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  • USD/JPY smashed lower in sign of intervention

    From forexlive.com

    USD/JPY was smashed lower to 147.40 after a break of 150.00. So there you have it, they didn't want 150.00 to break. I thought they might let it go above 150.00 because the dollar is broadly strong but it's clear now that the line in the sand is 150.00. However there has been a quick move to buy the break lower on the expectation that it's still clear sailing right up to 150.00. Expect this pair to remain volatile as the market sorts it out. I wouldn't expect any immediate confirmation of intervention but there's no other reasonable explanation.

Added at 10:24am

  • Japanese Yen JOLTed Higher - Is The MoF In The Market?

    From zerohedge.com

    This morning's hotter-than-expected JOLTS print initially sparked a hawkish response across markets, pressing the USD higher against its fiat peers. The JPY slipped back above 150/USD on the move (its weakest since Oct 2022). But then, out of nowhere, someone bought JPY with both hands and feet and smashed USDJPY 3 handles stronger... chart Did we just see the Ministry of Finance intervene?

It'll Break!!!
Clear buyers and bounce?
"but there's no other reasonable explanation..."

FAT FINGER on 150$/y dude....
  •  Guest
  • | IP XXX.X.150.215
intervention out of steam? still very high!!
why are they intervening when they can raise raise and have much bigger impact?
Stacking Yen while in Zen state of mind
I mean they said it like 10,000x times it's not a surprise. It was never a surprise it was happening it was just what was the price that would trigger it all. It seems 150 is the line in the sand for them.

Thank the heavens for some volatility kicking off the month.
The solution is (x).
Just warming up guys. They just tested the market.
Can we call this a intervention or Market sentiment based on preset trade?
it's BOJ intervention i believe~
RilaForexer
Ice Wall Return This Year: 3.8%
what a drop and what a reversal. wtf rocket both ways
Somebody testing the support for a downtrend?
"No trade is still a trade." - Peter Borish
Yeah definitely an intervention lmao
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Software Developer and Music Producer
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Wowee
They are waiting for retailers to buy, then they'll sell some more. It has begun. Oct-Nov months of Boj intervention!
All JPY pair seems crashing down. Look like an intervention
  •  Guest
  • | IP XX.XXX.248.131
Quoting jordanvic
what a drop and what a reversal. wtf rocket both ways
classic JPY. It's been a while since July 27
Not an intervention yet I believe that UJ has to rise more fast and hard for it to happen..from the other they may just intervining right now. Avoiding volatility now it's the best way to feel safe.
Looking for profitable short term trades ...|
Investor's Business Daily (IBD), TechnoMetrica Institute of Policy and Politics (TIPP)

Survey of about 1,200 consumers which asks respondents to rate the relative level of economic conditions including six-month economic outlook, personal financial outlook, and confidence in federal economic policies

This report came out the same time as the JOLTs report today but it was extremely negative, it seems the confidence level is at a low last seen on August 6th, 2011. Maybe this is what was used by the institutions to drive the price of UJ and other JPY pairs lower.
Just too many people set the same sell limit.
If BOJ intervened, why do it in US time?
"No trade is still a trade." - Peter Borish
If that was intervention: Epic waste of taxpayers' money.

WELL DONE
Greatest Manipulation in History. At this spot trader will be thinking twice before shoring JPY.
  •  Guest
  • | IP XXX.XXX.131.23
Quoting smallcapsule
too many people set the same sell limit.
In 2022. Japan intervened two times by dropping the price by 100 pips in a second to get rid of the Sell Stop Orders and hit their SL before real intervention that produced 600 pips. This time, it was 250 pips on each pair triggering pretty much every Sell Stop there is and now they also hit pretty much all SL's again. Now, since this time it was more then double in 2022. before the real intervention, I think the next move will be a real intervention. DXY just crossed 107 when Japan intervened. I am looking at 107.6, or in USD/JPY terms, I am looking for real intervention to come between 151-153. Once the intervention is over and every Yen pair does a proper monthly retracement of around 1500-2000 pips, that's when we should join them by going Long again until either BoJ raises rates or recession hits.
  •  Guest
  • | IP XX.XX.74.233
options are going bananas right now
I'm sorry my coffee got stuck on a few extra 00000's this morning, then I pressed SELL with my thumb while eating McDonalds. My bad.
Invest in alarm clocks
They did not. If they would do that , it would be a big and deep impact than this one. Do not underestimate the power of BOJ. Probably big institute closed their position at 150 lvl. Today is options expiry date also. So, this was not BOJ or Japan Finmin at all.
. . . . and the Dow got a major hiding from IBD/TIPP!! It was a fantastic day for me!!
"But then, out of nowhere, someone bought JPY..." That 'someone' is really like a ninja.
#intervention
Quoting Bakker
. . . . and the Dow got a major hiding from IBD/TIPP!! It was a fantastic day for me!!
That IBD/TIPP number will be digested and markets will make their move next week NFP is what everyone is waiting for.
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this is the 1st wave....2nd wave is yet to come..i guess...maybe tomorrow during Asian session.
Quoting Lbrto
If BOJ intervened, why do it in US time?
Simple it was an automated set sell order they had. Massive dump of position can cause this too, which only Banks have access to that kind of capital.
Intervention --- a little trailer --- it has been a test dose
Not an intervention , that was a stop hunt . Bullish
Master your mind. Master Trading.
It could simply be someone buying the dip of jpy. Makes more sense this way.
Trading is gambling. So gamble responsibly.
Sell forever USDJPY ..Until u die!
Quoting MatTrader101
{quote} Simple it was an automated set sell order they had. Massive dump of position can cause this too, which only Banks have access to that kind of capital.
Thanks!
"No trade is still a trade." - Peter Borish
Big player take profit. I don't think this is a kind of intervention.
BOJ intervened and will do it again until the "bullheadedness" of dollar supporters is squashed.
They will do it again.
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  • Story Stats
  • Posted: Oct 3, 2023 10:23am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 40  /  Views: 13,750