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  • Japan's Chief Cabinet Secretary Matsuno: Forex stability is important

Added at 3:28am

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TIME is the most valuable commodity
Back to back YEN headline...might have some hidden agenda.
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Next JPY stability announcement will come from Pokemon.
This to attract more sellers for usdjpy and take there money it will continue to 150
I thought ECB is the worst central bank out there...but it seems BoJ is a tough "competitor". Run by old dinosaurs, who always act too late.
Everyone can see the chart, but only a few can actually read it.
Quoting Hassa9
This to attract more sellers for usdjpy and take there money it will continue to 150
Or buyers, that act too ways, trade safe
People don't plan to lose. They lose because they don't plan.
Quoting OnlineAddict
I thought ECB is the worst central bank out there...but it seems BoJ is a tough "competitor". Run by old dinosaurs, who always act too late.
very true but its good news for us traders though. makes them extremely predictable
I reckon they are going to wait a little bit longer then the pair will plummet, happened before with EUR/USD, and its gonna happen again. Time to liquidate the idiots that buy at the highest price because of FOMO. Happened with Oil, happened with Gold, its the same old shit. If you get headlines like these you know time is over and you're too late to the party.
Quoting OnlineAddict
I thought ECB is the worst central bank out there...but it seems BoJ is a tough "competitor". Run by old dinosaurs, who always act too late.
I think you are correct in the first part of your statement. Because I'm such a good trader I have been short USD JPY (nope ist hasn't broke me) but yes I have made losses.
Anyhoo it has drawn my attention to the fact the BOJ hadn't moved one iota on rates. (which is nothing new historically) They have not found a window to raise rates significantly for a long long long time.
Yes they are ALL run by dinosaurs most of which should have retired to allow in new blood and ideas. They will never let us know their thinking I guess BOJ has worked out that rate raising would be absolutely catastrophic so they haven't and will not do it.
My tin hat theory on the EURO. I have approx 30 years life left if I make it to current average age the EURO will die or SIGNIFICANTLY alter before then.
#Just a thought
The elites think we are stupid. They are in the main quite correct.
Quoting UKBanter
{quote} I think you are correct in the first part of your statement. Because I'm such a good trader I have been short USD JPY (nope ist hasn't broke me) but yes I have made losses. Anyhoo it has drawn my attention to the fact the BOJ hadn't moved one iota on rates. (which is nothing new historically) They have not found a window to raise rates significantly for a long long long time. Yes they are ALL run by dinosaurs most of which should have retired to allow in new blood and ideas. They will never let us know their thinking I guess BOJ has worked...
What does Japan do in this situation? There debt is growing by the day and like you said they can't raise the rates. Japan has been accommodative for so long now. Looking at the charts IMO yen can still weaken further. It's definitely a sticky situation for a CB in what moves/policy they can implement with so much downside risk.
The markets are like water it ebbs and flows.
Still going strong, I guess the target may be 130.000
Quoting Momofrmnyc
{quote} What does Japan do in this situation? There debt is growing by the day and like you said they can't raise the rates. Japan has been accommodative for so long now. Looking at the charts IMO yen can still weaken further. It's definitely a sticky situation for a CB in what moves/policy they can implement with so much downside risk.
A proper "Who will blink first situation!"popcorn at the ready!!
The elites think we are stupid. They are in the main quite correct.
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  • Posted: Apr 19, 2022 3:27am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 12  /  Views: 2,541

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