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USD/JPY Discussion

  • #18,361
  • Sep 7, 2010 8:30am Sep 7, 2010 8:30am
Quoting realjumper
Extremely large USD/JPY buying, to no avail
this should raise alarm............how come those bids did not materialize? The market is that long yen for a reason.....
  • #18,362
  • Sep 7, 2010 8:31am Sep 7, 2010 8:31am
Quoting Hugo Boss
Same meeting and same result... why did they ask for meeting???

I think if we have ability to "watch market moves closely" we can become a candidate for BOJ gov.
But, but, but.....we'll act 'decisively' if we see any moves in the market etc etc etc ......yeah, right-o then!!....lol....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,363
  • Sep 7, 2010 8:33am Sep 7, 2010 8:33am
Quoting mfoste1
this should raise alarm............how come those bids did not materialize? The market is that long yen for a reason.....
yes, it makes you wonder doesn't it?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,364
  • Sep 7, 2010 8:58am Sep 7, 2010 8:58am
Dumped the biatch for +10. Will buy again with a tighter SL when it gets to 50-53
Quoting need-help
Going long at 56 with a 10 pip SL
  • #18,365
  • Sep 7, 2010 9:00am Sep 7, 2010 9:00am
Quoting need-help
Dumped the biatch for +10. Will buy again with a tighter SL when it gets to 50-53
be careful.....those stops are likely to get taken out....this market is very heavy long yen.
  • #18,366
  • Sep 7, 2010 9:03am Sep 7, 2010 9:03am
Quoting mfoste1
be careful.....those stops are likely to get taken out....this market is very heavy long yen.
Yep....if these 'heavy buyers at 83.50' really are the ones who are trying to prop this up, you can bet your ass that the market is going to do it's best to go get their stops.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,367
  • Sep 7, 2010 9:09am Sep 7, 2010 9:09am
USA is very weak at the moment , isn't it ?
  • #18,368
  • Sep 7, 2010 9:11am Sep 7, 2010 9:11am
Quoting TheArcher
USA is very weak at the moment , isn't it ?

yes
  • #18,369
  • Sep 7, 2010 9:13am Sep 7, 2010 9:13am
Quoting need-help
Dumped the biatch for +10. Will buy again with a tighter SL when it gets to 50-53
what is biatch / biotch u keep mentioning ?
  • #18,370
  • Sep 7, 2010 9:13am Sep 7, 2010 9:13am
Quoting TheArcher
USA is very weak at the moment , isn't it ?
It is, but the Yen is strong to the point of being out of proportion....the swissie too. But a weak usd is good for US exports, and a weak euro is good for the same reason reason. The ones that are crying loudest, but not being heard, is the Japanese manufacturers/exporters
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,371
  • Sep 7, 2010 9:14am Sep 7, 2010 9:14am
Quoting mfoste1
be careful.....those stops are likely to get taken out....this market is very heavy long yen.
These are open orders and positions from Oanda. I see two large groups, guys already longing the pair and guys ready to sell whenever it goes up. These are retail traders and we are supposed to be wrong most of the times.
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  • #18,372
  • Sep 7, 2010 9:20am Sep 7, 2010 9:20am
Quoting TheArcher
what is biatch / biotch u keep mentioning ?
Sorry for the extra letter

And yes USD and Yen share this title depending on my trade

PS: pardon me if I got your question wrong
  • #18,373
  • Sep 7, 2010 9:21am Sep 7, 2010 9:21am
Quoting TheArcher
what is biatch / biotch u keep mentioning ?
  • #18,374
  • Sep 7, 2010 9:24am Sep 7, 2010 9:24am
Keep an eye on the 1090 level for S&P. If it goes below that, the yen could start cracking again.
If you don't risk, you don't ever have to lose.
  • #18,375
  • Sep 7, 2010 9:29am Sep 7, 2010 9:29am
Quoting need-help
Sorry for the extra letter

And yes USD and Yen share this title depending on my trade

PS: pardon me if I got your question wrong
ok , got it .

really appreciate ur discreetness .

thank you .
  • #18,376
  • Sep 7, 2010 9:35am Sep 7, 2010 9:35am
Quoting realjumper
Well this is interesting isn't it? The more rhetoric that comes from Japan govt/BOJ, the more the market keeps calling their bluff! Most people make the same mistake only once, but these guys are habitual...lol!
The mistake is in assuming that their rhetoric is meant for the forex market participants. I think their target audience is the Japanese exporters and the Japanese public just to act like they are doing something. They will point to their "easing" from their emergency meeting as concrete steps they took. The problem is that they know that market is now in punish the Japanese mode for no reason other than they can. They hedgies are probably really confident (maybe a tad overconfident?) that they can successfully take on a central bank and beat them into submission after the SNB debacle with the Swissy. Problem is that the economics and fundamentals are not on the Yen's side and the market will have to reflect it eventually. Like all bubbles, this one too will break, but in the meanwhile the U/J longs are being punished severely, myself included.
  • #18,377
  • Sep 7, 2010 9:43am Sep 7, 2010 9:43am
Quoting wontfindanam
The mistake is in assuming that their rhetoric is meant for the forex market participants. I think their target audience is the Japanese exporters and the Japanese public just to act like they are doing something. They will point to their "easing" from their emergency meeting as concrete steps they took. The problem is that they know that market is now in punish the Japanese mode for no reason other than they can. They hedgies are probably really confident (maybe a tad overconfident?) that they can successfully take on a central bank and beat...
Absolutely the target audience is the exporters and public.....but they must be getting sick of the same of bullshit day in, day out. You can only cry 'wolf' for a short while.....pretty soon everyone can see right through it. I think the Japanese govt/boj reached that point several weeks ago, but still they persist. They are making themselves look a bit silly.

You're right, the bubble will burst.....but will the Japanese govt survive long enough to see it?.....I'm not sure how their system works, but in the Westminster style governments, a vote of no confidence wouldn't be too far away!!.....well, perhaps not.....but you see what I'm saying?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,378
  • Sep 7, 2010 9:46am Sep 7, 2010 9:46am
Sleep time for me.....trade well!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,379
  • Sep 7, 2010 9:50am Sep 7, 2010 9:50am
Quoting realjumper
Sleep time for me.....trade well!!

later man see you in asian sesh
  • #18,380
  • Sep 7, 2010 9:58am Sep 7, 2010 9:58am
no mans land?
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