The dollar had a quick sell-off and is now at 76.5.
The Bank of Japan is talking of buying more Japanese bonds and stocks to attempt to prop up their markets and free up private capital. This will be another failed intervention resulting in further international currency instability and higher prices for precious metals and commodities.
Central banks are battling for their own survival, which means they are trying to save their constituents, the local banks. Currency battles are underway. Precious metals have a chance to shoot higher, with gold potentially testing $1400 this week.
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