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  • Japan likely conducted forex intervention worth around 5 tril. yen

    From english.kyodonews.net

    Japan likely spent some 5 trillion yen ($32 billion) on Monday in currency market intervention, data by its central bank and market sources showed Tuesday, in the clearest evidence yet of the nation's attempt to slow the yen's rapid fall. The government has not confirmed that it intervened after the yen on Monday tumbled versus the U.S. dollar beyond the 160 line, a 34-year low, and then jumped to the 154 zone in a short span of time. The suspected yen-buying, dollar-selling intervention could have been close to the 5.62 trillion yen Japan spent in its foray into the market on Oct. 21, 2022, the biggest ever ... (full story)

These articles are dumb. No official announcement on the matter until the end of May.

In other news... If people really believe it was an intervention, this level is good to test some shorts. I have just entered a short based on 1. Huge re-trace and 2. Of current majors levels and behaviour and pending news
Emotional Control. Process, not outcome.
They wasted so much money on the previous interventions and markets are just laughing at them.
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
They wasted so much money on the previous interventions and markets are just laughing at them.
Just be careful when you short the Yen!
Happy Trading!
Quoting Manudatinh
{quote} Just be careful when you short the Yen! Happy Trading!
People have to be careful when buying the yen. 200 is just a matter of time, every UJ drop is just a good buying opportunity.
Everyone can see the chart, but only a few can actually read it.
it literally did nothing which is crazy, imagine buying 5 trillion of your own currency to do that kind of move.
Oils Down
BTC down
SPX Down
DJI Down
DXY Down
Commercials holding the most Long on JPY ever
Dealers at the longest JPY ever
Assets and Leveraged Position in the biggest red, long USD ever


U.S Overnight lending rates are teetering on an election year,

JPY bumped interest rates in March

To be it seems the only ones holding on are speculators
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 39 KB
Click to Enlarge Name: USDJPY12.png Size: 108 KB
Learn, a forex trader must, unlearn and relearn he will.
Then this gets published less then 5 minutes ago

"Why hundreds of U.S. banks may be at risk of failure"

https://www.forexfactory.com/news/12...anks-may-be-at
Learn, a forex trader must, unlearn and relearn he will.
Quoting OnlineAddict
{quote} People have to be careful when buying the yen. 200 is just a matter of time, every UJ drop is just a good buying opportunity.
Still buy plan for UJ?
Equality will be the next big thing in trading
Quoting Ferna
{quote} Still buy plan for UJ?
Most likely. But best is not to trade this pair at all.
Everyone can see the chart, but only a few can actually read it.
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  • Posted: May 1, 2024 5:28am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 9  /  Views: 5,288

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