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USD/JPY Discussion

  • #19,261
  • Sep 29, 2010 8:00pm Sep 29, 2010 8:00pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
The Japanese gov will be panicked if those blue chips co shut down their HQ and move somewhere. Thus loss of income and high unemployment among their citizen.
BUT the Japanese are very secretive. they never want to reveal their formulation to anybody. Their manufacturing plants might be relocated to else where but still R&D, complex chips, engines parts made in Japan.

I don't see Japanese gov want their country to go bust.
The Japanese too is also good at playing psycho.
Beware and adjust our load if go long

My humble opinion. I might be wrong
Shake it off!Lick the Wound,Prey Again!
  • #19,262
  • Sep 29, 2010 8:11pm Sep 29, 2010 8:11pm
UJ getting violently rejected from that UTL with lots of sellers. There was talk of demand at the Tokyo fix around this time, but so far business as usual for shorters. The fixing results and PA can still occur in the next 20 minutes, but I wouldn't hold my breath, unless ... Papa BoJ comes along.
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  • #19,263
  • Sep 29, 2010 8:14pm Sep 29, 2010 8:14pm
Quoting Beljevina
UJ getting violently rejected from that UTL with lots of sellers. There was talk of demand at the Tokyo fix around this time, but so far business as usual for shorters. The fixing results and PA can still occur in the next 20 minutes, but I wouldn't hold my breath, unless ... Papa BoJ comes along.
By coincidence it just happens to be todays dp as well!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,264
  • Sep 29, 2010 8:22pm Sep 29, 2010 8:22pm
Quoting realjumper
By coincidence it just happens to be todays dp as well!
Didn't even notice that! Not sure what it is about the Asian session, but that pivot is sooo well respected by them - you can count on it for a bounce in many pairs, like clockwork!
  • #19,265
  • Sep 29, 2010 8:46pm Sep 29, 2010 8:46pm
As well as Cannon, Toyota etc feeling the pressure, Nintendo is also crying. This is an interesting, and sobering article. Read me

Edit. Fixed wrong link
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,266
  • Sep 29, 2010 9:39pm Sep 29, 2010 9:39pm
  •  bialy
  • | Joined Sep 2010 | Status: forex makes me alcoholic :) | 42 Posts
* 30 Sep 10: 01:34 GMT (SGA) - FX NOW! USD/JPY, USD INDEX Flows - MoF to release BoJ intervention data 1000GMT,USD/JPY sold
China seen resisting US pressure on CNY after the US House China Bill - likely to hear comments from China that CNY currency is a sovereign matter/issue for China to decide. Thus the higher PBoC USD/CNY fix of 6.7011 to send a message that China will make its own decision on CNY. While for Japan, focus will be on the 1000GMT report where MoF will release its monthly FX. BoJ/MoF seen to be refraining from intervention at the moment, given reports of "currency wars - devaluation" and also IMF Chief Dominique Strauss-Kahn criticism of intervention. IMF chief says intervention is no good and G20/ IMF/World Bank will discuss currency devaluation next week. USD/JPY at 83.63-65, Japan exporters/ corporates still selling, though 2-way interest with bids at 83.50 - eye any "covert BoJ" bids. Stops below 83.50, and more options at 83.20. Key 15-year lows 82.87. WL
  • #19,267
  • Sep 29, 2010 9:40pm Sep 29, 2010 9:40pm
Any indications on a break support for another 250 points high
who raped silver !
  • #19,268
  • Sep 29, 2010 11:13pm Sep 29, 2010 11:13pm
Quoting bialy
* 30 Sep 10: 01:34 GMT (SGA) - FX NOW! USD/JPY, USD INDEX Flows - MoF to release BoJ intervention data 1000GMT,USD/JPY sold
China seen resisting US pressure on CNY after the US House China Bill - likely to hear comments from China that CNY currency is a sovereign matter/issue for China to decide. Thus the higher PBoC USD/CNY fix of 6.7011 to send a message that China will make its own decision on CNY. While for Japan, focus will be on the 1000GMT report where MoF will release its monthly FX. BoJ/MoF seen to be refraining from intervention at the...
The IMF chief needs to remember just who it was who was prinitng shit loads of dollars recently, and who is promising to do more of the same!! Good for one......good for all. What does this clown expect Japan to do???
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,269
  • Edited 11:36pm Sep 29, 2010 11:25pm | Edited 11:36pm
will it pound out the support 83.50 ? macd and osma on hourly got me excited

just another 30 pips to next support 83.20 .... or revert back to ranging ..?



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  • #19,270
  • Sep 30, 2010 12:01am Sep 30, 2010 12:01am
Quoting JustThePips
Just to throw my two cents into it, as well...There were two pieces of news this past week that I came across.

The first is that when Obama and Kan met, the intervention wasn't even mentioned. The understanding, then, is that the US won't kick up a fuss if/when Japan decides to conduct more intervention.....
.
how can they speak about intervention, if they really speak about interventiont then they will talk like this :

Obama : hey kan i dont want you to intervene the market.
Kan : how come?
Obama : because i want to do my monetary easing program also. so your intervention is blocking my program.
Kan : what? i really want yen to weaken. and you monetary easing will disturb my intervention effect. so stop your monetary easing.
bla bla bla bla and this story end with world war III.

each country want to weaken their currencies. we already at war now, economic war...
  • #19,271
  • Sep 30, 2010 12:44am Sep 30, 2010 12:44am
BOJ started intervention BUT... in wroung directtion.!!.
  • #19,272
  • Sep 30, 2010 12:46am Sep 30, 2010 12:46am
Quoting uptrendup
BOJ started intervention BUT... in wroung directtion.!!.
Positive housing stats actually
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,273
  • Sep 30, 2010 12:50am Sep 30, 2010 12:50am
What I don't get about their intervention on the 15th of Sept is that it had no impact whatsoever except for that spike up and then all went back to normal.......So what was the point of it ??
Enter Signature
  • #19,274
  • Sep 30, 2010 12:51am Sep 30, 2010 12:51am
Its funny, the more people whine about how the yen is screwed the stronger it gets. Surely at some point people are gonna stop buying yen? maybe?
  • #19,275
  • Sep 30, 2010 12:53am Sep 30, 2010 12:53am
Quoting johninthai
What I don't get about their intervention on the 15th of Sept is that it had no impact whatsoever except for that spike up and then all went back to normal.......So what was the point of it ??
Well BOJ didn't follow it through...they allowed the Yen to appreciate, but for what reason? The only thing I can think of was they attempted to frighten shorters out of the market.....but that will never work without folow through. So who knows what they were trying to achieve???
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,276
  • Sep 30, 2010 12:56am Sep 30, 2010 12:56am
Quoting Catch-22
Its funny, the more people whine about how the yen is screwed the stronger it gets. Surely at some point people are gonna stop buying yen? maybe?
Like I as saying yesterday, they are buying it, because they always have...pretty stupid huh? The only redeeming thing about Japan is the huge current account suprlus. Other that, the economy is phucked.....and the more people buy the Yen, the more the economy gets phucked. Sooner or later, the bubble will burst.....that's for certain.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,277
  • Sep 30, 2010 12:58am Sep 30, 2010 12:58am
last support 83.35 next is arount 82.8 and then lower is 80?
Tokyo ends is 3hr and maybe then...
  • #19,278
  • Sep 30, 2010 1:01am Sep 30, 2010 1:01am
Quoting Warwick
Sadly, you underestimate the power the BOJ has. Not much Central Banks can turn the world's financial system on it's head with menial actions or just a few words.

Wanna see a frolic? All the BOJ has to say is "We're considering raising rates..."

Oh what a day that'd be.
Who knows? What do you base my underestimation on? Lets see some math???

3.5 trillion a day... its alot more than the last time BOJ intervened. Aswell last time it was a coordinated attack. This time they are on their own... probably against their allies. In a currency war who would win? The one with the quickest printing press of course would be the last standing or the first one to declare war so they can print more.

Again anytime you spike a market it only heads the opposite way esp with the automated strategies nowadays.

Jag
  • #19,279
  • Sep 30, 2010 1:16am Sep 30, 2010 1:16am
poor u guys for keep waiting mr puppet BOJ to intervence their currencies...

Take a look at this chart again...same chart as posted before but i zoom in into daily...

what did you guy c....long???..u guys must be joking...

good luck
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  • #19,280
  • Sep 30, 2010 1:17am Sep 30, 2010 1:17am
http://www.reuters.com/article/idUSTRE67U43L20100930
Japanese Economics Minister Banri Kaieda was also quoted as saying this week that intervention was a temporary measure and the government didn't want to "skew" the market.

they don't want skew market, so market skew their
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