USD/JPY Discussion

We're getting one more rate hike in November and the BOJ is gonna intervene in the fx market.

Not much left to be bullish about.

When everyone expects an intervention to make free money then its probably not happening until retail traders got squeezed out before. It can easily go much higher to 152-155 but noone knows so in my opinion the best play is to leave it alone. I wouldnt feel comfortable holding a long or short over night at this point and short swaps are very punishing. That being said, boj arent market makers so it can still happen at anytime, but at the same time I think the real market maker will try use the anticipation and fear of an intervention to trap retail trader. They surely wont hold the bag when it starts to crash except if they plan to bring it back up again soon after.

Do you "see" a fall is coming or only I "see" it?

boj just intervened and all my trades just tp'ed. wow

you have a crystal ball or something?

And it's back up to whefe it was. Such intevention isn't useful. They must sustain it to make any sense.

I know but for retail traders like us, who were monitoring its a great opportunity.

BOJ is so predictable that I've predicted like the last 3 interventions within 24hrs.

There hasnt been any BOJ intervention yet. Just speculators slowly closing longs.

are we expect drop down by 147-146 price ?

I said earlier yen long positions in the futures market are more than double short positions and this started taking place about 2 weeks ago.

These big legs down always happen about an hour or two after European markets open.

It's not the Boj it's professionals selling into strength.

BOJ sell off will usually end up being around a 600-700 pip sell off and it happens over the course of several weeks.

Do I need one?
I just have balls. Isn't that almost the same? Is that enough? I think it is.

THANK YOU.. I don't know what these folk are talking about.

Big Balls is all you need pal

Double Top

Do you like my crystal ball?

Japan's GDP has fallen to 4th place.

https://news.yahoo.co.jp/articles/f9...58474e33e6a79d

This is the one I use...

The Kishida administration in Japan has seen its approval ratings decline due to numerous scandals. While his salary has not increased, he will be ridiculed as a tax increase and will be in even more trouble. The value of the yen will continue to fall for some time.

Yen Futures.

1. Total Long Positions: 331,617
2. Total Short Positions: 67,042

https://www.cftc.gov/MarketReports/C...ders/index.htm