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  • USDJPY stops taken out, new LOD

The stops are not there idiots...maybe yours lol
Quoting speculant
The stops are not there idiots...maybe yours lol
there are a lot of traders..... most do not have a clue of what they are doing...

Like full Long with 90% of the account.. this is the perfect opportunity to wipe them out :-D
Buy at the Low, Sell at the High You make money by waiting not by trading.
SP500 dropping = USDJPY dropping
All posts are my personal opinion
Good Lord!..... 90%?

Nah! Those are not "Traders" but pigs that gets slaughtered at the slightest margin and rightly so!!
Quoting Ojiego
Good Lord!..... 90%?

Nah! Those are not "Traders" but pigs that gets slaughtered at the slightest margin and rightly so!!
If they are Pigs then you are the pigs penis.Mind your words
black Friday working, he he he....
It not only the USD getting rimed by JPY also the British Pound is taking a Pounding against the JPY also! Literally....
Why is the yen considered to be a 'safe haven' currency? If all the money starts flowing into the yen, won't that make the yen stronger--and negatively affect this country's exports? Just askin' since I'm a relative newbie and have no economic training at all.
This is a great position to long UJ. entry 122.50 tp set at 125.2 .
Quoting wildbill2u
Why is the yen considered to be a 'safe haven' currency? If all the money starts flowing into the yen, won't that make the yen stronger.......
historically one of the largest GDP's #3 still. One of the largest and most borrowed currency. Carry trade, borrowing of the yen (since they have such low interest rates) on the cheap to use to buy assets of other countries with better returns. Japan is the largest creditor in the world. They also have a hearty trade surplus of the oldest major economy in the world.
What a day... Now all we need is some SNBomb as an icing on the cake!!
Quoting dolamite
historically one of the largest GDP's #3 still. One of the largest and most borrowed currency. Carry trade, borrowing of the yen (since they have such low interest rates) on the cheap to use to buy assets of other countries with better returns. Japan is the largest creditor in the world. They also have a hearty trade surplus of the oldest major economy in the world.
Doesn't the Yen get a lot stronger and their exports more difficult to sell with a lot of currencies fleeing to this 'safe haven'? Will Japan Inc. like that? I think Japan is a dangerous currency in some respects because they have such a marriage between business and government that they can turn on a dime.
Quoting wildbill2u
Doesn't the Yen get a lot stronger and their exports more difficult to sell with a lot of currencies fleeing to this 'safe haven'? Will Japan Inc. like that? I think Japan is a dangerous currency in some respects because they have such a marriage between business and government that they can turn on a dime.
But then again, wasn't it too long ago that Kuroda et al. were proclaiming that they were comfortable with U/J at 110-115 level? Because Japan imports a lot of raw materials and energy so anything higher meant it was simply becoming expensive for the country. Granted U/J at 115, never mind 110, was months ago now and in that period oil has dropped even further so that was a nice buffer for them. I shy away from trading Yen myself and now with Yuan devaluation, that's been causing grumbling and could see new shock devaluations.
Enter Signature
Quoting wildbill2u
Why is the yen considered to be a 'safe haven' currency? If all the money starts flowing into the yen, won't that make the yen stronger--and negatively affect this country's exports? Just askin' since I'm a relative newbie and have no economic training at all.
Dolamite explained it perfectly.

It's more money flowing out of U/J than money flowing into the yen. Ever heard of the carry trade? You sell the currency with a lower interest rate (yen) in favor of a country with a higher interest rate or prospects of a higher interest rate (dollar). U/J longs have been heavily crowded because of a potential Fed rate hike, but uncertainty surrounding the timing of the Fed rate hike has led to risk-off sentiment in which traders are rushing to exit overcrowded positions. U/J longs, gold shorts, equity longs, etc are being closed out perfectly in line with risk aversion sentiment.

The way E/U has acted it's become fairly evident that the euro is now a funding currency for the carry trade.
Don't go long until 121.7
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  • Posted: Aug 21, 2015 6:54am
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     Newsstand
    Category: High Impact Breaking News
    Comments: 15  /  Views: 5,553