Attachments: Daily GBP/JPY analysis

Daily GBP/JPY analysis

#4,041
Apr 26, 2007 6:36pm Apr 26, 2007 6:36pm

mysticgenie
Joined Feb 2007 | Status: Trader | 340 Posts

Buy G/Y now..Jap data weak...we are going to see 240-241 by tonite...if cable holds...Party on....

#4,042
Apr 26, 2007 6:41pm Apr 26, 2007 6:41pm

Plutonite
Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts

Quoting mysticgenie

Disliked

Buy G/Y now..Jap data weak...we are going to see 240-241 by tonite...if cable holds...Party on....

Ignored

Keep those fingers off the keyboard..more data to come later. Also this data is lame. No fireworks, no huge surprise, nothing. I'll wait another 20 min for the real nasties before jumping in.

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea

#4,043
Apr 26, 2007 6:42pm Apr 26, 2007 6:42pm

newjersey24
| Joined Feb 2007 | Status: Trader | 297 Posts

Quoting Plutonite

Disliked

Keep those fingers off the keyboard..more data to come later. Also this data is lame. No fireworks, no huge surprise, nothing. I'll wait another 20 min for the real nasties before jumping in.

Ignored

Whats coming in 20 minutes thats gonna be nasty?

#4,044
Apr 26, 2007 6:44pm Apr 26, 2007 6:44pm

Plutonite
Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts

Quoting newjersey24

Disliked

Whats coming in 20 minutes thats gonna be nasty?

Ignored

19:33We still have industrial production and retail sales at 7:50pm EDT.

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea

#4,045
Apr 26, 2007 6:48pm Apr 26, 2007 6:48pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

worse than f/c Core CPI vs. +ve Core Tokyo CPI.

But that is what I was looking for:

19:39 Weaker Japanese data could push back probability of a rate hike.

If worldwide CB officers wants JPY to "reflect fundamentals", CPI is bad enough to push it through 120

#4,046
Apr 26, 2007 6:52pm Apr 26, 2007 6:52pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

All Japan data STANK big time....

#4,047
Apr 26, 2007 6:53pm Apr 26, 2007 6:53pm

trader8686
| Membership Revoked | Joined Feb 2007 | 1,280 Posts

Quoting cesarnc

Disliked

All Japan data STANK big time....

Ignored

STANK ????

#4,048
Apr 26, 2007 6:54pm Apr 26, 2007 6:54pm

gagiul
| Joined Mar 2007 | Status: Jacko Trooper | 771 Posts

well this was a bluff at least after the release... when is the rate decision coming?

We leave no soldier behind.

#4,049
Apr 26, 2007 6:54pm Apr 26, 2007 6:54pm

Plutonite
Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts

Quoting cesarnc

Disliked

All Japan data STANK big time....

Ignored

Yes. I am long, this should be good for a scalp at least. And USD is not going to drop anytime soon now.

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea

#4,050
Apr 26, 2007 6:55pm Apr 26, 2007 6:55pm

trader8686
| Membership Revoked | Joined Feb 2007 | 1,280 Posts

Are the data good or bad???????

#4,051
Apr 26, 2007 6:55pm Apr 26, 2007 6:55pm

gagiul
| Joined Mar 2007 | Status: Jacko Trooper | 771 Posts

Quoting cesarnc

Disliked

All Japan data STANK big time....

Ignored

well I suppose we can start buying as soon as it goes over that 238.20 and live happily ever after....

We leave no soldier behind.

#4,052
Apr 26, 2007 6:56pm Apr 26, 2007 6:56pm

mysticgenie
Joined Feb 2007 | Status: Trader | 340 Posts

retail sales, ind prod, housedhold spending all lifelines of economy are down----jap economy is flat----tokyo fix will be interesting----U/Y will cross 120 & will pull up G/Y as well---
HAPPY HUNTING,

#4,053
Apr 26, 2007 6:56pm Apr 26, 2007 6:56pm

4x_Trader
Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts

240-242 will now be materialized in a short period of time the market is waiting for the last report w/c is the rate decision as well as the statement of boj b4 touching those levels welcome aboard guys!

#4,054
Apr 26, 2007 6:56pm Apr 26, 2007 6:56pm

DaveXXXX
| Joined Apr 2007 | Status: Trader | 94 Posts

Quoting cesarnc

Disliked

All Japan data STANK big time....

Ignored

lol, no kidding.
Looks like we have to wait for BOJ rate statement and/or BOJ Report for any real moevement.

#4,055
Apr 26, 2007 6:57pm Apr 26, 2007 6:57pm

trader8686
| Membership Revoked | Joined Feb 2007 | 1,280 Posts

So time to buy, ??? Can't tell.............

#4,056
Apr 26, 2007 6:58pm Apr 26, 2007 6:58pm

quickpips
| Joined Oct 2005 | Status: Trader | 90 Posts

Hopefully the Tokyo open will get it moving

#4,057
Apr 26, 2007 7:05pm Apr 26, 2007 7:05pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting trader8686

Disliked

STANK ????

Ignored

BIG TIME

Question was about whether or not Japanese economy is strengthening. Market was suspecting that it is. Trichet & gang's "currencies must reflect fundamentals", remember? They meant - "We know Japan is doing fine, raise that damn rate".

But Core CPI (read INFLATION) read -0.3% (DEFLATION) against -0.1% expected. This broke the upwards trend, at least for a while.

Retail Sales, super-related to inflation and ecomony's health came -1.3%, against 0.3% f/c (!!!!) and 0.2% previous.

this is the way I read. Still seaching commentaries

#4,058
Apr 26, 2007 7:07pm Apr 26, 2007 7:07pm