FOREX TRADERS

[Relentless Despot]

Japan is talking quantitative easing merely a week after our Fed issued the same warning I mean update.

This is the materialisation of the "Currency War" that has been a headline on just about every website that is not "Mainstream" for weeks if not months now.

This goes back to my concerns a couple weeks ago when Japan claimed they were intervening into forex by selling yen. My concern was how successful they could be when the states were opposed to increasing the value of the buck.

Another seemingly unrelated issue that as luck would have it.. IS related, is the recent decision to halt foreclosures. There is a fairly severe problem with the paperwork involved with the transfers of the loans from one bank to another.
End result is banks go tits up because they can't legally prove they own the loans..
Dollar dies a remarkably quick death.

So it would seem that my initial impression that Japan would have no luck in devaluating it's currency in comparison to the buck would be spot on for the moment.