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  • Yen weakens 1.7% to session low at 158.33 per dollar

  • #1
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  • Apr 26, 2024 4:43pm Apr 26, 2024 4:43pm
Ha, not the type of price action we longs want to see at the end of the day. Though, a print well into 158 has to stir the hornets nest a little.....riiiight? (tape says "yeah....right....stay long.....see what happens....")
  • #2
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  • Apr 26, 2024 4:44pm Apr 26, 2024 4:44pm
  •  Trader#CFB9
  • | Status: Unregistered Trader
They can intervene when this type of thing happens. 1000 pips in a month is “rare”. And Yellen and the MOF are totally with the BoJ intervening “rarely”
  • #3
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  • Apr 26, 2024 4:44pm Apr 26, 2024 4:44pm
Currency Crash
  • #4
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  • Apr 26, 2024 4:46pm Apr 26, 2024 4:46pm
This is the level that separate the boys and the men This is the level that test your ability to mitigate risk.
  • #5
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  • Apr 26, 2024 4:47pm Apr 26, 2024 4:47pm
Now that bears are massacred, we can have some correction next week.
Everyone can see the chart, but only a few can actually read it.
  • #6
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  • Apr 26, 2024 4:47pm Apr 26, 2024 4:47pm
Judging by the current price action, we may see a flash crash of JPY.
  • #7
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  • Apr 26, 2024 4:47pm Apr 26, 2024 4:47pm
Damn, my analysis on AU/ JPY was damn good, but I never executed the trade
  • #8
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  • Apr 26, 2024 4:49pm Apr 26, 2024 4:49pm
All the boys at Goldman Sachs FX desk are gonna get large bonuses this year...
  • #9
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  • Apr 26, 2024 4:53pm Apr 26, 2024 4:53pm
I think this is a flash short
  • #10
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  • Apr 26, 2024 4:58pm Apr 26, 2024 4:58pm
This is volatility all the way until the end of the day got to love it.
The solution is (x).
  • #11
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  • Apr 26, 2024 5:00pm Apr 26, 2024 5:00pm
One more push the same size as today on Sunday night will clear out all the little guys, then they'll mess around for about a week before they make a drastic move downward... but again who cares... trader doesn't care where it moves as long as it moves...
  • #12
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  • Apr 26, 2024 5:03pm Apr 26, 2024 5:03pm
The yen is something else
  • #13
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  • Apr 26, 2024 7:18pm Apr 26, 2024 7:18pm
Quoting Trivion
The yen is something else
Nah, it's just the Yen. A reckoning will come, but today/tomorrow/10 years from now. Your guess is as good as anyone's. If "unacceptable acceleration" was required before some intervention, it hasn't been publicly defined....so we don't know if today was even 1/10th of what would be required. Maybe it's 10% in one week? 10% in one day? Someone knows....and it's not anyone on here.

....which is why the smartest among this forum continue to say "trade the trend" and "make sure you have stops in place".
  • #14
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  • Apr 26, 2024 8:33pm Apr 26, 2024 8:33pm
Week-end intervention.
Invest in alarm clocks
  • #15
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  • Apr 26, 2024 9:40pm Apr 26, 2024 9:40pm
JPY Index monthly chart showing more upside to come
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPYX monthly 03-23-24 Before.png Size: 36 KB
Click to Enlarge Name: JPYX monthly 04-26-24 After.png Size: 40 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #16
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  • Apr 26, 2024 9:45pm Apr 26, 2024 9:45pm
Quoting Tony112
Week-end intervention.
Make it happen and I'll ship you 10% as a reward!!!
  • #17
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  • Apr 26, 2024 9:47pm Apr 26, 2024 9:47pm
Quoting samdani786
JPY Index monthly chart showing more upside to come {image} {image}
I can't zoom in to see the details, but it looks tome like your monthly from April 26 is showing a perfect resistance occurred today.....so a pullback first?
  • #18
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  • Edited 11:13pm Apr 26, 2024 10:59pm | Edited 11:13pm
Quoting ffghost
{quote} I can't zoom in to see the details, but it looks tome like your monthly from April 26 is showing a perfect resistance occurred today.....so a pullback first?
USD-JPY is at 15829 and need to go to 16040. Looking at the current candle, I dont see a pullback untill 16040 at least. Lets see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 30 KB
Click to Enlarge Name: UJ weekly 04-13-24 Before.png Size: 39 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #19
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  • Apr 26, 2024 11:39pm Apr 26, 2024 11:39pm
I begin to think that maybe its heading to the 1985 GAP which is 220 levels....
  • #20
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  • Apr 27, 2024 1:14am Apr 27, 2024 1:14am
Quoting atillaken
I begin to think that maybe its heading to the 1985 GAP which is 220 levels....
That's what they want you to thing. If it's that simple, everybody just take on ship and be rich. They will either intervene or there will be massive correction.
  • #21
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  • Apr 27, 2024 2:49am Apr 27, 2024 2:49am
Why do they publish this stupid news about USD/JPY hitting some fucking random level?

WE CAN SEE WHERE USD/JPY IS, WE ARE ALL TRADERS HERE!

So, what's the point of this USD/JPY hit that, hit this?

How about traders sentiment? Let's see if the traders are giving up or are still buying JPY... if they're not giving up, then we're going even higher with the price and if they are it's probably the time for some decent retracement.
  • #22
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  • Apr 27, 2024 9:39am Apr 27, 2024 9:39am
I've entered some positions but I was careful. I took a 200,000$ CAD/JPY short. I will reduce it mid-week because I'm afraid of too much volatility.
Invest in alarm clocks
  • #23
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  • Apr 27, 2024 12:41pm Apr 27, 2024 12:41pm
Quoting Tony112
I've entered some positions but I was careful. I took a 200,000$ CAD/JPY short. I will reduce it mid-week because I'm afraid of too much volatility.
Write you shorted 20 lots for easy understanding lol
Trading since 2008 - Quality, Integrity, and Verified Results
  • #24
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  • Apr 27, 2024 12:42pm Apr 27, 2024 12:42pm
Quoting Whatevs
Why do they publish this stupid news about USD/JPY hitting some fucking random level? WE CAN SEE WHERE USD/JPY IS, WE ARE ALL TRADERS HERE! So, what's the point of this USD/JPY hit that, hit this? How about traders sentiment? Let's see if the traders are giving up or are still buying JPY... if they're not giving up, then we're going even higher with the price and if they are it's probably the time for some decent retracement.
They write such thing for sensation they are not trader but bloggers.
Trading since 2008 - Quality, Integrity, and Verified Results
  • #25
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  • Apr 27, 2024 1:20pm Apr 27, 2024 1:20pm
If they kill us, they kill us. We all made this terrible mistake, and now we know we are just fish in the pond.
  • #26
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  • Apr 27, 2024 2:04pm Apr 27, 2024 2:04pm
Quoting samdani786
{quote} USD-JPY is at 15829 and need to go to 16040. Looking at the current candle, I dont see a pullback untill 16040 at least. Lets see. {image} {image}
Yeah, I took a closer look at the monthly today as well...and agree with you on the USDJPY. The LFX chart you posted earlier could offer some resistance at the top of the channel you drew, but I wouldn't be surprised by a breakout either.

Scary thing that atillaken mentioned is the complete lack of resistance above that 16040 level.

....I have to believe a technical pullback occurs once 16040 comes into sight (or very closely in the rearview mirror, after an over-extension) regardless of what happens in the subsequent leg. FOMC activity this week for the US, so probably nothing before then anyway.

Time to enjoy some of the weekend!
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  • Posted: Apr 26, 2024 4:37pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 26  /  Views: 7,653

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