts for Japan; and hints on Economic Aftershocks

The saddest news is that there are at least 44 reported fatalities so far from the severest earthquake to strike Japan in 140 years. And it looks inevitable that that number will rise. The 8.9 magnitude quake struck Japan’s northeast … Continue reading

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Portugal Passes Market Test At A High Price

No doubt, Portugal trumped the market with its much anticipated bond auction Wednesday. Those parts of the market which doubted its ability to do that, need to accept the reality of the state’s successful sale. Even so, does anyone believe … Continue reading

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Where Next For The Euro? Wednesday Might Yield The Answer

Those watching keenly will know it’s less than 24 hours before the next important point in the euro sovereign debt crisis. For a quick recap: Portugal will on Wednesday auction a mixture of 3.60% bonds expiring October 2014 and 4.80% … Continue reading

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Backing Off The Forward As Portugal Nears The Edge

Some of you will remember me mentioning the boast of a contact of mine, about the mouth-watering gains they were seeing in an obscure little EUR/USD position entered on 21st November last year. You might recall that 21st November was … Continue reading

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