Menu
Sister Sites

  • Japan issues fresh warning against excessive yen moves

    From channelnewsasia.com

    Japan stands ready to take appropriate action against excessive exchange-rate moves, its top currency diplomat said following yen declines to levels seen by traders as heightening the chance of currency intervention. The warning by Masato Kanda, Japan's vice finance minister for international affairs, likely reflects Tokyo's desire to prevent further falls in the yen that would hurt households and retailers by boosting the cost of importing raw materials. "I won't comment on recent currency moves. But it's desirable for exchange rates to move stably reflecting fundamentals," Kanda told reporters on Wednesday ... (full story)

Jpy love you.
Trading is gambling. So gamble responsibly.
  •  Guest
  • | IP XXXX:51b0:3001
yo wtf
https://www.forexfactory.com/news/12...n#post14755631

he said times ago "similar to a natural disaster"
Quoting yudhasby
https://www.forexfactory.com/news/12...n#post14755631 he said times ago "similar to a natural disaster"
but this time usdjpy bearish
Can we all show some respect to BOJ by not buying usdjpy today
Quoting mae4206
Can we all show some respect to BOJ by not buying usdjpy today
Amen!
Quoting Sovy
Jpy love you.
It's hard to explain this weird relationship we have with JPY hahahahah... we hate it and we love it.
Some things to remember.

1. Today is the end of the month = capital inflows from pension funds, hedge funds, banks, prop trading houses.
2. Dogs pissing on the same post. One dog pisses on a post (BOJ), along comes another bigger dog and pisses all over the exact same spot (Europe). Then comes another even bigger dog who pisses all over the exact same post (the US traders, man do they hate anyone other than them driving the PA, they will often (but not always) take out weak stops first then go into reversal).
3. +ve swap rates on UJ bullish especially with the weekend coming up.
4. BOJ has likely placed a ceiling on UJ which is why it keeps banging it's head around the 150.80 mark.

Happy trading.
Let's go DODGERS !!
Bad language coming from a woman
Quoting Bakker
Bad language coming from a woman
How very uncouth of me, pardon my terrible unladylike manners, NOT.

FYI I don't see any "woman" traders, just traders. And if a female trader can't go toe to toe with the guys in the bear bit, they don't last 5 minutes. Reality check.
Let's go DODGERS !!
Yeah, one should be careful nowadays when using the word "woman", you never know!
  • New Comment
  •  Guest
  • | IP XX.XXX.94.150
Join FF
    • Older Stories  
    BoJ's Takata: Price target is finally coming into sight

    From @FirstSquawk|Feb 28, 2024|3 comments

    post: BOJ'S TAKATA: PRICE TARGET IS FINALLY COMING INTO SIGHT post: BOJ'S TAKATA: MOMENTUM GROWS IN SPRING WAGE TALKS AS COMPANIES OFFER HIGHER HIKES THAN 2023 post: BOJ'S TAKATA SUGGESTS CONSIDERING FLEXIBLE RESPONSE, INCLUDING EXIT FROM MONETARY STIMULUS post: BOJ'S TAKATA PROPOSES EXIT MEASURES, INCLUDING ABANDONING THE YIELD CURVE CONTROL FRAMEWORK, ENDING NEGATIVE RATES, AND WITHOUT ANY OVERSHOOT COMMITMENT. post: BOJ'S TAKATA: BOJ MUST TAKE POLICY STEPS FOR ENTERING AND EXITING, TAKING CARE OF BALANCE SHEET HEALTH

    British Pound Analysis: Is GBP/USD Rolling Over after Fed Comments?

    From forex.com|Feb 28, 2024

    With only the revision to US GDP data from 60-150 days ago on the economic calendar (down a tick to 3.2% annualized), traders shifted their focus to Fedspeak. Jerome Powell’s ...

    Financial Aggregates January 2024

    From rba.gov.au|Feb 28, 2024

    table All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as recorded in the notes to the tables listed ...

  • Story Stats
  • Posted: Feb 28, 2024 8:43pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 11  /  Views: 4,548

  • Related Stories