Market talk of selling by macro names USD/JPY triggering sell stops in recent trade - Unconfirmed

wt is going on

You mean Bernanke and Geithner?

This is how market cares about so called 'BOJ intervention' .

Great moment to buy

Did the BOJ click the wrong button?

WTF just happened in USD-JPY? Any news out there?

need to kill market longs before heading up

wiuwit - lol
No idea, but we are just entered new low.

Noda must be really pissed...

Remember when the carry trade was in full motion back in 2007-2008 before the recession hit, Yen was floating around 120 USD/JPY and everyone was crying why BOJ wont intervene and watch what happened? Sure it wasnt due to BOJ's credit that the Yen became so strong. However i do feel we are at the point were Yen will start depreciating soon.

i smell conspiracy behind this move

It hit my SL 70 PIPS...need to move on...I am LOng now...

crude sell current level

not so fast slowdance...i think its gonna dive some more to perhaps below70...

they've swaped stops it's buytime

I,ve managed to remove my stops

Yen really crazy, my account almost die

this is the case with yen ALWAYS - 4 days in range then it hits sneaky low-low for WEEK S3 or S4, then it goes back to break up the market to S3 or S2......
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huufff....whet yen hit the 75.85, i almost got margin call,,hahaha...hey japan,,talk less do more please..

i thought it would be a 500 pips stop drop, i guess i was wrong...

how BOJ make their policy more effective if everybody keep yen? you all may know that BOJ want to inject Yen into the market but investors try to reduce the amount of Yen by holding buy position in the market. Thus how they make their policy effective? The answer is kill some buy position before inject Yen to the market.

BOJ are just playing bluff. They are not going to do anything, they have chickened out after hollow threats. About a month ago USD/JPY was around 76.5 & all the central banks gave them their support regarding intervention but they did not do anything. Practically it is not hurting them because they already have a miserable economy. This is a very good ooportunity to make money as if USD/JPY breaks 75 then it is one way ride to probably 20 or 30. Skeptics will say it is too low. Then for those just look at the previous 20 year charts & you will see that USD/JPY was around 300 & GBP/JPY was around 700, therefore it is quite possibe to see USD/JPY at 20-25 or even lower

I see... some POP (This time big one) in USDJPY early next week!
Lets WnWatch

USD/JPY gone crazy like USD/CHF did sometimes back.....