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CluelessStockJunkie

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CluelessStockJunkie

Re: None

Tuesday, 08/24/2010 9:21:34 AM

Tuesday, August 24, 2010 9:21:34 AM

Post# of 16
Time to short the Yen:

http://www.marketwatch.com/story/yen-soars-against-dollar-euro-despite-warning-2010-08-24?dist=beforebell

Japan's yen soars against dollar and euro

LONDON (MarketWatch) -- The Japanese yen flexed its muscles Tuesday, soaring to multi-year highs on the dollar and the euro despite a warning from Japan's finance minister that the currency's rise could create economic instability.

Minister Yoshihiko Noda, in a news conference, declined to comment on the potential for Japanese intervention in the foreign-exchange market, which traders took as a green light to sell the dollar and the euro against the yen, strategists said.

In the final arena, there will be no judges,
Only witnesses to my greatness.

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