they just want to break the line..seems to be huge stops below it.
http://content.screencast.com/users/...41ac0a/jpy.gif
http://content.screencast.com/users/...41ac0a/jpy.gif
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long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedABout 79.80......it may have been lower, but my charts don't go back past 1976!Ignored
Dislikedthey just want to break the line..seems to be huge stops below it.
http://content.screencast.com/users/...41ac0a/jpy.gifIgnored
Dislikedwhy don't we all agree on a specific point and press buy but our total positions opened at the same time should be at least 500 million(usd) contract size , if all the brokers we are dealing with are really...Ignored
QuoteDislikedOne of the most remarkable events ... of floating exchange rates is undoubtedly the remarkable drop in the yen/$ rate that occurred in October 1998. In a single day, the rate fell from about 130 to about 118, a change of roughly 10 per cent. On that day, bid-offer spreads were said to have topped one yen, i.e. one per cent or more in a market that usually trades with a spread of 1–2 basis points (and is arguably the second most liquid market in the world, behind the dollar-euro market). There was no identifiable macroeconomic news...
DislikedDoes anyone know any precedent that succeeded these types of intervention? (Either 1 or 2) Can JP really keep doing this until UJ eventually starts going up by itself? I have no idea how it works... I will be holding on my long position anyways....Ignored
Disliked1. No body know how low UJ will go as well as reversal point....but historical say 79.80 (Yes 1995 one )
base on the chart trend still in bear...so what ever speculation is just a personal point of view...and from my humble advice...get out from trading this pair...n look at other pair like EU n GU.
no body know where it will go...who say so here n there is BS to me.....just my 2 cent...
chowIgnored
DislikedThank you very much for your thoughts. Yeah, I also think I shouldn't trade this pair, but just can't resist scalping 10 pips here and there -- JP's petite interventions are so predictable right after 20-25 pips down... I hope these interventions last foreverIgnored
Dislikedmate..historical of BOJ intervence never sucess...mine to tell me which one is success if u have any?
i agreed with fibo_trader...n again get out till everythings clearer....
good luck guyIgnored
DislikedAs this intervene has totally failed, this pair should only drop lower and lower. I would love for the dollar to yen be 1:1. Love Japan.Ignored