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  • Japan is on Holiday - Yen is collapsing, with no prospect of even verbal support

    From forexlive.com

    Bank of Japan intervention was, and still is, directed at controlling JGBs. Its not even a secret, YCC is Yield Curve Control! The BoJ tells us that while that policy is abandoned they are still committed to buying the same amount, so its still prevalent, with no change. On the currency, Japan's Ministry of Finance, the authority that will direct the Bank of Japan to intervene (if it ever does!) if hyper-aware of the 500-odd bp carry that exists between the USD and JPY. If the MoF/BoJ intervene, how much impact are they going to have? Dip buyers will send them gifts! 160 is just another big round number stop-off ... (full story)

How 'bout MOF?
Riskin' ticks for points!
Quoting Fardeen1209
How 'bout MOF?
still sleeping
Time to go to Japan? Maybe?
Invest in alarm clocks
Attached Image (click to enlarge)
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Emotional Control. Process, not outcome.
In life its negative and positive. It's the laws of all things. Big reversal is coming. It's just a matter of time.
Invest in alarm clocks
Quoting Tony112
In life its negative and positive. It's the laws of all things. Big reversal is coming. It's just a matter of time.
How profound
Sold 200,000 CAD/JPY
Invest in alarm clocks
Quoting mallee
{quote}How profound
Don't lose hope!
Invest in alarm clocks
Japanese are not sleeping rather they are waiting for a better time to short and it is not one or two days game instead a long term game that is played really wisely.
Quoting rehmatkhan00
Japanese are not sleeping rather they are waiting for a better time to short and it is not one or two days game instead a long term game that is played really wisely.

Some will experience what is the wind of change very soon. It's gonna be a fun ride.
Invest in alarm clocks
Quoting Tony112
{quote} Some will experience what is the wind of change very soon. It's gonna be a fun ride.
Yeah, indeed and that would be interesting to see and experience.
Quoting Tony112
{quote} Some will experience what is the wind of change very soon. It's gonna be a fun ride.
Is it happening???
Quoting mallee
{quote}How profound
You're here?
Invest in alarm clocks
Quoting ffghost
{quote} Is it happening???
Sorry guys I have fat fingers, I wanted to sell 200,000 and I sold 2,000,000,000. Pardon my mistake.
Invest in alarm clocks
3.5k /6j contracts in 1 minute isn't enough for me to think intervention though...this would need some serious pump behind it before a full-on signal. For now, I'm thinking people are just playing with the light volume due to a bank holiday.
Quoting Tony112
{quote} Sorry guys I have fat fingers, I wanted to sell 200,000 and I sold 2,000,000,000. Pardon my mistake.
haha. Someone should screenshot the 1-minute chart. It's pretty comedic. Rare to see an actually "H" form (though, to be fair, that rightmost line down isn't too significant)
15000 pip move coming. I started trading in 2006. It's coming.
Invest in alarm clocks
I'd take it (well, a fraction of it)...no clue what's going to happen (or how extended). Just saying "I was here" for the start.....


....no follow-through as of yet.
Quoting mallee
{quote}How profound
Where's Mallee? Malleeee? where are you?
Invest in alarm clocks
Now... There's ypur support.
"No trade is still a trade." - Peter Borish
Quoting Tony112
{quote} Sorry guys I have fat fingers, I wanted to sell 200,000 and I sold 2,000,000,000. Pardon my mistake.
Carbon-Dioxide: the gas of life!
Quoting Tony112
{quote} Where's Mallee? Malleeee? where are you?
Tony, Tony... still onboard. Well, don't burn you fingers with your 2 lot short on cad/jpy. I only go long, long, long. Cheers
The BOJ has been letting its currency weaken, or even weakening it because their trade balance and GDB was horrible. And the countries work forces GREATLY depends on it! Now things are starting to recover a bit with Trade and GDP, they may start to intervein to bring the currency closer to 150 and below
Quoting Tony112
15000 pip move coming. I started trading in 2006. It's coming.
2006? Long wait for a 15000 pip move.
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  • Posted: Apr 28, 2024 10:09pm
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     Newsstand
    Category: High Impact Breaking News
    Comments: 25  /  Views: 10,063
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