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USD/JPY Discussion

  • #18,701
  • Sep 15, 2010 6:58am Sep 15, 2010 6:58am
Quoting realjumper
This might be just talk.....but for what it's worth: http://www.forexlive.com/132252/all/...g-mof-official
I will now watch it closely and take decisive steps if needed. LOL.
  • #18,702
  • Sep 15, 2010 7:01am Sep 15, 2010 7:01am
Quoting 7bit
I will now watch it closely and take decisive steps if needed. LOL.
Noda....is that you??
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,703
  • Sep 15, 2010 7:04am Sep 15, 2010 7:04am
Quoting 7bit
I will now watch it closely and take decisive steps if needed. LOL.
If you don't risk, you don't ever have to lose.
  • #18,704
  • Sep 15, 2010 7:06am Sep 15, 2010 7:06am
D1:

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0134.png Size: 21 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #18,705
  • Sep 15, 2010 7:10am Sep 15, 2010 7:10am
Quoting USD-Bear
D1:
Not me
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,706
  • Sep 15, 2010 7:17am Sep 15, 2010 7:17am
This may sound a bit out of the walk but I think it's to the benefit of the US to help Japan here. Their's many different ways Japan could have proposed the US to help them out here if they were to aliviate pressure in FX markets. Politicals etc. come to mind.
  • #18,707
  • Sep 15, 2010 7:27am Sep 15, 2010 7:27am
Quoting USD-Bear
anyone in for shorts here?
The Japanese intervention treasure chest (more here) is too big compared to my account, so I'll just let it slip this time.
If you don't risk, you don't ever have to lose.
  • #18,708
  • Sep 15, 2010 7:39am Sep 15, 2010 7:39am
Quoting bug
The Japanese intervention treasure chest (more here) is too big compared to my account, so I'll just let it slip this time.
That's not a bad sized account to play with!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,709
  • Sep 15, 2010 7:57am Sep 15, 2010 7:57am
uh oh....the rhetoric is starting again....Will intervene again in Tokyo tomorrow, if necessary: MOF forexlive.com
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,710
  • Sep 15, 2010 8:09am Sep 15, 2010 8:09am
How much more free money do these dodos intend on just giving away....

Might as well mail it over.
  • #18,711
  • Sep 15, 2010 8:44am Sep 15, 2010 8:44am
Ha, ha

BOJ now doing it at 50 increments: earlier bought off circa 85.0 to stop Chinese Y buying; now a big bounce off 85.50.

ForexLive: "We were already slipping slightly when China entered the market selling aggressively and we got back down to around 85.00 before renewed BOJ buying sent us back up again. "

http://www.forexlive.com/category/all/page/2

And started it all off just below 83.
  • #18,712
  • Sep 15, 2010 8:49am Sep 15, 2010 8:49am
Quoting realjumper
uh oh....the rhetoric is starting again....Will intervene again in Tokyo tomorrow, if necessary: MOF forexlive.com

yea shorts might try to drive this down......boj will probably intervene if they do.
  • #18,713
  • Sep 15, 2010 8:54am Sep 15, 2010 8:54am
Quoting mfoste1
yea shorts might try to drive this down......boj will probably intervene if they do.
Yep, that's what I figure too. There's no point in them shooting all their bullets at once. I imagine the goal is to get rid of the overwhelming number of shorters to bring some stablitiy to the Yen, rather than push it over a line in the sand like (say) 90.xx or wherever
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,714
  • Sep 15, 2010 9:39am Sep 15, 2010 9:39am
just buy the dips, don't fight it, last intervention was early 2003 to March 2004, the Japanese intervened on 129 of those days

it is just so easy to trade the yen now, just by usdjpy on dips and don't use a stop but average down, the intervention is on your side
  • #18,715
  • Sep 15, 2010 9:55am Sep 15, 2010 9:55am
As soon as there is any reversal signs, I am shorting. Whatever goes up must come down and the faster they went up, the faster they will fall.

Law of Physics. When any Technical Analysis rules fail, law of Physics will always prevail.
Make your losses in demo. Earn your profits live.
  • #18,716
  • Sep 15, 2010 10:17am Sep 15, 2010 10:17am
Quoting Forexia
As soon as there is any reversal signs, I am shorting. Whatever goes up must come down and the faster they went up, the faster they will fall.

Law of Physics. When any Technical Analysis rules fail, law of Physics will always prevail.
I think BoJ means business, don't know which price they want but I guess they'll protect it. Shorting yen is ... risky
  • #18,717
  • Sep 15, 2010 10:40am Sep 15, 2010 10:40am
I would be very wary of trying to short the U/J right after an invention has started.
Quoting Forexia
As soon as there is any reversal signs, I am shorting. Whatever goes up must come down and the faster they went up, the faster they will fall.

Law of Physics. When any Technical Analysis rules fail, law of Physics will always prevail.
  • #18,718
  • Sep 15, 2010 10:47am Sep 15, 2010 10:47am
I will be careful. Thanks for the advices.
Make your losses in demo. Earn your profits live.
  • #18,719
  • Sep 15, 2010 11:28am Sep 15, 2010 11:28am
It's just so amazing that after all those actions last night, today, the pair barely moved a millimeter in the NA session.

Hello! Calling for traders!! Is there a trader in the house?
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  • #18,720
  • Sep 15, 2010 11:41am Sep 15, 2010 11:41am
is it successfull intervention?
so far it climb up without turning back.
next target at least 89?
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