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USD/JPY Discussion

Quoting jag1969
I've closed my short almost BE. I'll look for a new entry above 142.
I hope you could bank some pips with this scalp as well.

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Quoting jag1969
I'm short from 141.78. Does anybody believe in the possibility of a BoJ intervention?
YCC is wayy to important to Japan - the currency is firmly in second priority to the primary objective of managing bond yields. I suspect a strong yen will appear maybe in winter when the USD strength is dissipating.
Well.. Good Morning UJ. I see you have been busy. Approaching news on highs though.. not a good sign..
When you feel like you HAVE to trade is when you least should!
I do hate being wrong, but love it even more when I figure it out without losing money.
When you feel like you HAVE to trade is when you least should!
Short again at 142.37. TP 140.20. We'll see.
Quoting Vincent1
{image}
Update
I think we are in a good area of supply, ready to sell (long term, monthly chart)

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Quoting ForexGoose
{quote} i will scale in more long positions after daily closes above 140 tomorrow, maybe even after the NFP report, if it is strong my ideal bullish target is 143.4, but there could be pull-backs {image}
almost at 143.4, but there could be a pull-back in the near term and then a bullish trend towards 147.6
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don't believe in mumbo jumbo from gurus & charlatans
keep buying dips until intervention happens, when bulls all go bankrupt due to a crash

https://www.washingtonpost.com/busin...296_story.html

5. Could the government intervene?

Finance Minister Shunichi Suzuki hasn’t hinted at direct intervention in the currency market as an imminent possibility. If the government did step into markets to strengthen the yen, it would be the first time since 1998, when it and the US joined in a massive, coordinated yen-buying spree. Suzuki and other officials are hoping verbal warnings will be enough to slow the current slide of the yen. With the US focused on battling inflation and the yen’s weakness so closely linked to Japanese monetary policy, a joint intervention with the US faces a high bar. Unilateral interventions to prop up the yen in the past proved largely ineffective.
don't believe in mumbo jumbo from gurus & charlatans
Quoting ForexGoose
keep buying dips until intervention happens, when bulls all go bankrupt due to a crash https://www.washingtonpost.com/busin...296_story.html 5. Could the government intervene? Finance Minister Shunichi Suzuki hasn’t hinted at direct intervention in the currency market as an imminent possibility. If the government did step into markets to strengthen the yen, it would be the first time since 1998, when it and the US joined in a massive,...
No dips to buy.
Insolvent
Quoting ForexGoose
keep buying dips until intervention happens, when bulls all go bankrupt due to a crash https://www.washingtonpost.com/busin...296_story.html 5. Could the government intervene? Finance Minister Shunichi Suzuki hasn’t hinted at direct intervention in the currency market as an imminent possibility. If the government did step into markets to strengthen the yen, it would be the first time since 1998, when it and the US joined in a...

Just to clarify, the BOJ has intervene in the market quite often after 1998. So 1998 was not the last time.


https://finance.yahoo.com/news/histo...082044726.html


January 1999 to April 2000 - Bank of Japan sells yen at least 18 times, including once via the Federal Reserve and once via the European Central Bank, due to worries a strong yen will choke off an economic recovery. Yen continues to strengthen.

Sept 2001 - Bank of Japan intervenes to sell yen after the Sept. 11 attacks in the United States. The ECB and New York Federal Reserve both operate on behalf of the BOJ.

May-June, 2002 - Bank of Japan intervenes to sell yen, often supported by the Federal Reserve and ECB. The yen continues to gain.

March 2004 - The end of a 15-month campaign to curb the yen's rise in which Japan spends a total of 35 trillion yen, or more than $300 billion, on intervention.

Sept. 15, 2010 - Japan intervenes in the currency market for the first time in six years, selling yen to stem a rise in the currency after the dollar hits a 15-year-low at 82.87 yen.

March 18, 2011 - G7 nations jointly intervene to stem yen strength when the currency spikes to a record high in the aftermath of a massive earthquake, on speculation that Japanese firms would repatriate foreign assets to pay for reconstruction.

Aug and Oct - 2011 - Japan intervenes to curb gains that officials fear threaten to derail recovery from an economic slump triggered by the March earthquake and tsunami.
Fast rising US yield rates combined with current inverted yield curve seems bearish for all markets. And if interest rate continue to get out of control, I believe JPY should gains some strength. JPY always been safe haven in forex trading during panic and crashes. Shorting USD/JPY currently from 142.90.
First time since 2007 that short-term yields are higher than long-term yields (inverted yield curve) The debt market is very volatile and bearish at the moment in my view.
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Quoting Lekkim
First time since 2007 that short-term yields are higher than long-term yields (inverted yield curve) The debt market is very volatile and bearish at the moment in my view. {image}
how high can ujpy go
Quoting shakmoney
{quote} how high can ujpy go
Until the debt bubble pops, the real estate and stock market should be under pressure with these kind of interest rates already also. Good luck paying off your debts USA, just sayin', hehe
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Quoting shakmoney
{quote} how high can ujpy go
145 easily.
but i will not sell it before real wind down and daily consolidation
Insolvent
Almost maxed out my yen and gold longs, let's see 142.60 before end of day.
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Quoting Whale
{quote} 145 easily. but i will not sell it before real wind down and daily consolidation
how you get they number
All eyes on the USDJPY tonight. Expecting volatility.
Stubborn, often slow but still learning!
Quoting shakmoney
{quote} how you get they number
Ignore my number, i didnt measure it well thorough my phone app.

But i will not going to short it anyway.
The BOJ must say something about new policy that include rate hikes.
Insolvent
80 pips volatility in these hours is not everyday, hope for downside soon, haist
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