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USD/JPY Discussion

  • #18,761
  • Sep 15, 2010 10:47pm Sep 15, 2010 10:47pm
Quoting malcolmb14
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...
Oh sorry....I thought from your question that you were interested....my bad.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,762
  • Sep 15, 2010 10:50pm Sep 15, 2010 10:50pm
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?
What the BOJ want is immediate effect. The yen was strengthening with speculators on the bandwagon.
They are now out with cautionary steps to jump in again.
Intervention plays mind games.
One thing is for sure market will test or tease them again. Cat and mouse games have begun.
  • #18,763
  • Sep 15, 2010 10:50pm Sep 15, 2010 10:50pm
Quoting realjumper
here's a link for you Malcolm: http://www.forexlive.com/132430/all/...record-y2-trln
found this interesting :

The government and Bank of Japan carried out their first currency
market intervention in six and a half years during Tokyo trading hours.
They are expected to continue these efforts in the days to come in a bid
to stem the yen’s rise against the dollar.

HOLD ON ... wasn't the uj way lower than 83 in 2008 yet there was only rumour of intervention .... makes me wonder if this is not a case of media outlets being used to manipulate market. ....

lol stay tuned for the next episode.

Of course i say all this with tongue in cheek .... but sometimes I wonder.
Blogging daily now at www.volume.zone
  • #18,764
  • Sep 15, 2010 10:55pm Sep 15, 2010 10:55pm
Quoting malcolmb14
HOLD ON ... wasn't the uj way lower than 83 in 2008 yet
No, it wasn't
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,765
  • Sep 15, 2010 11:04pm Sep 15, 2010 11:04pm
Quoting realjumper
No, it wasn't
lol thought it was ... you are right it wasn't

to many beers out tonight lol...... time for bed
Blogging daily now at www.volume.zone
  • #18,766
  • Sep 16, 2010 12:04am Sep 16, 2010 12:04am
I think the direction may come from this announcement today
who raped silver !
  • #18,767
  • Sep 16, 2010 12:45am Sep 16, 2010 12:45am
Quoting malcolmb14

if you are unsure if boj is really intervening then trade something else for a few days and let the dust settle. GU has been pretty noce and the daily is coming off a strong rounded bottom ,
... nice piece of advice ..... yes , i might as well look at other charts for some practise ...


(nice chart on GU indeed )
  • #18,768
  • Sep 16, 2010 12:49am Sep 16, 2010 12:49am
" maybe "

" probably "

" the way I see it "

" I think "

" I don't think "

" My guess is "

" They might "

.... speculations galore !!!

welcome to the world of speculators !

Cheeky !
  • #18,769
  • Sep 16, 2010 1:00am Sep 16, 2010 1:00am
The Yen's move and intervention may not end so abruptly - though I don't think it will change the major trend. Here's a chart I saw recently from Morgan Stanley Research on past Yen interventions by the BOJ. You can see they don't just dump the market in one shot:

http://420trader.net/wp-content/uplo...tervention.png

http://420trader.net/?p=584
  • #18,770
  • Sep 16, 2010 1:06am Sep 16, 2010 1:06am
.. the "Mafia" might have done enough damage for this week .... probably will have thrown away the machine gun and taken off their gloves ... and gone for a rest for the remaining week .... leaving the paranoid to tear their hair off ... !

the charts might range for the rest of the week .... unless ... ?
Attached Image (click to enlarge)
Click to Enlarge Name: uj4.gif Size: 52 KB
  • #18,771
  • Sep 16, 2010 1:10am Sep 16, 2010 1:10am
Quoting TheArcher
" maybe "

" probably "

" the way I see it "

" I think "

" I don't think "

" My guess is "

" They might "

.... speculations galore !!!

welcome to the world of speculators !

Cheeky !
Archer, Archer , Archer. What a mean thing to say.

Probably they might do that but the way I see it they wont. I think it will go up but I dont think it will do so dramatically. My guess is that they might.

  • #18,772
  • Sep 16, 2010 1:26am Sep 16, 2010 1:26am
Quoting luc.voia
What do you think?

care to share how read the charts ?

is ur trajectory still valid ?
  • #18,773
  • Edited 2:19am Sep 16, 2010 1:28am | Edited 2:19am
Quoting Astroman
Archer, Archer , Archer. What a mean thing to say.

Probably they might do that but the way I see it they wont. I think it will go up but I dont think it will do so dramatically. My guess is that they might.

either way, i guess u might be probably right !

double cheeky
  • #18,774
  • Edited 1:52am Sep 16, 2010 1:34am | Edited 1:52am
Quoting Astroman
Archer, Archer , Archer. What a mean thing to say.

Probably they might do that but the way I see it they wont. I think it will go up but I dont think it will do so dramatically. My guess is that they might.

They already did it once, why not twice? They have already received criticism, and warned they will do it again. IMO there’s nothing for them to lose here, only that their first efforts went to waste if they let it fall. I also think that if they look at their past history when they have stepped in, that it has not worked out well for them and they have analyzed the data, makes me wonder why they did it and if they have a different approach this time around. IMO safest bet is up. Risky bet is down. BOJ has a much bigger account then me and probably all of us in this forum combined . In the mean time I'm staying out. Waiting for fireworks, hopefully.
  • #18,775
  • Sep 16, 2010 1:44am Sep 16, 2010 1:44am
From forexlive:
One source has told me that there has been talk of BOJ sitting down at 85.20 overnight. Fact we’ve only gotten as low as 85.23 gives the talk some credence.


http://www.forexlive.com/132504/all/...murings-re-boj
  • #18,776
  • Sep 16, 2010 1:52am Sep 16, 2010 1:52am
talk about between a hard place and a rock ...

one group eyes 79.85 and another eyes 90+ ... and we are right in the middle ...
  • #18,777
  • Sep 16, 2010 1:55am Sep 16, 2010 1:55am
what does the near perfect volume say as per vsa .... ?

... that everyone has taken a holiday ... ?



.
Attached Image
  • #18,778
  • Sep 16, 2010 2:36am Sep 16, 2010 2:36am
Quoting TheArcher
talk about between a hard place and a rock ...

one group eyes 79.85 and another eyes 90+ ... and we are right in the middle ...
Patience.

This will take months to pan out.
  • #18,779
  • Sep 16, 2010 3:35am Sep 16, 2010 3:35am
Quoting egutie6970
[color=black][font=Verdana]They already did it once, why not twice? They have already received criticism, and warned they will do it again. IMO there’s nothing for them to lose here, only that their first efforts went to waste if they let it fall. I also think that if they look at their past history when they have stepped in, that it has not worked out well for them and they have analyzed the data, makes me wonder why they did it and if they have a different approach this time around. IMO safest bet is up. Risky bet is down. BOJ has a much bigger...
  • #18,780
  • Sep 16, 2010 3:56am Sep 16, 2010 3:56am
BOJ dont want to waste thier effort of interve, and speculators don't want to risk their money by selling UJ..
I think UJ trend is pointing upwards....
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