Which central bank doesn’t manipulate monetary matters? It’s their job actually. They cut or hike rates, print or eliminate their own currency, purchase or sell securities, other currencies, etc.

She played him so good.

Interesting EUR is rising against USD. Let’s see how it ends

The problem is not they want to cut now, the issue is the Fed increased the rate but almost all the time Fed was dovish, so it really did not take care of the underlying inflation problem. We observed all time high in the stocks and housing while we ...

Buy the rumor sell the news

Interesting to see which direction market is going. Will wait for Fed minutes tomorrow, but these levels are tempting for longing USD.

When I started forex trading many many years ago, I was a day trader. A day trader always loses, always. Sooner or later. Trade long term fundamentals and use major supply and demand lines with proper position size. It’s a winner.

Lol

No. Let the market reset itself and re price. That’s how you tame the inflation and deflate the bubble. You have to go through a recession. There’s pain and sorrow, but this is the only way to cure this disease.

Haha, it’s gonna be what Fed will do. I said this many times, rates have to be hiked before cut.

Yes you have to wait until after election

Dude, are you new to the game? You like to lose money? I don’t think you can find anyone in this forum that would be more into longing UJ than me, but it’s not the time. The emperor is awake and mad at us. If you didn’t short UJ last week, you ...

BOJ is getting smarter after each round of intervention. IMO this round is not limited to only one time intervention. They divided it into multiple interventions to scare the Yen shorts. I think we still see at least another one before long.

154 seems sticky. They have to increase the position size

When BOJ intervenes, they have to support it at least for a few weeks. I’m pretty sure they at least spent $50B last night. So it would be silly of them to just be done and let the Yen go down again quickly.

Nice oscillating around 155 and it’s gonna crash down even more.

The way UJ goes down(oscillating downward) it’s obvious it’s annihilating a lot of accounts.

It’s holiday in Japan. Just imagine UEDA in his PJ clicking in his VPN connected laptop to sell USD. lol

Post a new snap shot now.

It shows the financial condition and monetary policy is not tight enough. Fed should hike the rate and dump securities and MBS off of their balance sheet.