USDJPY flash crash | Forex Factory

  • USDJPY flash crash

Added at 11:52am

Added at 12:01pm

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venividivici
Dec 7, 2023 1:00pm
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nicely orchestrated liquidation, from the never-ending dishonest Fx market players.

my thoughts go out to the leveraged, who lost everything.
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Konichiwhaat
Dec 7, 2023 5:02pm
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Quoting Ferna
{quote} TheWraith been talking about this since months ago, but to early. I also, but i thought JPY was protected as a carry trade. I’ve noticed how liquidity been thinning out lately.. should that have made me look at the more liquid JPY? Alot of opinions, in the past Euro was considered the most liquid currency in the world now i dont know. Japan has a strong flow of money.. but it’s to early to start thinking about rate cuts for the market. In the past they usually stuck for a year or two atleast. Maybe money always have too move.....
"Maybe money always has to move"... now your on to it! At the end of the day, it doesn't matter what caused the move. I never try to work out why. Actually, the study of banks and finance can actually make me quite sick haha! The move has gone. Now we can just see what the Tokyo open brings. But also NFP later, so that should hopefully set the direction for all majors for the rest of December next week. For me, I will watch EJ instead of UJ... good hunting!
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Momofrmnyc
Dec 7, 2023 11:52am
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Yen finally ready to awake from the slumber.
Trader#39E1
Dec 7, 2023 12:53pm
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anyone asking "what happened?!" hasn't been paying attention to BoJ developments or their implications the past 6 months
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Ferna
Dec 7, 2023 1:26pm
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Quoting venividivici
nicely orchestrated liquidation, from the never-ending dishonest Fx market players. my thoughts go out to the leveraged, who lost everything.
thanks and welcome back.
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Ferna
Dec 7, 2023 4:36pm
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Quoting Konichiwhaat
Joint effort from the Miss Watanabes, a force to be reckoned with
TheWraith been talking about this since months ago, but to early. I also, but i thought JPY was protected as a carry trade.

I’ve noticed how liquidity been thinning out lately.. should that have made me look at the more liquid JPY?
Alot of opinions, in the past Euro was considered the most liquid currency in the world now i dont know.

Japan has a strong flow of money.. but it’s to early to start thinking about rate cuts for the market. In the past they usually stuck for a year or two atleast. Maybe money always have too move..

I don’t think any speculators have the power to move markets these days. It should be more about CB’s removing their operations like YCC. BoJ intervened in October.
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Godspromise
Dec 7, 2023 11:51am
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What caused this like??????
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Godspromise
Dec 7, 2023 4:33pm
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Quoting Guest
anyone asking "what happened?!" hasn't been paying attention to BoJ developments or their implications the past 6 months
I've been watching but the usdjpy flash drop is the first I have actually witnessed it since I started trading June
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Godspromise
Dec 7, 2023 5:06pm
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Quoting Konichiwhaat
{quote} "Maybe money always has to move"... now your on to it! At the end of the day, it doesn't matter what caused the move. I never try to work out why. Actually, the study of banks and finance can actually make me quite sick haha! The move has gone. Now we can just see what the Tokyo open brings. But also NFP later, so that should hopefully set the direction for all majors for the rest of December next week. For me, I will watch EJ instead of UJ... good hunting!
what about audusd?
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Momofrmnyc
Dec 7, 2023 12:14pm
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Quoting Guest
Exactly the same thing happened when USD/JPY first crossed 150 and then dropped 250, 300 pips in a minute. After the drop the price went to 152. So, based on this, more retracement is expected before Great Sell continues.
You do know it opened at 147.322 that's still 400+ pips down for the day currently. Since it's hit the 151.810 region it's been downhill. Why go against the trend? The SELL has been intact pretty much since mid November.
FreeGary
Dec 20, 2023 5:22pm
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I have been avoiding usdjpy since it entered the 145 area n saw it keep raising until 150 I entered n then it started coming down more n more n this flash crash. It had wipe out my small acc during my sleep. Cos I withdraw my profits I left little mRgin for it haiz... Dun think can go back to positive profits for this month.... But recouping back part of it already..
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edeslu
Dec 7, 2023 11:56am
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Quoting Godspromise
What caused this like??????
gottt damn algos ....meh...who knows
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Heshibuheshi
Dec 7, 2023 12:00pm
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Quoting Guest
Someone Just made a lot of money in last 5m!
Or lost
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Trader#2DC4
Dec 7, 2023 5:18pm
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Quoting Ferna
{quote} TheWraith been talking about this since months ago, but to early. I also, but i thought JPY was protected as a carry trade. I’ve noticed how liquidity been thinning out lately.. should that have made me look at the more liquid JPY? Alot of opinions, in the past Euro was considered the most liquid currency in the world now i dont know. Japan has a strong flow of money.. but it’s to early to start thinking about rate cuts for the market. In the past they usually stuck for a year or two atleast. Maybe money always have too move.....
I think TheWraith is still lurking in the comments section...

He was mentioning UJ Monthly Chart and the M Pattern.

I Think the move just began on Yen pairs and We should expect more to come after this retracement is over.
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jblanked
Dec 7, 2023 11:52am
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The trend is your friend
Attached Image (click to enlarge)
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OnlineAddict
Dec 7, 2023 12:06pm
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Its a buy now, short term.
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hesron
Dec 7, 2023 2:37pm
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still normal due to trading range

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Erebus
Dec 7, 2023 3:32pm
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Talk about over reaction; YEN "might" increase interest rate from -0.10 to 0.00? meanwhile others are making actual interest rates increases of 0.25 all the time, sheesh.
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Konichiwhaat
Dec 7, 2023 4:18pm
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Joint effort from the Miss Watanabes, a force to be reckoned with
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Konichiwhaat
Dec 7, 2023 5:09pm
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Quoting Godspromise
{quote}what about audusd?
Maybe check the FF audusd thread
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Godspromise
Dec 7, 2023 4:44pm
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Quoting hesron
still normal due to trading range {image}
bro am I seeing things or is there a to at 102??? What makes you think it will reach that far?
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asmadi78
Dec 7, 2023 11:54am
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Forever BUY Yen!
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CuriousTrade
Dec 7, 2023 11:53am
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Could have made more
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jordanvic
Dec 7, 2023 11:56am
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King yen
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CuriousTrade
Dec 7, 2023 12:05pm
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You weren't paying attention to yen news months ago. and it cost you
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CuriousTrade
Dec 7, 2023 12:09pm
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Crowd always late to react. Dont catch the tail
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Trivion
Dec 7, 2023 5:33pm
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It's a good thing that I've avoided the yen like the plague for the past year or so. The interest rate differential is just huge.
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Tradex.FX
Dec 7, 2023 12:20pm
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USDJPY Try to pullback @145.3xx
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Rowman
Dec 7, 2023 12:11pm
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Damn, I've tped right before this. Still a good day tho.
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Trader#F509
Dec 7, 2023 11:53am
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Nothing just stophunt
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Trader#E0A6
Dec 7, 2023 11:54am
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literally just opened a position 5 min before this and list almost 3rd of my new account. Nice
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edeslu
Dec 7, 2023 11:56am
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Quoting CuriousTrade
Could have made more
Ahh same on GBP/JPY, if we could ONLY see the future....ha!
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Gtradesfx
Dec 7, 2023 2:17pm
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As much as this may be true ; the previous day closing signaled a heavy downfall
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Heshibuheshi
Dec 7, 2023 11:55am
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Why is that? Manipulation?
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Ftmofx
Dec 7, 2023 12:03pm
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Flash Crash........due to big buy yen
Ftmofx
Dec 7, 2023 12:06pm
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Today is the day of Yen and Gold will get opportunity to buy
Trader#2DC4
Dec 7, 2023 12:09pm
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Exactly the same thing happened when USD/JPY first crossed 150 and then dropped 250, 300 pips in a minute. After the drop the price went to 152. So, based on this, more retracement is expected before Great Sell continues.
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Ftmofx
Dec 7, 2023 12:17pm
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One more chance yen buy spike...be careful
Trader#2DC4
Dec 7, 2023 12:36pm
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Quoting Momofrmnyc
{quote} You do know it opened at 147.322 that's still 400+ pips down for the day currently. Since it's hit the 151.810 region it's been downhill. Why go against the trend? The SELL has been intact pretty much since mid November.
Dude I am very aware of what Yen is doing since I've been following it for the past 2 years.
I agree and the trend just changed. It's longer up trend, this rally is pretty much over.
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Hurst
Dec 7, 2023 1:21pm
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Its in a down trend why was anyone wanting to buy it!
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Trader#E84E
Dec 7, 2023 2:30pm
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Quoting venividivici
nicely orchestrated liquidation, from the never-ending dishonest Fx market players. my thoughts go out to the leveraged, who lost everything.
there is nothing dishonest , nobody put a gun to your head to sell or buy , these is bionic hyenas arena; you don't like it, you a free to live the party; want to make money ? sharpen your teeths as you going to get more of that and nobody will drop a single tear for taking your money on a "winning" trade
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Trader#2DC4
Dec 7, 2023 3:39pm
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Quoting Erebus
Talk about over reaction; YEN "might" increase interest rate from -0.10 to 0.00? meanwhile others are making actual interest rates increases of 0.25 all the time, sheesh.
BoJ raising rates isn't the key here. Key is that other CB's will be cutting soon.
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mehboobkhan
Dec 7, 2023 9:01pm
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@Trivion I think The Big reason that JPY Early 2024 to cut intrest rate...
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Trader#577E
Dec 7, 2023 11:57am
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Someone Just made a lot of money in last 5m!
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Trader#222B
Dec 7, 2023 11:58am
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God saved me today
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Trader#3F96
Dec 7, 2023 12:02pm
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Yup me-- shit luck--would really like to know what triggered it.
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Trader#2DCB
Dec 7, 2023 12:09pm
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Once or twice in a year moment, same like last year on Nov 10 and Dec 20.
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Trader#2DC4
Dec 7, 2023 12:13pm
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The problem with this flash crashes is that is it so difficult to enter new positions now, because even 5 minute candle can hold 50 pips each until the price calms down.
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