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  • USD/JPY Rises to 155.40; Highest Since June 1990

  • #2
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  • Apr 24, 2024 9:01pm Apr 24, 2024 9:01pm
Quoting BillyIdol
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Emotional Control. Process, not outcome.
  • #3
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  • Apr 24, 2024 9:02pm Apr 24, 2024 9:02pm
Quoting Konichiwhaat
{quote}
Show this to importers. They even protested this week and made a statement. They suffering so bad.
  • #4
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  • Apr 24, 2024 9:16pm Apr 24, 2024 9:16pm
Quoting BillyIdol
{quote} Show this to importers. They even protested this week and made a statement. They suffering so bad.
They don't need to import much, exporters are having a great time and others don't really care. The only people who are affected are traders who are trading against an obvious trend. Trade in the right direction and you will enjoy it, too.
Everyone can see the chart, but only a few can actually read it.
  • #5
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  • Apr 24, 2024 9:23pm Apr 24, 2024 9:23pm
Quoting OnlineAddict
{quote} They don't need to import much, exporters are having a great time and others don't really care. The only people who are affected are traders who are trading against an obvious trend. Trade in the right direction and you will enjoy it, too.
Ok, brother. They make interventions on several levels lower in 2022, two times. It's contrary to your point. The pattern is similar to this in 2022 when they meet in Washington and after Boj's meeting they intervene. For me yen is artificially deflated and it's obvious. It's not healthy for the economy. Maybe 150-152 is acceptable. If Tokyo cpi will be high, it's a GO.
  • #6
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  • Apr 24, 2024 9:38pm Apr 24, 2024 9:38pm
Quoting BillyIdol
{quote} Show this to importers. They even protested this week and made a statement. They suffering so bad.
Incorrect. Mitsubishi corp, Mitsui and Co, Itochi corp and Marubeni corp are 4 of the largest importers in Japan. Share prices up between 53% and 124% year to date. Trade with data, not passion. I hope you are invested in these companies
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Emotional Control. Process, not outcome.
  • #7
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  • Apr 24, 2024 9:44pm Apr 24, 2024 9:44pm
Quoting Konichiwhaat
{quote} Incorrect. Mitsubishi corp, Mitsui and Co, Itochi corp and Marubeni corp are 4 of the largest importers in Japan. Share prices up between 53% and 124% year to date. Trade with data, not passion. I hope you are invested in these companies {image}
And even they, yesterday said this: "Mitsubishi UFJ Financial Group highlights the rising likelihood of intervention by Japanese authorities to support the yen, following strong signals from Japan’s Finance Minister and recent currency trends. The USD/JPY has been hovering just below the crucial 155 level, intensifying intervention expectations ahead of the Bank of Japan’s policy meeting on Wednesday."
  • #8
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  • Apr 24, 2024 9:53pm Apr 24, 2024 9:53pm
Quoting BillyIdol
{quote} And even they, yesterday said this: "Mitsubishi UFJ Financial Group highlights the rising likelihood of intervention by Japanese authorities to support the yen, following strong signals from Japan’s Finance Minister and recent currency trends. The USD/JPY has been hovering just below the crucial 155 level, intensifying intervention expectations ahead of the Bank of Japan’s policy meeting on Wednesday."
For now just watch. The move will be clear
Emotional Control. Process, not outcome.
  • #9
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  • Apr 24, 2024 9:55pm Apr 24, 2024 9:55pm
Quoting Konichiwhaat
{quote} For now just watch. The move will be clear
Yes, will be clear. Now they packing everybody into the corner long. Im ain't a sheep.
  • #10
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  • Apr 24, 2024 9:58pm Apr 24, 2024 9:58pm
Trading on wishful thinking is not fun. I don't think there will be any intervention. Japan was chasing inflation for years And now it has swelling. And it needs a competitive price. So the weak yen is a blessing. Last time, the yen weakened by more than 30% until the intervention took place. Below 160, no intervention will occur.
  • #11
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  • Apr 24, 2024 10:02pm Apr 24, 2024 10:02pm
Time to pass the mop
Invest in alarm clocks
  • #12
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  • Apr 24, 2024 11:22pm Apr 24, 2024 11:22pm
Very low risk of intervention today, so it's safer for long. thats why its moving higher
  • #13
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  • Apr 25, 2024 12:02am Apr 25, 2024 12:02am
  •  Trader#2346
  • | Status: Unregistered Trader
in 1986, yen drop from 220 to 165 in 1 yr becuase of Reagan, men I was poor on Navy salary since Navy never adjust the cost of living at that time. Only reason yen got stuck below 120 for decades was becuase of UAW since they worry about TOyota . So with all that dollar in Japan , the Japan govt spent on US Tbond to keep it below 120. Now divergent in interest rate so USA so it not political to suppress the yen.
  • #14
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  • Apr 25, 2024 12:12am Apr 25, 2024 12:12am
Why would you go long now after all of this rally is almost already over?

160 is wishful thinking. Last time you sucked the same lollipop with USD/JPY at 152 thinking it's going to at least 155. It isn't!
  • #15
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  • Apr 25, 2024 12:43am Apr 25, 2024 12:43am
[quote=Whatevs;14843741]Why would you go long now after all of this rally is almost already over?

What makes you think its almost over? What solid evidence do you have of this? I have watched dumbasses trying to short this thing since December. There was only one week where they would have been successful, and it was really easy to see
Emotional Control. Process, not outcome.
  • #16
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  • Apr 25, 2024 12:48am Apr 25, 2024 12:48am
[quote=Konichiwhaat;14843759]
Quoting Whatevs
Why would you go long now after all of this rally is almost already over? What makes you think its almost over? What solid evidence do you have of this? I have watched dumbasses trying to short this thing since December. There was only one week where they would have been successful, and it was really easy to see
Wicks, triggering Sell Stops to force them out later happened multiple times at major levels and one thing that always precedes the intervention: strong rally! Which we had yesterday and perhaps will have today and it's over.

I told you they didn't let USD/JPY go through 155 before they take other currencies against JPY to prior highs or to the new highs all-together. Now, when they eliminate orders that are short from 155, it's over.


149.5 - 150 Support.
  • #17
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  • Apr 25, 2024 1:18am Apr 25, 2024 1:18am
[quote=Whatevs;14843768]
Quoting Konichiwhaat
{quote} Wicks, triggering Sell Stops to force them out later happened multiple times at major levels and one thing that always precedes the intervention: strong rally! Which we had yesterday and perhaps will have today and it's over. I told you they didn't let USD/JPY go through 155 before they take other currencies against JPY to prior highs or to the new highs all-together. Now, when they eliminate orders that are short from 155, it's over. 149.5 - 150 Support.
There is that word again "they"... Who is they, and again, what evidence do you have? Post some concrete evidence here of this and prove it to me. I promise you I will believe you 100% if you can provide evidence
Emotional Control. Process, not outcome.
  • #18
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  • Apr 25, 2024 1:24am Apr 25, 2024 1:24am
[quote=Konichiwhaat;14843802]
Quoting Whatevs
{quote} There is that word again "they"... Who is they, and again, what evidence do you have? Post some concrete evidence here of this and prove it to me. I promise you I will believe you 100% if you can provide evidence
Evidence will present itself very soon.
  • #19
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  • Apr 25, 2024 1:28am Apr 25, 2024 1:28am
[quote=Whatevs;14843810]
Quoting Konichiwhaat
{quote} Evidence will present itself very soon.
How can the evidence for what you believe in and act on have not even materialized yet? Can you hear what you are saying?
Emotional Control. Process, not outcome.
  • #20
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  • Apr 25, 2024 1:31am Apr 25, 2024 1:31am
[quote=Konichiwhaat;14843815]
Quoting Whatevs
{quote} How can the evidence for what you believe in and act on have not even materialized yet? Can you hear what you are saying?
Sorry.. echo chamber makes it hard for others to hear me and for me to hear others.

LoL
  • #21
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  • Apr 25, 2024 1:38am Apr 25, 2024 1:38am
[quote=Whatevs;14843817]
Quoting Konichiwhaat
{quote} Sorry.. echo chamber makes it hard for others to hear me and for me to hear others. LoL
Nice change of subject. But of coarse you cannot answer because the answer is "there is no evidence". Its is OK to be wrong. Admitting this makes us become epic traders. I have decide to start to post in one of the USDJPY forums from next week as I am just amazed and confused as to why people have been trying to short this pair. But I will let this week finish first so we can start the posts with a nice weekly chart. I hope you can join in next week
Emotional Control. Process, not outcome.
  • #22
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  • Apr 25, 2024 1:43am Apr 25, 2024 1:43am
[quote=Konichiwhaat;14843822]
Quoting Whatevs
{quote} Nice change of subject. But of coarse you cannot answer because the answer is "there is no evidence". Its is OK to be wrong. Admitting this makes us become epic traders. I have decide to start to post in one of the USDJPY forums from next week as I am just amazed and confused as to why people have been trying to short this pair. But I will let this week finish first so we can start the posts with a nice weekly chart. I hope you can join in next week
We'll have a nice number to discuss as well, 150 by next week.

Hahahah... ok I'll stop, I'll stop.
  • #23
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  • Apr 25, 2024 1:47am Apr 25, 2024 1:47am
[quote=Whatevs;14843830]
Quoting Konichiwhaat
{quote} We'll have a nice number to discuss as well, 150 by next week. Hahahah... ok I'll stop, I'll stop.
I do love your confidence. You would be a great business man or politician! Lets chat again next week. Good banter. Trade safe
Emotional Control. Process, not outcome.
  • #24
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  • Apr 25, 2024 3:14am Apr 25, 2024 3:14am
Only talking and no action. Not like the Swiss. What a real shame.
Just like a tiny poodle barking.
Invest in alarm clocks
  • #25
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  • Apr 25, 2024 3:48am Apr 25, 2024 3:48am
Quoting Konichiwhaat
{quote}
Haha this always the funniest reads with you involved Konichi
”Should go to the streets”
Equality will be the next big thing in trading
  • #26
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  • Apr 25, 2024 3:53am Apr 25, 2024 3:53am
If policies are to change in the medium term, such as increasing interest rates or reducing the purchase of bonds It will definitely not be an intervention If there is no change in policy at the moment, intervention is possible Of course, if Trump becomes the president or if the sharp decline of the yen causes bad feelings in other countries, maybe Japan will have to do something They are happy now
  • #27
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  • Apr 25, 2024 3:54am Apr 25, 2024 3:54am
Quoting Ferna
{quote} Haha this always the funniest reads with you involved Konichi ”Should go to the streets”
Man has zero tolerance for bs and I respect that!
Quality of a good trader.
  • #28
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  • Apr 25, 2024 3:55am Apr 25, 2024 3:55am
Quoting Ferna
{quote} Haha this always the funniest reads with you involved Konichi ”Should go to the streets”
Facts and logic will always trump guesswork and stupidity. I really don't understand some people
Emotional Control. Process, not outcome.
  • #29
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  • Apr 25, 2024 6:55am Apr 25, 2024 6:55am
Quoting Vancarbon
Trade the trend till the bend at the end “ We’re just about there “ imo Started selling at 155.68
Just to the point. Good job.
Do you mind to share your chart. I can't figure out that trend line of yours.
Failure, is a wonderful teacher!
  • #30
  • Quote
  • Apr 25, 2024 7:20am Apr 25, 2024 7:20am
  •  Trader#0320
  • | Status: Unregistered Trader
Quoting Whatevs
Why would you go long now after all of this rally is almost already over? 160 is wishful thinking. Last time you sucked the same lollipop with USD/JPY at 152 thinking it's going to at least 155. It isn't!

I'm not an expert, but I remember actual experts saying "it is never too late to enter a trend..."
alrough I'm not trading this pair at the moment.
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  •  Trader#4E55
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  • Story Stats
  • Posted: Apr 24, 2024 8:55pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 30  /  Views: 6,743

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