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USD/JPY Discussion

  • #15,721
  • May 24, 2010 10:13pm May 24, 2010 10:13pm
Quoting Usdjpy
I agree with you. What will be the low for this year? Any ideas?
No idea man.....maybe we have already seen the bottom.....maybe not. We have to trade what we see on the charts.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,722
  • May 24, 2010 10:16pm May 24, 2010 10:16pm
Quoting realjumper
No idea man.....maybe we have already seen the bottom.....maybe not. We have to trade what we see on the charts.....
I suspect more downside risk before any rally. Buying @ dips for now.
  • #15,723
  • May 24, 2010 10:21pm May 24, 2010 10:21pm
Quoting Usdjpy
I suspect more downside risk before any rally. Buying @ dips for now.
It's certainly possible. We are wandering around here at the moment....no direction at all, so we will have to be patient and see what opportunities present themselves.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,724
  • May 24, 2010 11:18pm May 24, 2010 11:18pm
It's now below 90.00. No sign of intervention. More downside expected.
  • #15,725
  • May 24, 2010 11:21pm May 24, 2010 11:21pm
Quoting Usdjpy
It's now below 90.00. No sign of intervention. More downside expected.
I doubt any intervention north of 85, but the fact that the Japan govt is making noises may be enough to avert the need to intervene.....time will tell....I'm out until the frankie hour at least
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,726
  • May 24, 2010 11:37pm May 24, 2010 11:37pm
i read a news a month or two month ago(i can not remember precisely) at bloomberg: Japan Gov will try his best to make the Yen weaker with out any direct intervention, all japan gov do is making loan and more loan to help the industries face the deflation and export problem.

at this level of USD/JPY pair i think Japan Gov will not so easy to make an intervention and they will wait for this pair back to his normal level by a more natural way, if this pair back to 85.xx then there is more strong chance they will do the intervention.
  • #15,727
  • Edited May 25, 2010 12:15am May 24, 2010 11:46pm | Edited May 25, 2010 12:15am
Quoting yeri
i read a news a month or two month ago(i can not remember precisely) at bloomberg: Japan Gov will try his best to make the Yen weaker with out any direct intervention, all japan gov do is making loan and more loan to help the industries face the deflation and export problem.

at this level of USD/JPY pair i think Japan Gov will not so easy to make an intervention and they will wait for this pair back to his normal level by a more natural way, if this pair back to 85.xx then there is more strong chance they will do the intervention.
I don't believe they will intervene at all. Even when it's 85.xx. Many years ago, the BOJ had verbally intervened @ anything below 100, the market went to 79.xx before climbing up (due to the Kobe Earthquake). Maybe its time to evaluate the real meaning of intervention?
  • #15,728
  • May 24, 2010 11:54pm May 24, 2010 11:54pm
Quoting Usdjpy
I don't believe they will intervene at all. Even when it's 85.xx. Many years ago, the BOJ had intervened @ anything below 100, the market went to 79.xx before climbing up (due to the Kobe Earthquake). Maybe its time to evaluate the real meaning of intervention?
Time will tell......read this
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,729
  • May 24, 2010 11:59pm May 24, 2010 11:59pm
Quoting realjumper
Time will tell......read this
Interesting read. Thanks for sharing. Will "verbal intervention" be enough?
  • #15,730
  • May 25, 2010 12:19am May 25, 2010 12:19am
History of Central Bank Intervention

http://www.reuters.com/article/idUSTRE64N3PA20100524
  • #15,731
  • May 25, 2010 12:36am May 25, 2010 12:36am
Quoting Usdjpy
History of Central Bank Intervention

http://www.reuters.com/article/idUSTRE64N3PA20100524
A good read....cheers
Doing what you like is Freedom. Liking what you do is Happiness.
  • #15,732
  • May 25, 2010 12:49am May 25, 2010 12:49am
scalp : demo sell
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  • #15,733
  • May 25, 2010 12:54am May 25, 2010 12:54am
bullseye !

+20pips
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  • #15,734
  • May 25, 2010 1:13am May 25, 2010 1:13am
INTERVENTION
http://www.reuters.com/article/idUST...pe=marketsNews
  • #15,735
  • May 25, 2010 1:42am May 25, 2010 1:42am
Quoting Usdjpy
A closing candle above 91.00 would signal an upswing to the high of 93.50 / 95.xx. A closing candle below 88.50 would signal a downward dive to 87.xx / 85.xx. If the day candle is very fast, don't buy @ 88.xx. Don't catch a falling knife. If the day candle is slow and took a few days to develop, buy @ 88.xx !
The above strategy is in play now!
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  • #15,736
  • May 25, 2010 2:19am May 25, 2010 2:19am
fingers crossed, first target 88.90
second target 87.81

88.90 should be hit
When life gives you lemons, make lemonade
  • #15,737
  • May 25, 2010 2:23am May 25, 2010 2:23am
Quoting Usdjpy
The above strategy is in play now!
drawing lines doesn't work in forex
When life gives you lemons, make lemonade
  • #15,738
  • May 25, 2010 2:24am May 25, 2010 2:24am
Quoting Mary Silvert
INTERVENTION
http://www.reuters.com/article/idUST...pe=marketsNews

this news dated :
Fri May 21, 2010 5:23am EDT
  • #15,739
  • May 25, 2010 2:25am May 25, 2010 2:25am
AUDCAD on the road to 0.8616
When life gives you lemons, make lemonade
  • #15,740
  • May 25, 2010 2:45am May 25, 2010 2:45am
Quoting micho
drawing lines doesn't work in forex
It works for me! I made alot of profits for many years: drawing lines and watching candle patterns !
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