[roccman]

please assume the crash position...

http://www.dailyfx.com/charts/Chart.html?symbol=USD/JPY

[Tyler_JC]

$this->bbcode_second_pass_quote('roccman', 'p')lease assume the crash position...

http://www.dailyfx.com/charts/Chart.html?symbol=USD/JPY

[ohanian]

$this->bbcode_second_pass_quote('Tyler_JC', '
')The Fed needs to stop trying to re-inflate the housing market and go back to its core job of stabilizing the dollar.

If it means a repeat of the early 1980s recessions, so be it.

[seahorse]

Chart is not opening for me. What does it show?

[ohanian]

$this->bbcode_second_pass_quote('seahorse', 'C')hart is not opening for me. What does it show?

[seahorse]

Thanks Ohanian. That's working for me.

[wisconsin_cur]

help me out guys. so it is falling against the dollar. I thought the dollar was suppose to be tanking on its own? I assume this must have something to do with the carry trade?

So people are selling their dollars, buying yen to pay back the loans that they used to buy bonds denominated in dollars? Are Yen interest rates going up? or is this a sign of how bad off the dollar bond market is?

Someone connect some dots for me?

[steam_cannon]

$this->bbcode_second_pass_quote('', 'T')he Yen - yep unwinding...right on schedule...

[ohanian]

$this->bbcode_second_pass_quote('wisconsin_cur', 'h')elp me out guys. so it is falling against the dollar. I thought the dollar was suppose to be tanking on its own? I assume this must have something to do with the carry trade?

So people are selling their dollars, buying yen to pay back the loans that they used to buy bonds denominated in dollars? Are Yen interest rates going up? or is this a sign of how bad off the dollar bond market is?

Someone connect some dots for me?

[skiwi]

Aussie Dollar dumped on wave of risk aversion

$this->bbcode_second_pass_quote('', 'T')he Australian dollar extended losses, pulling further away from recent 24-year peaks against the US dollar on Monday as risk aversion pushed investors to stay clear of riskier assets and higher-yielding currencies...
..The Aussie fell to its lowest in nearly three weeks against the Japanese yen as investors aggressively unwound risky carry trades and sought safety in low-yielding currencies. The Aussie dived to 95.85 US cents its lowest since February 13 - from 99.19/29 yen late on Friday.

By 9:25am the Aussie slumped to $0.9282/85 from $0.9459/64 on Friday,well below a 24-year high of $0.9498 struck on February 28.

[JohnDenver]

$this->bbcode_second_pass_quote('wisconsin_cur', 'h')elp me out guys. so it is falling against the dollar. I thought the dollar was suppose to be tanking on its own? I assume this must have something to do with the carry trade?

So people are selling their dollars, buying yen to pay back the loans that they used to buy bonds denominated in dollars? Are Yen interest rates going up? or is this a sign of how bad off the dollar bond market is?

Someone connect some dots for me?

[jato]

According to JohnDenver's chart, support appears to be around 100 Yen. Lets see what happens.

[JohnDenver]

$this->bbcode_second_pass_quote('jato', 'A')ccording to JohnDenver's chart, support appears to be around 100 Yen. Lets see what happens.

[Gerben]

The US$ losing value plus low interest rates. Does that mean we can expect a Dollar carry trade?

[MrBill]

$this->bbcode_second_pass_quote('Gerben', 'T')he US$ losing value plus low interest rates. Does that mean we can expect a Dollar carry trade?

[The_Toecutter]

Perhaps for Japan, it will be 1989 all over again, only they never fully recovered from 1989 in the first place.

As for the Fed, what does this say?

Section 8. The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

...

To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

...

[PenultimateManStanding]

I think JD's chart shows that the US/Japanese exchange rate is nothing to fret about. But food supplies, that could be an issue here pretty soon. I really don't think I'm going to like it. You probably aren't going to either.

[Tyler_JC]

$this->bbcode_second_pass_quote('The_Toecutter', 'P')erhaps for Japan, it will be 1989 all over again, only they never fully recovered from 1989 in the first place.

As for the Fed, what does this say?

Section 8. The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

...

To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

...

[The_Toecutter]

$this->bbcode_second_pass_quote('', '.')..And Congress voted to create the Federal Reserve to do the job for them.