Forex rebates on every trade - win or lose!

Blimey. I was only joking. How do you do that?

Hope those are Rennies in your pocket, Mikey ;)

Does this have anything to do with anything?

Japan orders navy ships home

Prime Minister Yasuo Fukuda is caught between close ally Washington, which is pressing for enactment of a new bill to allow Japan's navy to keep providing free fuel for U.S. and other ships patrolling the Indian Ocean, and a resurgent opposition set on blocking new legislation now before parliament.

This is just awesome!

I doubt it's anything to do with a few ships, Chocopops. It's like someone turned all the lights out at midday.

It's being put down to an unwinding of the carry after sub-primed reared it's head again.

Edit: Also comments from Fukui.

11/1/2007 6:27:22 AM The Bank of Japan Governor, Toshihiko Fukui said Thursday, that the central bank will decide monetary policy, while carefully watching financial market moves, as well as economic and price conditions at home. He was deposing before the Upper House Monetary, Fiscal and Financial Policy Committee.

"As for the pace of increases, we will make them based on improvements in the economy and prices, without any forgone conclusions," Fukui said.

The BoJ conducts monetary policy based on economic and price conditions, the governor pointed out. Unless analyzing the financial environment as a whole, it would be difficult to make a good decision, he added.

Fukui expressed hope that the economy will continue to pursue an expansionary path, maintaining a virtuous cycle of production, income and spending.

The governor reiterated that the central bank was committed to gradually raising interest rates as economic growth and prices demand.

On Wednesday, the BOJ policy board decided to leave the interest rate unchanged at 0.5% by an 8-1 vote. It was in February, that the central bank last raised interest rates for the second time in six years.

Fukui, who is expected to retire in March next year, has been keen to raise the interest rate, as it was considered to be the lowest among developed countries and unreasonably so.

He was concerned that lower borrowing cost will lead to fund misallocation and asset bubbles especially in stocks and real estate. A correction at later stage will have a damaging effect on the economy.

However, the weaker economic data and the prevailing uncertainty in the financial market have held back the Policy board from revising the rates since February.

Well my platform twinkled like fairy lights :)

Did somebody call?

It's nice to see you're alert, Delboy.













'cos Britain needs lerts.

:o)

Wondered when you might flash by ;)

This is some ride :)

You on that GBP JPY bronco Choccy?

Just finished work, no time for any quickies today. Lots of paperwork now before I go home so will keep watching cable I think.

It's been an absolute pussycat, flossie :)

I should have never let you know my real name. Always a mistake :-)

lovely moves on the forex this morn, very impressive, great entry sigs too,
is it usually this trendy after rate news?

The Yen is well known as the best trending currency, Ruth. It'll trend easily with or without news and you nearly always get a good signal in early London trade.

Yesterday morning was the odd exception, when it ranged until midday before it broke humungously. So much so that Chocopops spilled her Chocopops in her excitement and Doris nearly choked on his sushi.

Edit: Friday afternoon is normally not the place to be with the Yen, as it winds down for the weekend. It is the place to be for cable though.

Daisy: Commodity prices easing so should the AUD and NZD, so having lamb for lunch, hope that helps!

Hils, im looking at both eur jpy and gbp jpy, both lovely this morning, every time frame on both is bullish at moment , the buy sigs are proving fantatically reliable , going to be really getting into this next week, looking forward to it, i love a new challenge,

10am call today :)

You mean you won't be trying the Witchetty Grubs and Skippy 'Nads, Doris?