Yep, that's right SG...once they jump on a trend, it can last a very long time. Case in point is the trillions of yen they sold off to drive UJ up to highs along with the other yen crosses as they devastated their own currency. Now, the market seems intent on teaching them the most valuable lesson of all...massive intervention can only work for so long before the market punishes you for your efforts, even if it takes a few years. The Swiss learned that lesson the hard way. I still remember when they came out with the peg on Euro Swissie and claimed they had "unlimited" funds to hold it there...LOL! No government has unlimited funds and eventually the peg got trashed because they were going broke trying to hold it.
I'm quite sure we're going to be feeling the pain here in the US as well once the market unravels all of the huge stimulus and near zero interest rates for so many years. Folks will flock to the dollar like white on rice and sell everything else in their path.
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