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USD/JPY Discussion

  • #18,781
  • Sep 16, 2010 4:05am Sep 16, 2010 4:05am
Quoting Hugo Boss
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....
For sure this time yen very complicated....we cannot predict anything better donot predict any thing about yen....yen is no doubt best currecny but problem boj but these govt statemennts can chanes very quick...we knew that expecting that this year boj take action on yen but its very very hard to tell how effective it will be....yen was up for long time this cud be just correction...ijust want becareful both buyer and seller...idonot think if do trading with stops good idea allso....best we donot predict....happy trade...
A little beginner trader since 2006
  • #18,782
  • Sep 16, 2010 4:09am Sep 16, 2010 4:09am
They have to buy back 2Trillions Yen they sold against USD since yesterday up to here. But they can technically push up or let other push it up for them and feed the masses with their USD.
A little beginner trader since 2006
  • #18,783
  • Sep 16, 2010 4:16am Sep 16, 2010 4:16am
japan is exporter, wouldn't the yen just goes back in if they sell it?
  • #18,784
  • Sep 16, 2010 4:35am Sep 16, 2010 4:35am
No more interventions today in JPY. Letīs see whether speculators have the guts to attack BOJ like they did with SNB...
________________________________ Errare humanum est
  • #18,785
  • Sep 16, 2010 4:43am Sep 16, 2010 4:43am
An Idea for day trading !


http://www.forexrainbow.com/files/k5...r4oijsos9d.gif
A little beginner trader since 2006
  • #18,786
  • Sep 16, 2010 4:49am Sep 16, 2010 4:49am
Quoting MisterTrader
No more interventions today in JPY. Letīs see whether speculators have the guts to attack BOJ like they did with SNB...
It's a different kettle of fish really. EZ was in the shit so deep they could hardly see over it, so it was inevitable the SNB was going to lose.....most people could see it coming...except them! Also, the Yen was at a 15 year high....the Euro was (more or less) in mid stream. Perhaps if SNB had have waited, they wouldn't have got spanked so hard!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,787
  • Sep 16, 2010 4:58am Sep 16, 2010 4:58am
Pivots USD/JPY

Res 3 89.50
Res 2 87.64
Res 1 86.61

Pivot 84.75

Sup 183.72
Sup 2 81.86
Sup 380.83
A little beginner trader since 2006
  • #18,788
  • Sep 16, 2010 5:49am Sep 16, 2010 5:49am
Quoting realjumper
This might be just talk.....but for what it's worth: http://www.forexlive.com/132252/all/...g-mof-official

I was corrected quickly with that opinion (going short), going back to my plan

Will go long in 1 hour or so...
  • #18,789
  • Sep 16, 2010 6:01am Sep 16, 2010 6:01am
Quoting Larseg
I was corrected quickly with that opinion (going short), going back to my plan

Will go long in 1 hour or so...
It's hard to know what BOJ are truely doing, or going to do......we will be the last to know!! I'm sure shorts can work for some people, but not for me....not at this stage anyway. For me it's either long, or else sit it out and trade something else.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,790
  • Sep 16, 2010 7:15am Sep 16, 2010 7:15am
Quoting Naseri13
Pivots USD/JPY

Res 3 89.50
Res 2 87.64
Res 1 86.61

Pivot 84.75

Sup 183.72
Sup 2 81.86
Sup 380.83
Hi Naseri,

I am PM you already
  • #18,791
  • Sep 16, 2010 8:09am Sep 16, 2010 8:09am
Short at 85.62 S/L 85.80 P/T 85.42

My play here is on the belief that the BOJ just sold yen up to the 85.67 level and is going to let the pair float until it gets back down into the levels seen around midnight last night. My feeling yesterday watching PA was that BOJ was opening the tap and closing it -- rather than modulating the stream. Anyway, really good resistance at 85.76 so i don't expect my stop to be hit.
  • #18,792
  • Sep 16, 2010 10:15am Sep 16, 2010 10:15am
Quoting ocmsrzr
Short at 85.62 S/L 85.80 P/T 85.42

My play here is on the belief that the BOJ just sold yen up to the 85.67 level and is going to let the pair float until it gets back down into the levels seen around midnight last night. My feeling yesterday watching PA was that BOJ was opening the tap and closing it -- rather than modulating the stream. Anyway, really good resistance at 85.76 so i don't expect my stop to be hit.
Short too. Let's hope what you say is true.
Make your losses in demo. Earn your profits live.
  • #18,793
  • Sep 16, 2010 10:54am Sep 16, 2010 10:54am
average intervention in yen 800-1000pips.
Intervention is badly needed by japanese traders and companies.
If the goverment serious in this issue , will see big rise
in eur and gbp during the coming days.
A little beginner trader since 2006
  • #18,794
  • Edited 11:25am Sep 16, 2010 11:14am | Edited 11:25am
Hi J.Giordano

- I already answered you 3 times.
please check your pms
A little beginner trader since 2006
  • #18,795
  • Sep 16, 2010 11:15am Sep 16, 2010 11:15am
Quoting Naseri13
average intervention in yen 800-1000pips.
Intervention is badly needed by japanese traders and companies.
If the goverment serious in this issue , will see big rise
in eur and gbp during the coming days.
You mean fall in EUR and GBP? I think the BoJ is trying to sell JPY and as a side-effect, raising USD? I think they are using a dirty float.
Make your losses in demo. Earn your profits live.
  • #18,796
  • Sep 16, 2010 12:30pm Sep 16, 2010 12:30pm
No other G20 counties like JP intervention, the US in particular. They need their currency to be competitive against others. JP is taunting that they are determined with affluent funds ($40T!!). However, I wonder how much they can actually intervene with the market when the US is very much frowning.

History shows JP never has succeeded in intervention when doing it alone. Let's see how long they can keep pouring the fund into the market most of which likely goes to hedge funds after all. The situation is totally different from it was 7 years ago.

That's only my two cents...
  • #18,797
  • Sep 16, 2010 1:12pm Sep 16, 2010 1:12pm
Quoting realjumper
It's hard to know what BOJ are truely doing, or going to do......we will be the last to know!! I'm sure shorts can work for some people, but not for me....not at this stage anyway. For me it's either long, or else sit it out and trade something else.

after havign a good nights sleep I think I have worked out why we will not see a rise in uj again till tomorrow.

tomorrow is options expiry.... they are giving all a chance to get rid of the puts they have been holding. The banking industry would not be happy if boj kept on ramping up uj before options expiry..... i am sure the stalling in uj has something to do with this
Blogging daily now at www.volume.zone
  • #18,798
  • Sep 16, 2010 1:17pm Sep 16, 2010 1:17pm
Quoting malcolmb14
after havign a good nights sleep I think I have worked out why we will not see a rise in uj again till tomorrow.

tomorrow is options expiry.... they are giving all a chance to get rid of the puts they have been holding. The banking industry would not be happy if boj kept on ramping up uj before options expiry..... i am sure the stalling in uj has something to do with this

Its quadruple witching
  • #18,799
  • Sep 16, 2010 1:19pm Sep 16, 2010 1:19pm
Quoting sidhujag
Its quadruple witching

yup already in a dxd calls play for a move down in dj tomorrow

will also be establishing es sells

4 times per year only ... tomorrow should be a nice volatile one
Blogging daily now at www.volume.zone
  • #18,800
  • Sep 16, 2010 1:47pm Sep 16, 2010 1:47pm
Quoting malcolmb14
after havign a good nights sleep I think I have worked out why we will not see a rise in uj again till tomorrow.

tomorrow is options expiry.... they are giving all a chance to get rid of the puts they have been holding. The banking industry would not be happy if boj kept on ramping up uj before options expiry..... i am sure the stalling in uj has something to do with this
what time is that expiry? 5pm EST? or 9am EST?

thx
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