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  • G7 official says G7 statement was misinterpreted, statement signaled concern about excess moves in Yen

  •  Guest
  • | IP XXX.XX.225.87
Great...
  •  Guest
  • | IP XX.XX.61.167
what does it mean i even didnt understand what they say? can tell me some one what it means?
A bunch of overpaid so-called competent people cannot write a statement. Then, just as some spotty 13 year old they have been misinterpreted.
What a joke. 160 pip drop in 3 minutes in EURJPY.
on everything I would say
  •  Guest
  • | IP XXX.XXX.64.220
WOWWWWW JEN strong now
  •  Guest
  • | IP XXX.XXX.202.26
Next up: G7 official - "Statement about statement being misinterpreted was misinterpreted"
thank u a lot 4 this statement
  •  Guest
  • | IP XX.XXX.91.222
Don't worry, it will go right back up on the next statement that comes out.
  •  Guest
  • | IP XX.XXX.185.108
150 pip downthrust in the eur/jpy in about 5 seconds. lmao.
Quoting Guest
Next up: G7 official - "Statement about statement being misinterpreted was misinterpreted"
LOL Good one
  •  Guest
  • | IP XXX.XXX.202.26
Also next up: "Market responds to concern about excessive moves by making some more excessive moves"
uffff, I closed long EJ 5 minutes before this statement
they need to hire Greenspan to be their spokesman.

obviously, no one can "greenspeak" better! no one could understand what he was really saying as Fed chairman and thus no one could misunstand what he said as EU spokesperson because no reasonable person tried to parse his true meaning!!!
Ok, price touched the 2-Day-VWAP, lets buy again. haha
crazy bonkers
  •  Guest
  • | IP XXX.XXX.99.212
Just wait Draghi's statement in few minutes, but I don't think he will change the statement from last Thurstday
  •  Guest
  • | IP XX.XXX.218.194
wow, I lost more than 2000 usd just in 1 minure
lol draghi hasn't even spoken
Build good relationships with others.
market manipulation in this statement ?
Luck is on my side today, closed long 2 minutes before!!
Quoting shellsnail
lol draghi hasn't even spoken
yeay! cant predict what will happen
so by clarifying they create excess moves, rofl
so what they want to do about it ?!
USD/JYP down 102 points, what is the right statement?
I think EJ will continue to go down for today, wait before buying! News is still fresh...
wait till draghi speak
"We, the G7 Ministers and Governors, reaffirm our longstanding commitment to market determined exchange rates and to consult closely in regard to actions in foreign exchange markets. We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and that we will not target exchange rates. We are agreed that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will continue to consult closely on exchange markets and cooperate as appropriate."

Lol how can this be misinterpreted?

it obviously means that japan is not going to weaken the yen whether directly or indirectly, and will prevent any wild short term fluctuations
Build good relationships with others.
  •  Guest
  • | IP XX.XXX.218.194
dude, WTF? is this a false news or just a whole bunch of rich retarded kids who got a master degree from Harvard?
the misinterpretation is ... market didn't respond the way they wished at first place
still confused. but yen will bestrong
langsung WA aja bro update
  •  Guest
  • | IP XXX.XXX.231.144
F..ck.... I was long
  •  Guest
  • | IP XX.XXX.230.86
Misstatement about the statement being misstated was misstated....lol
But since 3 days different ECB officials are saying that let the market determines the exchange rate of common currency???
Did they have to announce this just few minutes before the 4 hour candle closed?lol
Hunting the Traders minds lol
Quoting cecakrowo
wait till draghi speak
I was just blaming Carney for this....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  •  Guest
  • | IP XX.XXX.218.194
all of my hard work went to toilet,
btw who told u this news ......
Really yen in high pressure.Cool and trade according to the situation.
EJ: 126 S/R
buy gold.....
  •  Guest
  • | IP XX.XXX.15.18
Wow it was really big drop for eurjpy.
A sucker born every minute.

No rest for the wicked.

What a wonderful day. Best of luck.
no draghi yet?
Quoting haris0071
no draghi yet?
coming soon...
  •  Guest
  • | IP XX.XXX.118.19
Some days ago it was the Japanese fin min that was misinterpreted. Now it was the G7 for the same currency of course. JPY really made everyone mumbling.
If they don't want misinterpretations they should contain themselves to just few words:

"We", "Don't", Want", "Up", "Down", "Sideways" or use a simple "Ugh!"
YEN was already oversold since few days agoo... corective moove was expected ..then to avoid big speculative moovement we get this officall comment...
Hey, Japan is not concerned about Yen being sold so why don't the other G7 country bug off! Especially Germany!
"Hang on one second." (grabs iPhone, flips long USDJPY to short)

"So when we said we were okay with the Yen, we actually meant we were deeply opposed to the current excessively inflated weakness of the Yen."

(checks iPhone, smiles)

(puts in order to flip short USDJPY to long)

"Oh, and there's another press conference in 10 minutes."
  •  Guest
  • | IP XX.XXX.218.194
Germany also produce cars, that's why.
Quoting Casimir
"Hang on one second." (grabs iPhone, flips long USDJPY to short)

"So when we said we were okay with the Yen, we actually meant we were deeply opposed to the current excessively inflated weakness of the Yen."

(checks iPhone, smiles)

(puts in order to flip short USDJPY to long)

"Oh, and there's another press conference in 10 minutes."
Slow down! Don't forget that US wants weaker dollar.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
BOJ will cut the rates..............
  •  Guest
  • | IP XX.XXX.118.19
Quoting IWBFMa
Hey, Japan is not concerned about Yen being sold so why don't the other G7 country bug off! Especially Germany!
Check if Germany made a recent deal with China. Then think who's buying all these euros if Japan buys dollars in equal.
Then consider if the devaluation drives fuel costs to the sky, what's the rush drilling on Senkaku/Diaoyu and the (seemingly unprovoked) nuke test from the puppets after the support of US on both devaluation/drilling.

Currency wars my ass. It's all there in your chart... of the globe.
Quoting Guest
Check if Germany made a recent deal with China. Then think who's buying all these euros if Japan buys dollars in equal.
Then consider if the devaluation drives fuel costs to the sky, what's the rush drilling on Senkaku/Diaoyu and the (seemingly unprovoked) nuke test from the puppets after the support of US on both devaluation/drilling.

Currency wars my ass. It's all there in your chart... of the globe.
Exactly..

Standard casino rules : House ALWAYS wins !!..
They know where its heading months before it moves (i said this few times before lol).
Just need to throw some nonsense news for retail traders to speculate (gamble) and earn all their $$$..

I wonder how a Japanese housewife made $3mil + trading forex who doesn't know a single English word. (According to some here you need to have atleast Cambridge level of English to be able to success in forex trading). ~@~
got my stop loos
just opened my chart every thing RED here, what a nice day.
back in 1978 I bought my first Honda car $5000 the yen was at 250 to the dollar ...we need 250 to the buck again.
OMG..got stop loss plus some slippage..what..the..
Japan to announce positive swap for buying jpy against 5 major currencies on monetary policy statement.
Quoting nenmen
back in 1978 I bought my first Honda car $5000 the yen was at 250 to the dollar ...we need 250 to the buck again.
Either people forget this, or were not aware of it.
1 Yen == 1 cent is not a problem for anybody (unless you are short UJ )
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
whats the G7 going to do about there irrsponble statement pay back all the money people lost because of it
  •  Guest
  • | IP XX.XXX.118.19
Quoting nenmen
whats the G7 going to do about there irrsponble statement pay back all the money people lost because of it
They're not responsible for anyone's misunderstanding.
They were perfect clear and it can be proven

Seriously, people get hurt only because they let others make the interpretations and conclusions. They must seek for compensation firstly from the media they follow but in fact the fault is on the trader who justifies his decision on any "news".
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  •  Guest
  • | IP XX.XX.18.52
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  • Story Stats
  • Posted: Feb 12, 2013 8:57am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 63  /  Views: 16,796