AUTOREFRESH 
Imitation the sincerest form of flattery?
By Jamie Coleman || October 31, 2011 at 17:23 GMT
|| 3 comments || Add comment
If so, I guess I’d like to be imitated by the WSJ…
ForexLive at 11:35 New York time:
The interventions seem to be little more than targeted bailouts to the exporters, these days. Here we are at the end of the month and the BOJ gooses spot to give the Honda’s and Toyota’s a better level to sell, essentially socializing private losses.
The Japanese government intervened heavily in the currency market, throwing the country’s exporters a lifeline just as many of them are reporting bad earnings and plans to move production overseas.
Today’s conventional wisdom two hours ahead of the big guys, I guess.
Hopefully we read Forexlive!
Don’t need to bother about the main media, ehehe.
Forexlive.com is my home page.
I would say it is indeed the sincerest form of flattery. Thanks Jamie!
http://www.forexlive.com/blog/2011/10/31/looks-like-boj-are-going-to-try-and-keep-usdjpy-above-79-20/
Charles on October 31st, 2011 03:57 GMT
It’s all about giving the major exporters some relief and a bit of a break for month end…