USD/JPY Discussion

even reached

Some of the index's currencies recover, but UJ isn't one of them.

I'm wondering if the intervention done on the 15th wasn't just a quick hit on the markets to appease some voters.,...if you'll recall, the intervention happened one day after their election. Sort of a "I'll scratch your back, you scratch mine."

Yea, it's pretty crazy how even when they are encouraging the carry trade by reducing their interest people aren't buying enough main pairs to warrant any real increase at all. It may stall till Wednesday but it does look bleak.

2332 GMT [Dow Jones] USD/JPY may test 82.87--low marked just before Japan's intervention in mid-September--later in global day due to broad USD weakness on expectation Fed may announce fresh quantitative easing measures soon, lowering Treasury yields, says senior dealer at major European bank. But says in Asia trading, pair may be supported by expectation of another round of JPY-selling intervention by Tokyo. Demand for safe-haven JPY may also wane some as Nikkei expected to rise after Wall Street rose overnight. Pair last 83.26. Says EUR/USD biased up due to broad USD weakness, may trade 1.3780-1.3850 range in global day. Adds could extend beyond 1.3850 if any equity gains prompt model funds to buy risk-sensitive EUR, encouraging other players to follow, pushing pair to 1.4000. "The euro/dollar has been steadily gaining strength like a zombie." EUR/USD last 1.3836. Tips EUR/JPY may trade 114.70-115.50 band vs last 115.18.([email protected])

umour intervention imminent Boj

usd/jpy nearly under 83.00 http://cdn.forexfactory.com/images/misc/progress.gif

whilst I hope so, I'm less sure now after their interest rate decrease.

What's your source for the rumour? Good connections somewhere? Interesting that your last half-dozen posts have been based on this 'rumour', going back to Oct 1 at least.

Let's level the playing field shall we? 'Quantative Easing' is Intervention....pure and simple. The reason that these other majors are gaining strength is due to USA intervention.....in the same way that congress get's pissed off at Japan's intervention. Whether a country prints money or sells their currency, the intent, and the result is similar.

Let's not play around with words, intervention is intervention, regardless of the method employed.

eur/jpy and aud/jpy will go balistic with intervention as aud and eur so strong at the moment

You know the rules about Central bank intervention:

Let me repeat for the dummies.

"They are there when you dont want them and when you do they aren't."

looking at the 5min chart,and in the Asian session, the bull and bear are fierce. Bull try to go up, but wrest down by Bear.
"Naoto Kan janggun and the warriors! Fight, the victory is yours Gain the glory.Sun shall rise in the east again.Take out your samurai swords, nunchuk,shurikennnnnnnnnn, ammo, macine gunos, Chop the bear once and for all ....kanbate"

I am sorry to have to shout!

http://www.bloomberg.com/news/2010-1...an-growth.html

r they really dumb?

Either that or else they are just plain incompetent.

To put their 'fingers is so many pies' will achieve little. It's as if they think that 'dabbling here and there' and somehow magically make all the pain go away.

Their leaders aren't leading....that much is obvious

partially agreed..but would u mind to take a look at other angle like commodities n gold vs the strength of yen ...what do they get?
how about this new rate (2nd intervence) is not working and Japan economic is collapse ? what would be happen to yen? then..........

perhaps i could c in a different answer

For today
gmt 13.00
buy limit 82.85

What I don't get is who is still selling this pair?

The Japanese economy is well known to be a bigger trouble than most....the carry traders are gonna get a decent rate against it....they are threatening intervention whic h could mean a 100pip slip for the intra day though you can preolly make a little on the short sometimes...I mean...comon.

I'm not quite sure what you're getting at, but there is surely a correlation with Gold and Yen. As far as I know, the Yen is backed only by it's large current account as far as investing in the Yen goes. I can see no other reason why anyone would buy the Yen, give the dire state of the Japan economy.

I don't really see gold as a safe commodity, it's only worth what people will pay for it...it has no use industrially or in fact, at all. To me, the hording of gold is a bit silly, it's 200 years out of date! However, people still horde the stuff in the belief that it will proect them in times of depression.....and so it seems this time around too. Quite why people are still buying gold at the current level is astounding.....same goes for the Yen and swissy.

With gold, it will continue to rise as long as their is demand for it. But, there is a breaking point for currencies. Taken to the extreme, a way overvalued currency can cripple a county.....Japan is on that road as we speak.

Eventually though, if Japan cannot get control of it's currency, and exports are lost to their competitors, and worse still, they lose that market share completely, Japan will make Greece look like a rich country, and all the people holding the Yen will get burnt.

Gold is a little different, but not much. Lets suppose there truely is a world wide depression looming.....all those who are buying gold now will aso get burnt, simply because no one will be able to afford to pay +$1300/ounce for the useless metal! They will have more important things to buy, such as food and oil.

India bought 200 tonnes of the stuff last year at (from memory) about $1140/ounce. Good investement you might say. But for what??? What has improved for India since they made that purchase? Certainly the 80% of thei population living below the poverty line don't see much point in it. If India sold it now, they would make a handsome profit......but they won't. They will still be holding their 200 tonnes even when the price drops back to the $1000 mark. So what's the point?

The Yen is the same....but worse....because the writing is on the wall. The Japanese economy is in deep shit.....and every time a large purchase is made of the Yen....the 'safe' investment, the deeper they get in the shit.

They buyers of the Yen don't want the Yen to crash, but by buying it, they are going to make their worst fears come true!!

what do u mean by list members with V10+

10 plus vouches on their profile.