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USD/JPY Discussion

Quoting investing101
{quote} What time did they intervene last time?
They intervened on Sep 22. After 2pm Tokyo time, I believe.

It was after the FOMC meeting on Sep 21, and after BOJ presser on Sep 22 noon (Japan time).

Price was at 145.80 when they sold USD with help of Swiss bank, to buy back yen. These two banks have opposing interests, Swiss desperately want their currency to weaken, while Japan wants a stronger currency. So, they paired up and rock the market.

Intervention or not, there will be some pullback in near team. My view is, this pair cannot just go straight to 160 without retracing.
What caused the 1000+ pips movement at 9:20 am EST?
Quoting pozl
What caused the 1000+ pips movement at 9:20 am EST?
It might be the work of Swiss bank. They always worked in pair. See my previous post #86061.

It was easier to disguise manipulations especially during high impact news releases, so nobody would know. People would think price movements was solely the impact from US CPI releases.
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Quoting ICouldBWrong
Let's not forgot that we're not too far off from the the 1998 high. There's bound to be some resistance somewhere around that mid 147 area. {image}
Like I said... 1998 high peaked at 147.67. Where did it stop today? At 147.67.. exactly to the pip, followed by a 100 pip spike downward. These things aren't coincidences. Now let's see if it holds..
Quoting pozl
What caused the 1000+ pips movement at 9:20 am EST?
Resistance from a 20+ year high.
Quoting ForexGoose
{quote} 147.6 is the next target for me {image}
target reached, next target is 150 for me
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
i will add more buy orders with a target of 150 once the price exceeds 147.6 again
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting pozl
What caused the 1000+ pips movement at 9:20 am EST?
Are you fucking drunked? It was 100 pips not 1000

Damn idiots
The only prayer you need is Thankyou
GTFX 2023 All Time Pips: 6,276
Let’s go 147 baby
Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
Let’s go 147 baby
calculations are that ride down far away it is. good to see still around you are.
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I am wrong alot. trade at your own risk.
Quoting cchin
{quote} It might be the work of Swiss bank. They always worked in pair. See my previous post #86061. It was easier to disguise manipulations especially during high impact news releases, so nobody would know. People would think price movements was solely the impact from US CPI releases. {image}
Thanks though I guess JPY is the main cause? EURUSD shows no volatility at 9:20 and the CHF volatility is lower than JPY
Looking at the trend, it's going higher and higher.
Common sense tells me to buy, but I'm normally wrong, so I should sell?!

Seriously though, there's bound to be a retrace, be there an intervention or not.
That's just common sense........but then again I'm normally wrong..........

So confusing!!
Expect the unexpected; take your profit and run.
@SckT you are right in the sense of it going higher and higher. You are also correct with the intervention.

You have current direction and the reason why it would turn.

So let's have it make sense.

How is one to enter? That depends on timing and risk appetite. You know the type of trader you are.

For me, I am to the side until the intervention. Global pressure is increasing.

As a saying goes, "Pressure burst pipe".

Will I miss the initial move? Yes.

Will I have confirmation in terms of directional bias when the decision happens? Yes.

Will I have an opportunity to enter in a confirmed direction? Yes.

What are the things that will invalidate that direction?

Ultimately you know the decision that Japan has to make and the direction it will move the market.

One of the things I tend to do, is not make the decision before the decision makers.

Sitting on your hands doing nothing sometimes is the best thing.

I would rather been out of a trade wishing I was in.

Than in a trade wishing I was out.

Just agreeing with you!
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Quoting adnanc
@SckT you are right in the sense of it going higher and higher. You are also correct with the intervention. You have current direction and the reason why it would turn. So let's have it make sense. How is one to enter? That depends on timing and risk appetite. You know the type of trader you are. For me, I am to the side until the intervention. Global pressure is increasing. As a saying goes, "Pressure burst pipe". Will I miss the initial move? Yes. Will I have confirmation in terms of directional bias when the decision happens? Yes. Will I have...
Thank you so much for this...

At some certain point, this has to come down... I am looking to watch out for those points and make them my points of entry. So I am looking at a huge fall to take advantage of. For now, I am trading other pairs with good direction and I am already making profit.

Remember I mentioned entering USDJPY at 144.654 with 0.75 lots and leaving at 146.500 because I know my equity will not survive any intervention that would take it down to anything below 144.200 which from what I have studied usually happens from the hostory.

So, I am happy I withdrew my huge profits and I still have little left I am willing and patient to grow again.
Wow!!!

And it goes...

Expect an intervention... or NOT!
150 is the next target
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Took another short position at 148.31.
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Quoting cchin
Took another short position at 148.31. {image}
Bruh... hedge the sells until you see some convincing downturn. stop stacking losers
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} Bruh... hedge the sells until you see some convincing downturn. stop stacking losers
32 year high, intervention could be soon
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