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• The Chocolate Tsunami:

• 
  Graham Maxfield    Premium Member   Group moderator

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  The Chocolate Tsunami:

  How Events in Switzerland May Well Impact the Japanese Yen
  
  Andrei Knight
  Senior Currency Strategist
  http://www.fxKnight.com
  
  A devastating earthquake off the coast of Japan on March 11th triggered a tsunami so powerful, that over 8000 miles away it knocked off a section of the Sulzberger ice shelf in Antarctica the size of Manhattan.
  
  Last week's decision by the Swiss National Bank to put a floor under the Swiss Franc at 1.20 Euros not only moved the EUR/CHF more than 1000 pips in under an hour, but may well have effects on the Japanese Yen. The reason for this is that many suspect the Bank of Japan will be the next to intervene in the value of their currency.
  
  http://fx-knight.com/smForum/index.php?topic=2423.msg8519#ms...
  
  • 13 Sep 2011, 4:38 pm
  Graham Maxfield wrote: > How Events in Switzerland May Well Impact the Japanese Yen > > Andrei Knight > Senior Currency Strategist > www.fxKnight.com > > A devastating earthquake off the coast of Japan on March 11th > triggered a tsunami so powerful, that over 8000 miles away it knocked > off a section of the Sulzberger ice shelf in Antarctica the size of > Manhattan. > > Last week's decision by the Swiss National Bank to put a floor under > the Swiss Franc at 1.20 Euros not only moved the EUR/CHF more than > 1000 pips in under an hour, but may well have effects on the Japanese > Yen. The reason for this is that many suspect the Bank of Japan will > be the next to intervene in the value of their currency. > > http://fx-knight.com/smForum/index.php?topic=2423.msg8519#msg8519