Ares
20th October 2010, 09:29 AM
Are banks merely using today's TIPS monetization proceeds as collateral to short the crap out of the dollar? Or is this a typical "take out the stops" shakedown: one look at the USDJPY below tells you all you need to know about who is winning today's FX offensive.
<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/USDJPY%2010.20.jpg"/>
http://www.zerohedge.com/article/dollar-breaks-usdjpy-falls-15-year-low-8084
<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/USDJPY%2010.20.jpg"/>
http://www.zerohedge.com/article/dollar-breaks-usdjpy-falls-15-year-low-8084