USD/JPY Discussion | Page 965 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #19,281
  • Sep 30, 2010 1:20am Sep 30, 2010 1:20am
Quoting sidhujag
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
3.5 trillion might be the turnover of fx, but that doesn't mean that 3.5 trillion is buying the Yen!! There are many currencies traded, not just usd/jpy for trades to speculate on.

The quickest printing press would win?.....I think not. Obama has to start from 0. BOJ has a huge amount they an spend right now, while the printing presses are gearing up!!

Even though Japan will have to go it alone, and even though the long term outlook for such intervetion is unlikely to succeed, between the Japanese govt and BOJ, if they get their shit together they stand a fighting chance of winning.....don't forget the overall state of their economy is one step away from beeing right in the shit completely. Once the focus goes on that fact, and tears itself away from looking at USA and EZ, you'll see the Yen at 10,00 plus. Now, if the Japan govt and BOJ together start selling Yen g r a d u a l l y......and make lot's of noise about their huge debt etc etc, they stand a chance at pulling this off.

If they just sell shitloads of Yen and drop the yen a couple of hundred pips, they will fail....they know this because they just saw it fail!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,282
  • Sep 30, 2010 1:22am Sep 30, 2010 1:22am
Quoting grashid
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
I don't think anybody here sees long, at least I haven't seen anyone say they were going long. But to not take into account the possibility of intervention is foolish.....and that's no joke.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,283
  • Sep 30, 2010 1:27am Sep 30, 2010 1:27am
oanda open positions ratio uj 77,27% long
so someone see long
  • #19,284
  • Sep 30, 2010 1:30am Sep 30, 2010 1:30am
Quoting realjumper
I don't think anybody here sees long, at least I haven't seen anyone say they were going long. But to not take into account the possibility of intervention is foolish.....and that's no joke.
...am 90% chartist...so dun bother wtf BS fundamental....keep hoping for 2nd intervence for what...

keep business on n look at the chart..not less than 200+pips down...keep waiting or take oppurtunitity to bank in some pips? why waste time?

personally...1st intervence already failed to me a s Uj not able to break 86.30 a major resistance to keep north...that it...

n remember historical also never lie....how many time this activity is successfull...can u give me the figure n when? come on..this is all a rethoric to shift retail trader from focussing in their job...look at all TF..any volume that show some significance buyer ...at least like 1st intervence in all TF...check ur self...

my 2 cent
  • #19,285
  • Sep 30, 2010 1:31am Sep 30, 2010 1:31am
Quoting realjumper
I don't think anybody here sees long, at least I haven't seen anyone say they were going long. But to not take into account the possibility of intervention is foolish.....and that's no joke.
BOJ cannot beat the market...so what if there is intervention...Until market decide to go long with UJ any intervention will be short lived...
The Market pays you to be disciplined
  • #19,286
  • Sep 30, 2010 1:32am Sep 30, 2010 1:32am
Quoting Nud
oanda open positions ratio uj 77,27% long
so someone see long
n check as well what % that pro trader do at the moment...are they long??
  • #19,287
  • Sep 30, 2010 1:35am Sep 30, 2010 1:35am
Quoting mima
BOJ cannot beat the market...so what if there is intervention...Until market decide to go long with UJ any intervention will be short lived...
So what would you suggest?.....they do nothing and watch their economy go belly up and put thousands out of work??....all the time saying "oh well, wecan't beat the market so let's do nothing!"
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,288
  • Edited 1:50am Sep 30, 2010 1:36am | Edited 1:50am
Quoting grashid
n check as well what % that pro trader do at the moment...are they long??
sorry but I don't have that statistic, please give me link

Prelim Industrial Production m/m -0.3% 1.2% -0.2
3 month down, they expected 1,2%
  • #19,289
  • Sep 30, 2010 1:53am Sep 30, 2010 1:53am
The charts says only one story:

BOJ WILL HAVE HIGHER YEN
  • #19,290
  • Sep 30, 2010 2:09am Sep 30, 2010 2:09am
Quoting realjumper
So what would you suggest?.....they do nothing and watch their economy go belly up and put thousands out of work??....all the time saying "oh well, wecan't beat the market so let's do nothing!"
I have no clue what BOJ plans to do ....my opinion doesnt count...
The Market pays you to be disciplined
  • #19,291
  • Sep 30, 2010 3:34am Sep 30, 2010 3:34am
Quoting realjumper
I don't think anybody here sees long, at least I haven't seen anyone say they were going long. But to not take into account the possibility of intervention is foolish.....and that's no joke.
well i'm long, partly because of waiting the intervention, but more then the intervention, i believe that the goverment or the BOj will do something to tackle this issue, and for me it was very natural that the goverment and the BOJ will try to weaken the yen with or without the intervention. so i'm long this pair if this pair, if this pair drop to 82.xx then i will add more long, and if more drop to 80.xx i will add more long again. i hope my tactic is right....
  • #19,292
  • Sep 30, 2010 3:47am Sep 30, 2010 3:47am
Quoting mima
I have no clue what BOJ plans to do ....my opinion doesnt count...
I didn't ask what BOJ plans to do, I asked what would you suggest seeing as you rule out intervention of some sort as a waste of time. I was just wondering if you had another strategy other than nobody doing anything?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,293
  • Sep 30, 2010 3:48am Sep 30, 2010 3:48am
Quoting yeri
well i'm long, partly because of waiting the intervention, but more then the intervention, i believe that the goverment or the BOj will do something to tackle this issue, and for me it was very natural that the goverment and the BOJ will try to weaken the yen with or without the intervention. so i'm long this pair if this pair, if this pair drop to 82.xx then i will add more long, and if more drop to 80.xx i will add more long again. i hope my tactic is right....
Ihope so too man....I have some pending orders, but nothing on the table yet.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,294
  • Sep 30, 2010 3:53am Sep 30, 2010 3:53am
Tokyo almost closed... time to drop?
  • #19,295
  • Sep 30, 2010 3:55am Sep 30, 2010 3:55am
Quoting Nud
Tokyo almost closed... time to drop?


any other idea ?
A little beginner trader since 2006
  • #19,296
  • Sep 30, 2010 4:01am Sep 30, 2010 4:01am
Quoting Naseri13


any other idea ?
yes, back to 83,5 and then start next down move...

BoJ
  • #19,297
  • Sep 30, 2010 4:17am Sep 30, 2010 4:17am
All of 20 pips away from when BoJ did it's last intervention. $20B out the window. But what's more appauling is how grossly ineffective Japan appears to be at controlling and manipulating it's finances, as a state. The fact that they don't appear to be true to their word in trying to arrest the yen's rise is a severe blemish on their credibility. Can't imagine the voting public can be too happy with their leaders there, although it's absolutely debatable who in the world is.

I'm not saying I counted on intervention, I'm just saying that with all the resources and tools available with a $400B war chest, there are ways to arrest the yen's value. I think they've actually blemished the intervention process far beyond the tried-but-failed approach that the Swiss took.

Reminds me of the Seinfeld episode where Kramer and Newman are playing Risk in the subway & Kramer remarks that the Ukraine is weak and feeble. In this case, you've got a mammoth state like Japan with incredible resources, just digging themselves further and further into the ground with nary a fight.
  • #19,298
  • Sep 30, 2010 4:21am Sep 30, 2010 4:21am
maybe they're greedy and want sell jen higher
  • #19,299
  • Sep 30, 2010 4:27am Sep 30, 2010 4:27am
Quoting Naseri13


any other idea ?
2 things I see 2 stop this decline:
a. Bernanke policy in Japan (printing money)
b. a halt to this decline (not very likely)
Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #19,300
  • Sep 30, 2010 5:05am Sep 30, 2010 5:05am
Well, the BOJ dose not look at min trading they look at month trading... The USD is around a bounce level @ 78 area...that is why BOJ is coming into the market...
40 traders viewing now