"Millionaires don't use astrology, billionaires do"
- #3,866
- Aug 2, 2010 6:17am Aug 2, 2010 6:17am
- | Commercial User | Joined May 2009 | 5,751 Posts
Morning guys,
I still waiting 118.50 for this pair from 111.00
,we will see i think we can see eurjpy on that price this week
CHeers
I still waiting 118.50 for this pair from 111.00
,we will see i think we can see eurjpy on that price this week CHeers
"Buy on fear, sell on greed !!!
- #3,867
- Aug 2, 2010 6:24am Aug 2, 2010 6:24am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Morning guys,
I still waiting 118.50 for this pair from 111.00
CHeers
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,868
- Aug 2, 2010 6:28am Aug 2, 2010 6:28am
- | Commercial User | Joined May 2009 | 5,751 Posts
That's a big call Petar....mind if I ask what your thinking behind it is?
Reasons for my long position you can find here >
http://www.forexfactory.com/showpost...postcount=3764
http://www.forexfactory.com/showpost...postcount=3765
CHeers
"Buy on fear, sell on greed !!!
- #3,870
- Aug 2, 2010 6:30am Aug 2, 2010 6:30am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Yes I remember those....I was meaning '118.50' *this week*......that's quite a call!!
Yea my friend i have SL at Be from last week now just waiting >
Reasons for my long position you can find here >
http://www.forexfactory.com/showpost...postcount=3764
http://www.forexfactory.com/showpost...postcount=3765
CHeers
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,871
- Aug 2, 2010 6:49am Aug 2, 2010 6:49am
- | Commercial User | Joined May 2009 | 5,751 Posts
Yes I remember those....I was meaning '118.50' *this week*......that's quite a call!!
last mused about the possibility of Japanese Yen intervention in June (Japanese Yen: 90 or 95?): “It seems that anything between 90 and 95 is acceptable, while a drop below 90 is cause for intervention.” Since then, the Japanese Yen has fallen below 86 Yen per Dollar (the USD/JPY pair is now down 7% on the year), and analysts are beginning to wonder aloud about when the Bank of Japan (BOJ) will step in.
The BOJ last intervened in 2004. Given both the price tag ($250 Billion) and the fact that in hindsight its efforts were futile, it appears somewhat determined to avoid that route if possible. In addition, any intervention would have to be implemented unilaterally, since the goal of a cheaper Yen is not shared by any other Central Banks. As if that were not enough, the cause of intervention would be further contradicted by improving reports on the economy and by higher-than-forecast earnings by Japanese exporters, both in spite of the strong Yen.
Cheers
"Buy on fear, sell on greed !!!
- #3,872
- Aug 2, 2010 7:00am Aug 2, 2010 7:00am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I expect this week becouse BOJ have many warnings and pressures to step in about JPY.Usually BOJ respond around 90-100 (USDJPY) now USDJPY is 86.50 very low for me and i think this week BOJ can make step...THis is also new from today >
last mused about the possibility of Japanese Yen intervention in June (Japanese Yen: 90 or 95?): “It seems that anything between 90 and 95 is acceptable, while a drop below 90 is cause for intervention.” Since then, the Japanese Yen has fallen below 86 Yen per Dollar (the USD/JPY pair is now down 7% on the year),...
I don't see BOJ stepping in while uj is above 85....and even then, for the very reasons stated, it's a step that I wouldn't think they would take lightly. For sure, sub 85 will be a real headache for their export led recovery, but such intervention may not have the desired effect. Time will tell.
Doing what you like is Freedom. Liking what you do is Happiness.
- #3,873
- Aug 2, 2010 7:21am Aug 2, 2010 7:21am
- | Commercial User | Joined May 2009 | 5,751 Posts
I see...thanks for that.
I don't see BOJ stepping in while uj is above 85....and even then, for the very reasons stated, it's a step that I wouldn't think they would take lightly. For sure, sub 85 will be a real headache for their export led recovery, but such intervention may not have the desired effect. Time will tell.
I am glad that i can help you
"Buy on fear, sell on greed !!!
- #3,876
- Aug 2, 2010 12:39pm Aug 2, 2010 12:39pm
- | Commercial User | Joined May 2009 | 5,751 Posts
Hi Petar. Thanks for your excellent posts. Are you holding any longs on usd/jpy. Thanks
"Buy on fear, sell on greed !!!
