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USD/JPY Discussion

  • #15,621
  • May 20, 2010 10:53pm May 20, 2010 10:53pm
Quoting realjumper
Last time they did, they said so!! They said that if 85 is realised, then the BOJ will take action.....and so they did. This was about a week to 10 days prior to 85 being hit
Where can you find this announcement? Thanks.
  • #15,622
  • May 20, 2010 10:57pm May 20, 2010 10:57pm
Quoting Usdjpy
Where can you find this announcement? Thanks.
If they decide to intervene, you'll know! They make it well known via places like bloomberg etc. Just keep an eye on the news....it will be hard to miss!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,623
  • May 20, 2010 10:59pm May 20, 2010 10:59pm
Quoting realjumper
If they decide to intervene, you'll know! They make it well known via places like bloomberg etc. Just keep an eye on the news....it will be hard to miss!
Thank you very much! I'll keep a close watch. Happy trading!
  • #15,624
  • May 20, 2010 11:06pm May 20, 2010 11:06pm
Quoting Usdjpy
Thank you very much! I'll keep a close watch. Happy trading!
You're welcome.....if I find anything noteworthy I'll let everyone know on this forum
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,625
  • May 21, 2010 12:03am May 21, 2010 12:03am
Very likely the short term bearish trend will continue. 88.20/30 level will be tested before any upswing.
  • #15,626
  • May 21, 2010 12:17am May 21, 2010 12:17am
TOKYO, May 21 (Reuters) - Japanese Chief Cabinet Secretary Hirofumi Hirano said on Friday that the government is monitoring currency and stock markets.

"These are something the government always has to monitor. We will keep monitoring the numbers," Hirano told a news conference, when asked about the latest market moves.

They are getting concerned!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,627
  • May 21, 2010 12:27am May 21, 2010 12:27am
Quoting Usdjpy
Very likely the short term bearish trend will continue. 88.20/30 level will be tested before any upswing.
You could be right...have to see whether this wedge breaks down or not....
Attached Image (click to enlarge)
Click to Enlarge Name: wedge.jpg Size: 108 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,628
  • May 21, 2010 1:00am May 21, 2010 1:00am
Quoting realjumper
Last time they did, they said so!! They said that if 85 is realised, then the BOJ will take action.....and so they did. This was about a week to 10 days prior to 85 being hit
actually because of EURO weakness, then investor move their money into a safer currencies in this case USD and JPY, while the USD shows many red number this last few week so there is more people moving their money to yen. this is just my opinion. just wait for the US to shor their green number.
  • #15,629
  • May 21, 2010 1:08am May 21, 2010 1:08am
Quoting yeri
i just add more long transaction at 90.63, but who knows this pair going down to 89.20 so i put more long at that level. i'm putting my mine at this pair a lot of mine. so i can not trade other pair for this momment. well hopefully this pair will back to 94.xx soon if not then i'm doomed.
U may wanna consider liquidating your 89.xx and go long again if it drops further. Just my 2cents.
  • #15,630
  • May 21, 2010 1:08am May 21, 2010 1:08am
Quoting yeri
actually because of EURO weakness, then investor move their money into a safer currencies in this case USD and JPY, while the USD shows many red number this last few week so there is more people moving their money to yen. this is just my opinion. just wait for the US to shor their green number.
The strong USD and Yen are indeed a result of people moving away from the Euro, as I said before.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,631
  • May 21, 2010 1:13am May 21, 2010 1:13am
it sure this pair is hard to break 90.30 level. i dont know about tonight but hopefully monday we will allready at 92.xx.
  • #15,632
  • May 21, 2010 1:19am May 21, 2010 1:19am
Anything can happen and will happen for this pair. The candles don't look too good. I maybe wrong. Trade wisely.
  • #15,633
  • May 21, 2010 1:53am May 21, 2010 1:53am
ow, i should trade smartly and wisely.. i already put long on this pair,.. and its look like will not bullish anymore..
i hope this would not happen..
  • #15,634
  • May 21, 2010 2:36am May 21, 2010 2:36am
Wedge broken......
Attached Image (click to enlarge)
Click to Enlarge Name: broken.jpg Size: 112 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,635
  • May 21, 2010 2:42am May 21, 2010 2:42am
More downside expected before the rally to 95.xx. Buying @ dips for now.
  • #15,636
  • May 21, 2010 3:15am May 21, 2010 3:15am
Bought @ 89.80 TP @ 90.00 for quick bucks ! Lucky!
  • #15,637
  • May 21, 2010 3:32am May 21, 2010 3:32am
interesting news - USD/JPY
Finance Minister Hint At Action Pushes Yen Down

TOKYO (Dow Jones)--Japan's finance minister Friday hinted at possible government action to prevent any further rises in the yen, spooking investors into pushing the currency lower in Asian trading.
"Markets in principle should determine foreign exchange rates, but I think we must closely watch (markets) and ensure that there won't be any excessive yen rises," Naoto Kan said at a news conference.
The yen touched a two-week high of Y88.95 against the dollar and an eight-and-a-half-year peak of Y109.47 against the euro Thursday amid Europe's escalating debt crisis. Kan declined to discuss the Japanese currency's specific levels.
The finance minister's comments underscore how worried the Japanese government has become that a strong yen may derail the country's gradual economic recovery by damaging its most important growth engine: exports. Prime Minister Yukio Hatoyama held an impromptu meeting with Kan later in the day and told Kan to carefully monitor financial markets, although he didn't call for any specific countermeasures against Japan's sliding stock markets and soaring yen.


http://e.nikkei.com/e/fr/tnks/Nni20100521D21JF033.htm
  • #15,638
  • May 21, 2010 3:46am May 21, 2010 3:46am
second there is a good idea? short 90.00 - Profit @89.30
  • #15,639
  • May 21, 2010 3:53am May 21, 2010 3:53am
Quoting mbforex74
second there is a good idea? short 90.00 - Profit @89.30
Buying @ dips is preferred for me. You may short if you want to. Anyway at this price level, both buying or selling can be profitable (If TP @ 20 or 30 pips).
  • #15,640
  • May 21, 2010 4:04am May 21, 2010 4:04am
Quoting Mary Silvert
interesting...
Interesting read. Thank you for sharing. Will "verbal intervention" work?
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