USD/JPY Discussion

The key today may be the ADP Non-Farm Employment Change in a few hours time

Yeah right-oh...whatever you say.

hey, what you expecting?
good adp make $ stronger and uj up?

Well, we won't know until we see it, but yeah, it's possible. So is the reverse of course!

I don't expect reaction (maybe small and temporary), but who knows

yup..The value of USD100 today is not same in next 10 years...
so before world end what replace us before barter system...yes its gold

good point anyway

only 3 stuff if we need to consider in any investment

1. Real Estate/buy land
2. House
3. Gold

I remember this is what Michael Lewis adviced. I took long gold after watch his speech live in bloomberg TV in gold where the price ~ 1159 that time..n what happen now was >150usd up?? unfortunately i closed earlier at 1250 n 1275...mm..but it keep hiking...so he became my 2nd idol after warren buffet..n love to read his pass book...mmm

http://www.bloomberg.com/opinion/lewis/

Find his speech interviewed by bloomberg as well as Soros opinion with 1 hr with him.

other than that ...u guys should know the answer..like forex full of shit n madness... just my 2 cent

[quote=grashid;4075826]
only 3 stuff if we need to consider in any investment

1. Real Estate/buy land
2. House
3. Gold

I would add commodities to it, at least thats where I'm investing in last 2 years....

rumour boj intervention imminent

correct, we will never know until we see it and it happen. everything still can happen. i also think that the ADP non farm unemployment will move yen somewhere even it only a small movement.

BoJ finishing job and start thinking about dinner not about intervention
GL

[quote=USD-Bear;4075871]

that 2 tummy guys is so lazy atm....n this weekend G-7 meeting as well

A Losing Battle For The Bank Of Japan
By NICHOLAS HASTINGS
A DOW JONES NEWSWIRES COLUMN


LONDON -- This is one battle the Bank of Japan will still lose.
The central bank's attempt to weaken the yen against the dollar this week with more monetary easing may be more politically palatable than direct market intervention and even more cleverly designed to undermine the Japanese currency more over time.
But, its success is likely to be limited.
The dollar's weakness is still driven largely by U.S. policy expectations rather than anything else.
The yen will also still find support from continued strong safe haven flows in its direction as well as from Japan's continued current account surplus.
Sure, the Bank of Japan's decision to cut its target interest rate to zero and to introduce a Y5 trillion package of temporary asset purchases Tuesday shows its determination to prevent the yen from rising any more, despite the essential failure of last month's massive market intervention on September 15.
The further monetary easing also suggests that the central bank is now working more in harmony with the Ministry of Finance in the hope that together they can overcome Japan's persistent deflationary pressures.
A fall in the country's two-year government bond yields to a 5-year low and a decline in 10-year yields to a 7-year low certainly suggested that the central bank's move should help to reduce support for the yen.
Also, if the central bank decides to intervene against the dollar again, the looser monetary policy should help to increase the chances of at least some success.
There was talk late Tuesday in New York of Japanese players close to the government, in the market buying dollars but nothing concrete was confirmed.
However, the Bank of Japan's move has come only weeks before the U.S. Federal Reserve is expected to pursue its own increase in monetary easing.
Over the last few weeks, as the U.S. recovery has faltered badly, the Fed has made it plain that it is on standby to increase quantitative easing if needed. Fed Chairman Ben Bernanke upped the ante even more with a speech late Monday pointing to the success of the central bank's initial QE exercise and suggesting that more easing could help the economy avoid a double dip recession.
Of course, the size and extent of the Fed move will have some bearing on just how much the dollar is depressed.
However, the chance of the yen making a sustained decline against the dollar, and bringing some relief for Japanese exporters, will also depend on safe haven flows.
In recent months, the yen has remained very much in favor, as concerns over the global economic recovery has encouraged investment flows out of riskier asset markets, including the dollar, and into safe havens, such as the yen.
See how the dollar has continued decline against the yen since the Sept. 15 intervention:
http://www.dowjoneswebservices.com/w...RichMedia/4687Click Image to Enlarge
The yen will also continue to find support from Japan's continued strong current account surplus, which ensures underlying support for the Japanese currency regardless of what the Bank of Japan and the Ministry of Finance are cooking up on policy.
Early Wednesday, the yen was holding very steady against the dollar--with the U.S. currency trading at Y83.15 at 0645 GMT compared with Y83.18 late Tuesday in New York.
The dollar was still under pressure elsewhere from expectations of further quantitative easing by the Fed next month.
The euro rose to $1.3853 from $1.3835 and to Y115.23 from Y115.11.
Bloomberg TNI FRX POV

Smartest I have read today

Evening all!!

Evening! Interesting article above that you posted.....they're really up shit creek aren't they?

actually they can just follow the rest of the world and start printing money.

Yes, I made that point a while ago....I wonder why they don't do it.

it's kinda the cheesy way out of the mess.

The options are somewhat limited though, and it's not as if no one else is doing it!

The market will continue to call them on their never ending stream of rhetoric, so cheesy or not, I would think that most of their (limited) options are worth considering at this stage.

Since everyone else is printing money, I don't think it would make much of a difference.

It seems the current account surplus is what's keeping the Yen strong.

Although strong Yen will eventually hurt the economy, EU, US are already up shit creek