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USD/JPY Discussion

  • #18,981
  • Sep 23, 2010 11:49pm Sep 23, 2010 11:49pm
Quoting gunawan98
only in small quantity? It only moved 60+ pips...
IMO,too many interventions within a short span of time,is more bad than good for e market,is like giving a sportsman too much steroid at such short span of time is doing more harm than good!
  • #18,982
  • Sep 23, 2010 11:53pm Sep 23, 2010 11:53pm
JP gov , do their work again. but it is just a small pump. i think this japan gov out of cash already.
  • #18,983
  • Sep 23, 2010 11:57pm Sep 23, 2010 11:57pm
Quoting alan8888
JP gov , do their work again. but it is just a small pump. i think this japan gov out of cash already.
come on... pls another 300 pips... ha..ha..
I think the short sellers will stay away from this currency right now...
  • #18,984
  • Sep 24, 2010 12:01am Sep 24, 2010 12:01am
haha, only for long run, I just bought some :-D,
  • #18,985
  • Sep 24, 2010 12:05am Sep 24, 2010 12:05am
stay away...let the market cool down and retrace..maybe it wont come down today but it eventually will....
get a fib and then enter long with low risk entry
  • #18,986
  • Sep 24, 2010 12:07am Sep 24, 2010 12:07am
What idiots.

What are they trying to prove? Let the markets run their course. Do they not realize the bulk of their intervention funds are going to the hedge funds and large equity houses.

Why not establish a TARP fund similar to what the FED did two years ago instead of wasting billions into the shark pit?

Instead they insist on bullying markets with their push and pull power. I mean at least if your gonna embark on your intervention sprees then do so in a tactful fashion. I.e. news releases, major world/economic events or even in many alloted increments. Not in 70-200 pip bulk movements.

I only wish another CB would play tag with them and engage in inverse intervention, sadly there aren't much CB's with that kind of power. Not much banks can afford to pump $300,000,000,000 into the market at any given time or over a given time-frame.

If they keep it up the Liquidity pool in the Yen pairs will dry up ....
  • #18,987
  • Sep 24, 2010 12:16am Sep 24, 2010 12:16am
Already down 30 pips and falling. They will probably hit the gas again before their trading day is over.
  • #18,988
  • Sep 24, 2010 12:18am Sep 24, 2010 12:18am
Quoting Warwick
What idiots.

What are they trying to prove? Let the markets run their course. Do they not realize the bulk of their intervention funds are going to the hedge funds and large equity houses.

Why not establish a TARP fund similar to what the FED did two years ago instead of wasting billions into the shark pit?

Instead they insist on bullying markets with their push and pull power. I mean at least if your gonna embark on your intervention sprees then do so in a tactful fashion. I.e. news releases, major world/economic...
Got caught short did you?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,989
  • Sep 24, 2010 12:18am Sep 24, 2010 12:18am
A lame intervention... maybe they'll pump another round if not what a waste of money!
  • #18,990
  • Sep 24, 2010 12:21am Sep 24, 2010 12:21am
This wasn't an intervention, just a rumor.

http://www.bloomberg.com/news/2010-0...-currency.html

I'd be cautious with any longs.
  • #18,991
  • Sep 24, 2010 12:21am Sep 24, 2010 12:21am
Hmmmm, now there is some confusing news:

24 Sep 10: 04:55 GMT (SGA) - FX NOW! USD/JPY, EUR/JPY Flows - BoJ/MoF Intervention or large buy order? MoF Tamaki Did they or did they not? Some differences in market talks as to whether BoJ/MoF did actually intervene in the markets from 84.50-55 to 85.40. Some talks of intervention through Japanese banks in Tokyo, while some says it could be due to a large buy order in thin Friday lunch time Tokyo markets, which triggered the stoploss buying up. MOF Rintaro Tamaki says he would not comment if intervened in FX market - Jiji. But in all likelihood, its very likely that BoJ/MoF did intervene, given the spike up. Could hear more intervention talks later. Eye 1-m hi 85.94. WL
  • #18,992
  • Sep 24, 2010 12:23am Sep 24, 2010 12:23am
Quoting Azp
This wasn't an intervention, just a rumor.
hmm, what kind of rumor can spike the yen 70 pips in one minute, specially a rumor that hasn't been public one hour later?
  • #18,993
  • Sep 24, 2010 12:23am Sep 24, 2010 12:23am
I'm hearing on the tele that there is still no confirmation that they have intervened.
  • #18,994
  • Sep 24, 2010 12:24am Sep 24, 2010 12:24am
http://www.forexlive.com/134531/all/...rnor-to-resign
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,995
  • Sep 24, 2010 12:25am Sep 24, 2010 12:25am
Quoting Azp
This wasn't an intervention, just a rumor.

http://www.bloomberg.com/news/2010-0...-currency.html

I'd be cautious with any longs.
OK, could be, well that's better than thinking that BoJ is throwing money to the drain.
  • #18,996
  • Sep 24, 2010 12:25am Sep 24, 2010 12:25am
Strange indeed.
  • #18,997
  • Sep 24, 2010 12:27am Sep 24, 2010 12:27am
Quoting realjumper
Got caught short did you?
haha, Nah ... mind you, i saw the pair taking off at 84.60 but platform wasn't open to make a trade. Boy was I gonna load up. Was gonna go in with 8 Lots and give my broker a headache tonight. Im relaxed tonight, not in much of a trading mood.

I just hate to see the lemmings win alongside the hedge fund demons.

Im however watching a certain cross...
  • #18,998
  • Sep 24, 2010 12:29am Sep 24, 2010 12:29am
Quoting thx1139
It was BOJ intervention.

http://english.kyodonews.jp/news/2010/09/42507.html
is this a valid news? since we i can not find any news at boj website.
  • #18,999
  • Sep 24, 2010 12:30am Sep 24, 2010 12:30am
Quoting Warwick
haha, Nah ... mind you, i saw the pair taking off at 84.60 but platform wasn't open to make a trade. Boy was I gonna load up. Was gonna go in with 8 Lots and give my broker a headache tonight. Im relaxed tonight, not in much of a trading mood.

I just hate to see the lemmings win alongside the hedge fund demons.

Im however watching a certain cross...
Glad you didn't get caught
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,000
  • Sep 24, 2010 12:30am Sep 24, 2010 12:30am
The MOF has not confirmed that an intervention has occurred.

First they dabble with the markets and now insult them.
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