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USD/JPY Discussion

  • #18,741
  • Sep 15, 2010 7:40pm Sep 15, 2010 7:40pm
was just reporting to expect more BOJ intervention tonight ...
  • #18,742
  • Edited 8:08pm Sep 15, 2010 7:55pm | Edited 8:08pm
Either they they pump up some more money or they just lose $40 billion USD/JPY. Without their help yen won't stand long at this level. See ya at 86.
  • #18,743
  • Sep 15, 2010 8:00pm Sep 15, 2010 8:00pm
Quoting forex_newguy
was just reporting to expect more BOJ intervention tonight ...
I don't know when, but this isn't over yet. I imagine that Japan will continue selling it's Yen, but I'm not so sure that we will see another massive move like yesterday though....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,744
  • Sep 15, 2010 8:16pm Sep 15, 2010 8:16pm
Quoting realjumper
I don't know when, but this isn't over yet. I imagine that Japan will continue selling it's Yen, but I'm not so sure that we will see another massive move like yesterday though....
They might intervene but more conspicuously and in smaller increments. I don't think they want to make the huge splash that they made last night.
Make your losses in demo. Earn your profits live.
  • #18,745
  • Sep 15, 2010 8:19pm Sep 15, 2010 8:19pm
THis is how i see USDJPY,we will see tomorow.I see strong Pattern for sell on good TL,my advice for toomorow sell position TP around 84.50-85.00,just my advice...
OPen sell only if H4 stick finish below previuse stick...


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #18,746
  • Sep 15, 2010 8:23pm Sep 15, 2010 8:23pm
So if they continue the action taget looks to break the 86.00 mark to which then may trigger the sell off
who raped silver !
  • #18,747
  • Sep 15, 2010 8:29pm Sep 15, 2010 8:29pm
Quoting Petar_Serbia
THis is how i see USDJPY,we will see tomorow.I see strong Pattern for sell on good TL,my advice for toomorow sell position TP around 84.50-85.00,just my advice...
OPen sell only if H4 stick finish below previuse stick...


Cheers

Petar
I can't sell this......way too far above the Daily Pivot for me!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,748
  • Sep 15, 2010 8:35pm Sep 15, 2010 8:35pm
Quoting Petar_Serbia
THis is how i see USDJPY,we will see tomorow.I see strong Pattern for sell on good TL,my advice for toomorow sell position TP around 84.50-85.00,just my advice...
OPen sell only if H4 stick finish below previuse stick...


Cheers

Petar
Quoting realjumper
I can't sell this......way too far above the Daily Pivot for me!!
Ahhh the beauty of differing opinions.......the source of market movements
  • #18,749
  • Sep 15, 2010 8:36pm Sep 15, 2010 8:36pm
looking for another +40 pips !
  • #18,750
  • Sep 15, 2010 8:42pm Sep 15, 2010 8:42pm
Quoting ertorque
Ahhh the beauty of differing opinions.......the source of market movements
Absolutely! There's no right or wrong way.....making pips is what we're all here for!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,751
  • Sep 15, 2010 9:05pm Sep 15, 2010 9:05pm
dont be so rush guys, there is a chance for the japan will do the intervention if needed. let see today market very closely and also watch the BOJ website also......
  • #18,752
  • Sep 15, 2010 9:26pm Sep 15, 2010 9:26pm
the BOJ should have just shorted it till 81 , and then buy everything at 81 with the rest of the world..
  • #18,753
  • Sep 15, 2010 9:59pm Sep 15, 2010 9:59pm
guys, sorry for this stupid question of a newbie like me .

Isn' it easier for BOJ to weaken their currency than strengthen it?
What if the BOJ just print out yen? It does make the yen weak, doesn't it?
  • #18,754
  • Sep 15, 2010 10:08pm Sep 15, 2010 10:08pm
Quoting gunawan98
guys, sorry for this stupid question of a newbie like me .

Isn' it easier for BOJ to weaken their currency than strengthen it?
What if the BOJ just print out yen? It does make the yen weak, doesn't it?
I don't think it is a stupid question, one reason might be is that I can't answer it. I would think that cranking up the printing presses would not have much of an immediate effect.
  • #18,755
  • Sep 15, 2010 10:34pm Sep 15, 2010 10:34pm
Quoting Forexia
They might intervene but more conspicuously and in smaller increments. I don't think they want to make the huge splash that they made last night.
did anyone see boj intervention or was the 1st 100 pip of the move created by them , did they really drop 12 billion into the markets ? and was the rest done on ' wild fire news trading '

sure looks like boj lost interest in intervening

the whole market is whacked right now.... quadruple witching friday... only happens 4 times a year and makes the market act whacked
Blogging daily now at www.volume.zone
  • #18,756
  • Sep 15, 2010 10:37pm Sep 15, 2010 10:37pm
Quoting malcolmb14
did anyone see boj intervention or was the 1st 100 pip of the move created by them , did they really drop 12 billion into the markets ? and was the rest done on ' wild fire news trading '

sure looks like boj lost interest in intervening

the whole market is whacked right now.... quadruple witching friday... only happens 4 times a year and makes the market act whacked
I can't give you pip by pip commentary, but the BOJ made several sells of the yen yesterday.....China did a big buy, and BOJ responded with another sell......it's also been said that USA supported with a yen sell of it's own. You can check out yesterdays forexlive commentary for a more accurate picture
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,757
  • Sep 15, 2010 10:40pm Sep 15, 2010 10:40pm
here's a link for you Malcolm: http://www.forexlive.com/132430/all/...record-y2-trln
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,758
  • Sep 15, 2010 10:43pm Sep 15, 2010 10:43pm
Quoting Astroman
I don't think it is a stupid question, one reason might be is that I can't answer it. I would think that cranking up the printing presses would not have much of an immediate effect.
even if the japan print yen they still need to sell it right? even we don't know the yesterday money that is used to intervene come from the newly printed money? or from the internal budget?i read it from bloomberg they still have a lot of stock of money just to intervene the currencies market.
  • #18,759
  • Sep 15, 2010 10:45pm Sep 15, 2010 10:45pm
I do not really care who did what

the boj intervention screwed up the long gu playing out and made it all choppy and nasty due to their demand for dollars

as the forex market becomes more and more popular there is way more manipulation and the markets do not flow as well as they did a number of years ago. Traders of all types will do everything to take the small mans money. I wonder how many billions have been lost by newbie retail traders into the pockets of the sharks.

this BOJ bs move seems something just like that designed for both bulls and bears to loose money
Blogging daily now at www.volume.zone
  • #18,760
  • Sep 15, 2010 10:46pm Sep 15, 2010 10:46pm
Quoting malcolmb14
did anyone see boj intervention or was the 1st 100 pip of the move created by them ,

sure looks like boj lost interest in intervening
The first 100 Pip move? The day before intervention it dropped about 100 pips and it looked like it was getting ready to take another plunge before they did. The only reason that I could see for that was that the new PM was less likely to intervene. So much for that. Even if they would not have actually intervened if they would have just came out with a press release stating that they were more open to an intervention policy that alone would have been good enough for a 100+ Pips.

Lost interest in intervention?

No. Be patient. I think they will be intervening for the next couple months but not every day.

85'ish seems like an important level for now. If it gets down there it will be interesting to see what happens.
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