DislikedBOJ dont want to waste thier effort of interve, and speculators don't want to risk their money by selling UJ..
I think UJ trend is pointing upwards....Ignored
A little beginner trader since 2006
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DislikedBOJ dont want to waste thier effort of interve, and speculators don't want to risk their money by selling UJ..
I think UJ trend is pointing upwards....Ignored
DislikedNo more interventions today in JPY. Letīs see whether speculators have the guts to attack BOJ like they did with SNB...Ignored
DislikedThis might be just talk.....but for what it's worth: http://www.forexlive.com/132252/all/...g-mof-officialIgnored
DislikedI was corrected quickly with that opinion (going short), going back to my plan
Will go long in 1 hour or so...Ignored
DislikedPivots USD/JPY
Res 3 89.50
Res 2 87.64
Res 1 86.61
Pivot 84.75
Sup 183.72
Sup 2 81.86
Sup 380.83Ignored
DislikedShort at 85.62 S/L 85.80 P/T 85.42
My play here is on the belief that the BOJ just sold yen up to the 85.67 level and is going to let the pair float until it gets back down into the levels seen around midnight last night. My feeling yesterday watching PA was that BOJ was opening the tap and closing it -- rather than modulating the stream. Anyway, really good resistance at 85.76 so i don't expect my stop to be hit.Ignored
Dislikedaverage intervention in yen 800-1000pips.
Intervention is badly needed by japanese traders and companies.
If the goverment serious in this issue , will see big rise
in eur and gbp during the coming days.Ignored
DislikedIt's hard to know what BOJ are truely doing, or going to do......we will be the last to know!! I'm sure shorts can work for some people, but not for me....not at this stage anyway. For me it's either long, or else sit it out and trade something else.Ignored
Dislikedafter havign a good nights sleep I think I have worked out why we will not see a rise in uj again till tomorrow.
tomorrow is options expiry.... they are giving all a chance to get rid of the puts they have been holding. The banking industry would not be happy if boj kept on ramping up uj before options expiry..... i am sure the stalling in uj has something to do with thisIgnored
Dislikedafter havign a good nights sleep I think I have worked out why we will not see a rise in uj again till tomorrow.
tomorrow is options expiry.... they are giving all a chance to get rid of the puts they have been holding. The banking industry would not be happy if boj kept on ramping up uj before options expiry..... i am sure the stalling in uj has something to do with thisIgnored