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- wontfindanam replied Aug 9, 2011
If they hadn't intervened, the U/J would be lower than 75. In that respect, their intervention was successful.
- wontfindanam replied Aug 4, 2011
Don't speak too soon. I think there are still several legs to go in this drama.
- wontfindanam replied Aug 4, 2011
38.1% Fib retrace of move from 77 to 80.2 might serve as support at 79. BoJ would be stupid to allow it to fall further after spending all this money. Edit: Oh well, that didn't hold. On to 78.6 for 50% fibo?
- wontfindanam replied Aug 3, 2011
You are thinking linearly here. You need to think like a politician. The MOF is under a lot of pressure to act from exporters. They have to show that they are proactive, even if it is ultimately ineffective. The problem is that noone can really ...
- wontfindanam replied Aug 3, 2011
Looks like someone is trying to force BoJ's hand here. I think they are trying to prod them to act before they are ready,ie, before the central bank meeting on Thu and Fri. My bet would be in China, who is the ultimate bad actor.
- wontfindanam replied Aug 2, 2011
I sense another crazy sell-off between 5-6pm EDT. This would bring out the BOJ big guns to curb the insanity + wipe out the low-grade shorts.
- wontfindanam replied Jul 28, 2011
My guess is that some prominent exporters will come out with simultaneous or joint announcements that they are moving production out of japan. My guess would be to the US or india and asean countries.
- wontfindanam replied Jul 21, 2011
Why? The yen is only up against the dollar.
- wontfindanam replied May 6, 2011
100% retrace of the earlier spike to 80.90 completed. Time to go back up to close the day, I think.
- wontfindanam replied May 5, 2011
I believe the reason it is different is because this time the drop is because of broad based dollar weakness and not yen strength. The last time, the EUR, CHF, AUD,CAD,etc were all several hundreds or even a thousand pips lower.
- wontfindanam replied Mar 31, 2011
If you keep trading on yesterday's news, you will never make a profit. Please take a look at the recent comments by FOMC members, with Kocherlakota the latest to join the fray today. The statements have been uniformly hawkish, with some ...
- wontfindanam replied Mar 16, 2011
I'm afraid there's going to be a second round of margin selling when the futures market opens at 6PM EDST.
- wontfindanam replied Mar 16, 2011
To put this in perspective, this is the second most traded currency in the world!!! Unimaginable!!
- wontfindanam replied Mar 16, 2011
It looks to me like a major hedge fund or account blowing up.
- wontfindanam replied Mar 16, 2011
Is this the mother of all margin calls?
- wontfindanam replied Mar 16, 2011
It's the extremely low liquidity Aussie hours. Potential for lots of mischief until Tokyo! I hope this is the cue for BOJ to intervene decisively!
- wontfindanam replied Nov 4, 2010
Does noone realize that the size of the proposed BOJ QE is equal to the size of QE2? Relative to the size of the economy, it is three times the size of QE2. Prices will have to catch up to reality eventually. Hopefully I'll still be around when it ...
- wontfindanam replied Nov 1, 2010
Don't mind me. I'm just pulling mima's leg...
- wontfindanam replied Nov 1, 2010
It's funny how amateurs such as you like to quote data about what other amateurs are doing to prove their amateur hypotheses. It's nice because other amateurs like me can call you out.
- wontfindanam replied Oct 20, 2010
Could be the China GDP leaked.