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- dejamls replied Oct 19, 2010
Is the BOJ doing something, why the climb past 81.50. I like the move.
- dejamls replied Oct 15, 2010
Hope so, even touch 80
- dejamls replied Oct 15, 2010
Yes, apparently... “There’s no fundamental reason for the yen to strengthen,” said Utsumi, who conducted Japan’s currency intervention after the signing of the Plaza Accord in 1985. “The more the yen strengthens, the bigger the reversal could be.” ...
- dejamls replied Oct 14, 2010
Cheers, well explains why no intervention and also IMO paves the way for further drop in USD/JPY without fear until 79 breaks, well maybe?
- dejamls replied Oct 14, 2010
IMO I think Bernake will say what he likes same as the Chinese will do what they like with their currency. In fact every nation IMO will try and protect their own currency/economies regardless of each other. The US will be the catalyst for the ...
- dejamls replied Oct 14, 2010
Well, wonder if it will continue its march downwards still and break into the 80's again. Fed Chairman Bernanke Speaks later. Sure QE will be spoken about some more. More rhetoric from Japan about watching FX.
- dejamls replied Oct 14, 2010
Could be big drop tonight with US news.
- dejamls replied Oct 14, 2010
Well Noda should order a intervention in response to Bernake's plan but chooses not too. Weird, if that US has already fired the first shot then one would think BOJ and Japans MOF would retalliate hard. They must be in collusion to achieve a mutual ...
- dejamls replied Oct 14, 2010
You got a link to that?
- dejamls replied Oct 14, 2010
IMO I think Noda says one thing but will likely / possibly do another thing. Wouldn't surprise me if they did a big hit initially. Its war and really anything is possible and polly's word are always vague.
- dejamls replied Oct 14, 2010
The pathetic showing of the dollar continued to cause fits for the Bank of Japan who watched their yen appreciate to fresh 15 year highs near 81.20. The immanent testing of the 81.00 level will surely open the door to threats on the 79.75 all time ...
- dejamls replied Oct 14, 2010
I'm mystified why they are taking so long to intervene if they thought it was all too important to intervene much higher up the first time. The trend hasn't chnaged at all - downwards. If they do intervene I think it would have to be the opposite ...
- dejamls replied Oct 13, 2010
Gut feeling is yes
- dejamls replied Oct 13, 2010
Thats why its really weird Noda hasn't ordered sustained large scale intervention. The big commerical's must be extremely worried and I suspect pressuring the government to do something soon.
- dejamls replied Oct 13, 2010
Noda is a wet paper bag for sure. No amount of verbal intervention will stop the rot. Noda needs to use the force of BOJ soon. Losing face, I think he lost it long ago when the intervention gave all it gains away.
- dejamls replied Oct 13, 2010
Yes very tight stops, just in case BOJ "intervenes" You just never know, just like Noda
- dejamls replied Oct 13, 2010
"Japanese Finance Minister Noda spoke to the lawmakers in parliament that 'he could not answer whether or not the government will conduct currency intervention as the yen hovers near a 15-year high versus the dollar" url Seems to me Noda not sure ...
- dejamls replied Oct 13, 2010
80 maybe on the cards today the way it is going. Nervous the longs remaining must be.
- dejamls replied Oct 13, 2010
Yep he trying to win a staring comp but every time he blinks it drops some more.
- dejamls replied Oct 11, 2010
Couple of buys so far this morning and looking Okish. Tight stops of 20 pips now set at BE. See if it does a runner. Nice if we have past the bottom of this horrible trend down.