Yap, BoJ stepped up USDJPY in asia. I'm liking this currency wars. The system is so broken... Took a USDJPY long @76.50 lot size 0.2, TP - open. Not my type of trade but easy money chance. Poleni u couldn't participate since it was wee hrs @ KE...

Also took a long USDSGD @ 1.2420 lot size 0.5, TP - 1.3000. If you can trade rands, an opportunity will setup soon on USDZAR. This cross will surpass 8.50 and may test 9.00. There's a lot of smold on the SA econ which will unravel in Q4 & into 2012. It will be a shorting magnet soon.

@Qw - look at the euro meltdown in asia after 2 days of hopium bailout. Very weak hopium drug... Waiting for London session as EURCHF threatens to break below 1.2000 - the SNB's intervention guard rail. Look for USDCHF long for that intervention play.

I continue to fancy the dollar since a squeeze sign has been flashing since July. That dollar index will test 85, before things settle down.

Germany, France back SNB chief to lead FSB... So the interventionist (Philipp Hildebrand) is going to be given the job of managing the Financial Stability Board (FSB). The current chief (Mario Draghi) will now head ECB. The circus of this monetary system...!

http://www.reuters.com/a...sb-idUSN1E79T05Y20111030

@QW - the days when BoJ could launch supercharged bazookas is long gone. After GFC, they're a spent force. Throw in the nasty March earthquake, and you begin to see no hope...

EURUSD looks set to take 1.3800 support. This thing will crash down to 1.3650 if no bids offer support. When that happens AUDUSD & NZDUSD will be sold hard. Looking for those aussie & kiwi shorts.