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  • Kyodo news: Japan stimulus steps to have pledge to study corporate tax cut

    From forexlive.com

    Kyodo report refers to cut in effective corporate tax rate. Headlines on the wires, and USD/JPY trading higher, with Nikkei index up also. AUD and NZD seeing some cross selling against the yen.

This news should be high impact.. All pair with yen is very green..
No wonder jpy weaken
GBP/JPY is going to the roof. Forex trading is really confusing. The other day the trend was down. Now its up again. What a fraud.
  •  Guest
  • | IP XX.XX.179.50
Just some temporary BoJ manipulation ... I mean stimulation ..
Quoting premierax5
GBP/JPY is going to the roof. Forex trading is really confusing. The other day the trend was down. Now its up again. What a fraud.
Why is it a fraud? This is how free floating currencies work on the foreign exchange.
let it go till japanes died.
  •  Guest
  • | IP XX.XXX.69.4
came to update my orders before going to bed and then these.....GBP/JPY still moving up, up whooo. 158.045 - 159.06 -- 159.08 -- up up up seems 160 is the target
madness!!!!!!!!
http://www.efxnews.com/story/20904/h...yen-now-nomura
  •  Guest
  • | IP XXX.XX.14.202
what is wrong with people? Yen weakening has been expected long time ago when Abe said they will continue QE. Why yen go down suddenly? I don't get it.
Quoting realjumper
Why is it a fraud? This is how free floating currencies work on the foreign exchange.
hhhehehehhehe
No news again. The plan was already discussed:

Government officials say they are considering a reduction to 35.64% as part of a stimulus package of up to ¥5 trillion ($50.27 billion) to fight the effects of raising the sales tax to 8% from 5%. Both rate changes would take effect next April 1, the start of the fiscal year.

The cut would reduce companies' annual tax burden by ¥900 billion, based on a calculation using finance-ministry data. It would be achieved by ending a disaster-reconstruction surcharge, established after the 2011 earthquake and tsunami, a year earlier than planned. The sales-tax increase, meanwhile, is expected to take ¥8 trillion a year from consumer's pockets.
Quoting premierax5
GBP/JPY is going to the roof. Forex trading is really confusing. The other day the trend was down. Now its up again. What a fraud.
Forex is not for the faint hearted , i just pick up 40 pips
Quoting krunfx
hhhehehehhehe
hu hu hu HAHAHAHA
I have soo much to learn. Would be soo much cooler if had a mentor
60 pips... CHF/JPy, GBP/Jpy, USD/Jpy,CAD/jpy, EUR/JPy
Quoting premierax5
GBP/JPY is going to the roof. Forex trading is really confusing. The other day the trend was down. Now its up again. What a fraud.
The forex market always looks fraudulent to the undersourced retail trader. Follow a mentor that manges millions. That $1200 bloomberg fee makes them
That much more ahead of you. That live audio squawk box yep thats another step above you. The list goes on and on...
Quoting realjumper
hu hu hu HAHAHAHA
long time no see fren since AZUMi & SNB intervention..hahaha
Quoting krunfx
long time no see fren since AZUMi & SNB intervention..hahaha
HAHAHAHA Abe is enjoying the spotlight for now, but has he created a monster that he cannot control? Time will tell... hu hu hu HAHAHAHA
Quoting realjumper
HAHAHAHA Abe is enjoying the spotlight for now, but has he created a monster that he cannot control? Time will tell... hu hu hu HAHAHAHA
'i think my forecast for usd jpy since AZUMI come true now because the time was tell me before..hahahhaa
Quoting krunfx
'i think my forecast for usd jpy since AZUMI come true now because the time was tell me before..hahahhaa
As I mentioned several times over the past couple years, UJ was always going to hit 100, it just needed something to kick it off....and Abe was the one who did it. But it will take a lot more that "2% inflation with 2 years", and "three arrows' rhetoric to repair a fundamentally flawed economy....HAHAHAHAHA
Agreed realjumper, Abe has created a monster indeed. But no worse than the rest of the world. G/J back to 251... LOL.

I only wish I wasn't working out when this report came out. Short-term trading sucks!
Quoting realjumper
As I mentioned several times over the past couple years, UJ was always going to hit 100, it just needed something to kick it off....and Abe was the one who did it. But it will take a lot more that "2% inflation with 2 years", and "three arrows' rhetoric to repair a fundamentally flawed economy....HAHAHAHAHA

ABE did it..but the investor adn traders is moving the demand and supply for yen..hehehe....hahahah..huhuhu
Quoting krunfx
ABE did it..but the investor adn traders is moving the demand and supply for yen..hehehe....hahahah..huhuhu
There's very little demand for Yen, because Abe and Kuroda are supplying so much of it to the market.......but there is a consequence for that......question is, can Abe cope with what comes later? HAHAHA
Quoting realjumper
There's very little demand for Yen, because Abe and Kuroda are supplying so much of it to the market.......but there is a consequence for that......question is, can Abe cope with what comes later? HAHAHA

if US not have a problem to taper....he will not worry..but if US not taper..ABE will worry so much.. huhu hahah heheh hihi
US is not going to taper anytime soon.
Quoting smash1820
US is not going to taper anytime soon.
yes...thats why ABE scare...hahahha
Forex trading is not for the faint hearted. Fuck forex trading. I'm quitting it for good.
Quoting premierax5
Forex trading is not for the faint hearted. Fuck forex trading. I'm quitting it for good.
+1 : Nothing good in this market. Price manipulation every second...
Quoting premierax5
: Forex trading is not for the faint hearted. Fuck forex trading. I'm quitting it for good....

one good advice I found is NEVER LEVERAGE too much. Market will go up and down and back up again .And if you leverage too much your stop will be taken out before it turn into profit.
  • Post #30
  • Quote
  • Edited at 3:21am Sep 26, 2013 2:54am | Edited at 3:21am
Quoting premierax5
Forex trading is not for the faint hearted. Fuck forex trading. I'm quitting it for good.
Learn to read price and important S/R levels, ignore the news. Manipulated or not, it works when using proper risk-to-reward. It's actually pretty easy.
  •  Guest
  • | IP XXX.XXX.73.56
I took a short at 150.98 seems GBP/JPY will never hit below this point again
Quoting smash1820
US is not going to taper anytime soon.
Here what taper actually stands for?
So it wasn't the news from Japan's media that caused yen to fall and the Nikkei to reverse its fall to be up 1.2% from a drop of 1.4%?

Quoting Hoops McCann
Learn to read price and important S/R levels, ignore the news. Manipulated or not, it works when using proper risk-to-reward. It's actually pretty easy.
Quoting Hoops McCann
Learn to read price and important S/R levels, ignore the news. Manipulated or not, it works when using proper risk-to-reward. It's actually pretty easy.
How about you Hoops? what do you see in UJ? it looks like there's retracement in progress.

PS : can't pm you, I think that's because you don't accept pm.
I think if it breach the support trend line, we are in for a sharp drop in EJ.
nzy / jpy is getting stronger had a position in since yesterday i think 83 will be hit by next week
Quoting summerdew786
Here what taper actually stands for?
Tapering refers to Bernanke and The Fed continuing to buy bonds and pump $85 billion a month into the market. The fear is that when the tapering process starts (ie: a gradual reduction in purchases), equities and other asset classes will take a hit as liquidity will be removed from the market.
Quoting smash1820
Tapering refers to Bernanke and The Fed continuing to buy bonds and pump $85 billion a month into the market. The fear is that when the tapering process starts (ie: a gradual reduction in purchases), equities and other asset classes will take a hit as liquidity will be removed from the market.

Thanks
  •  Guest
  • | IP X.XXX.4.127
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  • Story Stats
  • Posted: Sep 25, 2013 10:26pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 38  /  Views: 7,361