Mini Flash Crash G10FX/JPY? | Forex Factory

  • Mini Flash Crash G10FX/JPY?

Added at 9:55am

  • USD/JPY plunges again

    From forexlive.com

    A second wave of selling has hit USD/JPY • USD/JPY is down 266 pips and at the lowest levels since the first round of what was likely intervention a few hours ago.

Added at 9:56am

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BillyIdol
Apr 29, 2024 12:13pm
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Quoting OnlineAddict
{quote} First you were selling like crazy, now you want to buy like crazy?
Maybe I'm crazy
Reply
BillyIdol
Apr 29, 2024 10:37am
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Quoting Momofrmnyc
{quote} Dollar getting weaker against almost all its counterparts while Yen slowing rising upwards. I wonder how many billions were thrown for this move since 500-600 pip move today?
Not enough to stop water. Dam is already broken, yen has no fundamental support it's artificially inflated. FED will be hawkish also. Buy.
Reply
Momofrmnyc
Apr 29, 2024 10:31am
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Quoting Guest
USD/JPY You folks still think this is supply and demand? Hahahaha... At least few people figured out who we are trading against...
Dollar getting weaker against almost all its counterparts while Yen slowing rising upwards. I wonder how many billions were thrown for this move since 500-600 pip move today?
ww3361
Apr 30, 2024 5:14am
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Quoting Vancarbon
{quote} Look at the price action Jordan . It’s very different from previous, wouldn’t you say ?
Looks similar to previous big short squeezes in JPY to me.
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BillyIdol
Apr 29, 2024 10:57am
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Quoting Guest
It's actually perfect that the retail sentiment is shifting to being short JPY, that's when you know it's going to reverse and that the dumb money, most retail, will provide the liquidity to off load positions on.
Exactly.
Reply
jordanvic
Apr 30, 2024 2:36am
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Quoting Vancarbon
Where’s all the yen sellers gone ? Intervention has done its job . They’re timid now knowing each time they push it lower the intervention is waiting. Lower against the $ again today imo , buyer interest evaporating
isnt it up today?? already hit my TP today at 157. Wheres the damn intervention to 155 again, i want to repeat this trade again and again.
Reply
Momofrmnyc
Apr 29, 2024 10:44am
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Quoting BillyIdol
{quote} Not enough to stop water. Dam is already broken, yen has no fundamental support it's artificially inflated. FED will be hawkish also. Buy.
Start of the year we went from basically 140 - 160 with a minor pullback from 150-146. Even if it technically pulled back to 150 at this point it would be seen as a correction.

My issue is unless they're ready to use enough powder keg to bring it back to this year starting price or even lower this will just quickly rise up once again. It seems the markets are trying to play chicken with BOJ at this stage.
Trader#FDE7
Apr 29, 2024 10:52am
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It's actually perfect that the retail sentiment is shifting to being short JPY, that's when you know it's going to reverse and that the dumb money, most retail, will provide the liquidity to off load positions on.
Reply
OnlineAddict
Apr 29, 2024 11:55am
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Quoting BillyIdol
Prepering to buy like crazy at 153.
First you were selling like crazy, now you want to buy like crazy?
Reply
jaisis21
Apr 30, 2024 1:23am
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Quoting BillyIdol
{quote} Maybe I'm crazy
lol...
Reply
future911
Apr 29, 2024 9:55am
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That is my favorite pair
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future911
Apr 29, 2024 10:41am
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Regret the wage hikes now?
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jordanvic
Apr 29, 2024 9:57am
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Wash, rinse, repeat the trade
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BillyIdol
Apr 29, 2024 10:00am
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Prepering to buy like crazy at 153.
Reply
jordanvic
Apr 30, 2024 4:13am
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Quoting Vancarbon
{quote} Look at the price action Jordan . It’s very different from previous, wouldn’t you say ?
That's true, looks like equal buyers and sellers at current level.
Reply
rychupeja
Apr 29, 2024 12:12pm
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Quoting Guest
It's actually perfect that the retail sentiment is shifting to being short JPY, that's when you know it's going to reverse and that the dumb money, most retail, will provide the liquidity to off load positions on.
Is it though?
Attached Image (click to enlarge)
Click to Enlarge Name: oie_HFF5Nu1W4aNU.png Size: 13 KB
Reply
Trader#5FD4
Apr 29, 2024 10:03am
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USD/JPY
You folks still think this is supply and demand?
Hahahaha...

At least few people figured out who we are trading against...
Reply
Trader#FDE7
Apr 29, 2024 11:16am
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Quoting BillyIdol
{quote} Exactly.
Dude you're talking about buying at 153, this thing is going to 140... rebalancing starts May 1st which is the same day the FED releases. USD is going to tank vs the JPY. FED has to at least act like they will lower rates at some point this year to keep the 10y rate low. AND all tech indicators point to the pair being overbought.... retail will get killed.
Reply
Trader#FDE7
Apr 29, 2024 10:11am
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Quoting BillyIdol
Prepering to buy like crazy at 153.
At some point there will be a cascade of selling and this thing is going to 140
Reply
Trader#0576
Apr 29, 2024 10:31am
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Quoting Guest
{quote} At some point there will be a cascade of selling and this thing is going to 140
when it starts there will be no bottom. Most definitely not 140.
Reply
Trader#FDE7
Apr 29, 2024 11:19am
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Quoting Guest
{quote}when it starts there will be no bottom. Most definitely not 140.
that will be glorious.
Reply
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