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  • USD/JPY takes a dive: Intervention?

    From forexlive.com

    This market is insane. The latest move in USD/JPY has more hallmarks of intervention than the earlier one.

completely true
Finally intervention?
Love it! A good liquidity spike - business as usual next week though - next target 155.
they fed up early today. Now they doing their thing...
Mostly Scalps and rarely few swings
  •  Guest
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they must do 2/3 more in quick succession, if they want to be effective
Nice correction for entry maybe?
Weekly chart needs a sizable retracement anyways. Maybe 140 for the next leg up.
BOOM
intervention if BOJ only participating it will not last
Finally they intervene
When I was in the bathroom just now, the following thought came to me. Now where all asleep in Asia, England has closed immediately and later in the afternoon still someone from the FED what will say to calm the bond market, the liquidity and trade is very thin. Many traders know that you can move well in Forex on Friday evening in the trend what.

So how can I change my course nicely as a central bank without much opposition? NOW. And some will remember some time ago, think a little more than 1 year, there was the GOLD also times something like that and on Monday morning is the GOLD price crashed again $100 by the margin call. So I would not be surprised if on Monday morning the same then goes down again, say to 135, or 130 at USDJPY.
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BOJ by acting during US market and not just during Asia will be to make a sizable statement.

Credibility as to ability of action is going to get established.

Would not expect just a tapping of brakes on Yen weakness as consequence.
Now do you guys think the BOJ will intervene again when price comes back up to the same level?
WOW! This is unbelievable!!!
US lead support for intervene i hope so
Its seems big intervention and successful intervention in last day last night
If this is a matter of BoJ against the world, this intervention will not be enough. They need to convince the market. This is the reason why there is nothing good coming out of UK data, and yet the pound keeps gaining to the Yen.
Dive 500 pip... 30 billion buy back yen? You can do better boj..
Peace Yo!
Wow..never thought I'd live the day to see this live..

Would need to see the follow up price action by next week..will it be the BOJ or the speculators guys?
With low rate no one want to buy yen.. better buy usd instead..
Peace Yo!
UJ target 1000.
Everyone can see the chart, but only a few can actually read it.
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whoeves is buying atm is getting crushed
The consistency that you seek is in your mind
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I'm ready to buy heavy at 146. Unilateral intervention is futile.
Quoting alexvmit
whoeves is buying atm is getting crushed
perhaps 1:1 leverage
Mostly Scalps and rarely few swings
sell stop boys profitted today !!!
Quoting Guest
I'm ready to buy heavy at 146. Unilateral intervention is futile.
Bad idea
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Quoting 2fx
{quote} Bad idea
LOL. Not even CB's can stem the fundamental tides in the long run. Raising rates is the only legitimate and sustainable method to give support to the yen. (Unless rate outlook on the US side changes drastically of course).
I was just told by an old hand who has been in the business for a very long time - that the central bank would be well advised to raise interest rates by 0.5 over the weekend or at the beginning of next week to further stabilize the market. Thus, they could easily stop the downward trend and fix the YEN at 125.
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Quoting big7fx
I was just told by an old hand who has been in the business for a very long time - that the central bank would be well advised to raise interest rates by 0.5 over the weekend or at the beginning of next week to further stabilize the market. Thus, they could easily stop the downward trend and fix the YEN at 125.
If they raised rates it would flip the fundamental situation for sure. However, they haven't given any indication they are even considering changing the rate policy. Possible of course, but would be a huge surprise.
Quoting RickJaspers
Now do you guys think the BOJ will intervene again when price comes back up to the same level?
Absolutely yes , with no hesitation
And if you are one amongs speculators get prepared
Synchronicity Price frequency......
Quoting big7fx
I was just told by an old hand who has been in the business for a very long time - that the central bank would be well advised to raise interest rates by 0.5 over the weekend or at the beginning of next week to further stabilize the market. Thus, they could easily stop the downward trend and fix the YEN at 125.
I do agree that boj soon need to raise it rate since their inflation now at 3% (8 year high).
Need paid more attention on boj policy change soon ..
Peace Yo!
Very Tricky Looks like Eurusd will rise further

So That may take Usdjpy for another dip down

In a nutshell UsdX may fall further...
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  • Posted: Oct 21, 2022 10:54am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 32  /  Views: 9,338

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