Walter Peters, who might be kind enough to let me publish his pink-shirt theory in this space some day, wrote me today and we were wondering why there was no rollover payments (or charges) for the JPY-backed pairs today:
Then we both remembered -- thanks to a quick chat with FXCM -- hthat Monday (the 16th) is a Japanese Holiday. In fact, it's Ocean Day. This means that FXCM and some other dealers paid quadruple interest on Wednesday and no interest today.
Comments
Hello
Yes! Ocean Day is Japan'holiday, indeed! we have a big port in Yokohama, in this area we have a lot of US military
and US goverment related buildings, especially Department of State Japanese traning Institute is most important for US and Japan! Seen several American Australian and New Zea Lander(old Zea Land is located in holland).
Good day,
ps.-i'm preparing for selling EUR/JPY at very best pricing possible!!!
Posted by: Fuji | July 12, 2007 09:07 PM