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Zombie UEDA won't do a shit..
Quoting BillyIdol
Zombie UEDA won't do a shit..
UEDA wouldn't be responsible for intervention when it's actually coming it would be from the Minister of Finance or Suzuki. If he orders intervention then the BOJ would proceed.

I'm thinking now 155 could potentially be the line in the sand since they say they're looking more at the speed of the fall more than anything. Obviously I'm just speculating here.
The solution is (x).
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Quoting Momofrmnyc
{quote} UEDA wouldn't be responsible for intervention when it's actually coming it would be from the Minister of Finance or Suzuki. If he orders intervention then the BOJ would proceed. I'm thinking now 155 could potentially be the line in the sand since they say they're looking more at the speed of the fall more than anything. Obviously I'm just speculating here.
No one believes these clowns. It’s over for these people in terms of credibility. Traders have called their bluff. There is no level. The threats are meaningless. When and if it happens, it won’t matter, it will be shorted again and again. The destroyed their currency with their inaction and have been rendered ineffective at their jobs. Inflation in Japan will only accelerate and the weaker Yen promotes even higher inflation. The vicious cycle is unfolding now. When they get their paper backbones replaced with something stronger and aggressively hike to control the spiral is when their currency regains a tiny bit of credibility.
What are the chances that Japan intervenes by tomorrow morning, NY 11:30AM? Really high.
Quoting investing101
What are the chances that Japan intervenes by tomorrow morning, NY 11:30AM? Really high.
If they don't they are really screwed. Inflation will rise, prices will sky-rocket.
Quoting investing101
What are the chances that Japan intervenes by tomorrow morning, NY 11:30AM? Really high.
The BOJ bots were asleep on the job. Did they think they were in the clear after NFP and that firing off a stern letter to a gunfight would do the job? Triple swap day now done. Let's see what they do with it next 24 hours (if anything).
DODGERS World Series Champions '24 !!!! YESSSS
I never thought BOJ would let USDJPY get this high!!
Watching fx moves with high sense of urgency line is coming
Do you write down your wishes?
Intervention seems far away
They did not intervene last time from 130 to 152
This is one reason when Bojemi says that the market will not jump after March
He sees 155 yen
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Japan Prime minister is currently visiting the US. Maybe for that reason they didn’t carry out fx intervention
Quoting majidhajy
Do you write down your wishes? Intervention seems far away They did not intervene last time from 130 to 152 This is one reason when Bojemi says that the market will not jump after March He sees 155 yen
This time it has blown past those blocks since Jan 16 23 when it was 127 and we are now at 153.

GBP/JPY went from 156 to 191/192 and EUR/JPY 138 to 164.

I won't say it can't appreciate even further but I'm saying it's due for a nice pullback whenever it does occur.
The solution is (x).
Quoting majidhajy
Do you write down your wishes? Intervention seems far away They did not intervene last time from 130 to 152 This is one reason when Bojemi says that the market will not jump after March He sees 155 yen
They did, at least twice already.
Quoting Jade Gate
{quote} The BOJ bots were asleep on the job. Did they think they were in the clear after NFP and that firing off a stern letter to a gunfight would do the job? Triple swap day now done. Let's see what they do with it next 24 hours (if anything).
Nope, they were selling Yen just like everyone else. How did BOJ deposit additional 36B at the FED?
Inflation i see you
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  • Posted: Apr 10, 2024 4:40pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 15  /  Views: 4,543

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