Bank of Japan have gone insane - AUD meltup hits 0.94 knockout

The Japanese are terrible investors. Over leveraged firms/retail traders trading on margin.
With a shrinking population. The whole country is facing bankrupt alley.

BoJ is buying huge amounts of AUD (reserve holdings) with major kockouts at 0.94 is like giving money away to the market.

C'mon S&P downgrade the idiots.