runaway train all year

이제 단기 숏자리다!

Well, at the end of the day let's see how volume is distributed across the price range. If it is clear that volume favored the higher prices, then we might be at a top area. We cannot ever know how the MMs will move price next, of course, but at least we won't be thinking like sheep being led to the shearing. We will see where SM has decided to put some of their money........"Buy low, sell high!".........HTMRW.

BTW, the MMs started the pump today on low activity. Then activity increased as price rose to the whole level, which is where it remains now........cycling up and down for liquidity..........HTMRW.

Which again brings to mind "Buy low, sell high!". Of course, we cannot know how the MMs will move price next. And this could become an ideal situation to sucker in longs for liquidity to fill SM sell orders......and then run a SHORT SQUEEZE to remove all but SM (using very wide stops for this very reason) from their proper positions..........HTMRW!

May see BoJ's intervention still far.

I believe UJ is still not overbought, eyeing on 138 (OB+FVG) and on 150 (buyside).

Real Exchange Rate showing price close to equilibrium, would like to see it reach at least the 10 value.



It’s not a price level, it’s the pathway there



BOJ to Stand Pat Unless Yen Breaches 140, Polled Economists Say*
These “polled economists” won’t be right nor wrong→ ? itself is wrong
It’s not a hard line level breach, it’s HOW it gets there
+0.7%/month x 6m→ 140 yr end = fine
vs
134 today→ 139 Mon→ 125 Tues = not good

About Japan intervening in $JPY.
Would be a big policy mistake.

History shows unilateral BoJ/MoF intervention rarely works.

Plus 'strong dollar' policy has never been more desired by US officials in the last 40 years given US inflation.

They need to ride the storm.

JPY는 크게 다르지 않습니다. BoJ의 "개입"은 소수의 거래자가 폭파하여 일자리를 잃을 만큼 충분히 빠르고 빠르게 이동하는 것을 의미합니다. 괜히 "위도우메이커"라고 불리는 게 아니다.


JPY isn't called the "widowmaker" for nothing.

There are many opinions here in Japan that there will be no BOJ intervention at this stage. Because the US doesn't allow it.

yen has been overpowered countless times with usd and catching that fall is gonna be a delicious move

If there is an intervention, would it begin during Tokyo trading hours or not necessarily? What about previous interventions?

>If there is an intervention, would it begin during Tokyo trading hours or not necessarily? What about previous interventions?

Past BOJ interventions were implemented during Tokyo, London and NY sessions.

Please read to above Intervention chart I've posted earlier.
All the answer is there.

Oh, interesting data...

Look at the % change in One week after and Three months after.

It is slow process intervention, that cannot be done in one go , for it will collapse the JPY


All the answer is there for you to interprete.

Including the fail Intervention