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USD/JPY Discussion

  • #19,601
  • Oct 6, 2010 4:32pm Oct 6, 2010 4:32pm
Quoting PhAnTi'
when they plan to intervene?
Dont worry they are sitting there soaking them up...
Other Asian CB's buying US dollars also to weaken their currencies.
Concerted intervention just around the corner to halt this easy ride for US dollar bears.. bastards..
  • #19,602
  • Edited 7:38pm Oct 6, 2010 7:36pm | Edited 7:38pm
Quoting PhAnTi'
when they plan to intervene?
BoJ ...just a bunch of Whimps!!! If they don't show up this session there will be blood in the water.
  • #19,603
  • Oct 6, 2010 8:43pm Oct 6, 2010 8:43pm
Quoting FxEpic
BoJ ...just a bunch of Whimps!!! If they don't show up this session there will be blood in the water.
I can't imagine them jumping in until after NFP......they would be crazy to do so....imo
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,604
  • Oct 6, 2010 9:14pm Oct 6, 2010 9:14pm
The fear of BOJ intervention is always in the back of traders minds during the Asian session and that makes them nervous about being short USD against anything, especially when USD/JPY is still trading around 83.00.
  • #19,605
  • Edited 9:58pm Oct 6, 2010 9:46pm | Edited 9:58pm
Quoting Forexfsa
The fear of BOJ intervention is always in the back of traders minds during the Asian session and that makes them nervous about being short USD against anything, especially when USD/JPY is still trading around 83.00.
Bingo, it's just as much a mental game. When your short a few yard against this pair you can't just hit a button and close out at a single price, last thing you want is to be caught against a run away, when they step in again.

Where the market would love to push the BOJ's button and see their intent, no one wants to be the sacrificial short trying to take on a CB. Since they pushed back a couple of weeks ago, most all pairs are trading higher against the Yen, exception being the Dollar. As long as the majority maintain that bias, I'd imagine they would be happy to let the $Y flounder around the 83 handle, a stampede across the board heading back into the Yen will probably result in another round of Yen selling by the BOJ. Their job is to keep things in bounds, obviously they are content, ( maybe not happy) with the current levels, push them farther and who knows?

It's been a few years since the BOJ stepped into the markets, they are not newbs to the game.

fwiw..........
  • #19,606
  • Oct 6, 2010 10:33pm Oct 6, 2010 10:33pm
no sign of intervention....
it's gonna bearish again

i don't understand investor are afraid of intervention, but why BOJ do not intervene consistently?
  • #19,607
  • Oct 6, 2010 11:05pm Oct 6, 2010 11:05pm
Quoting hugo boss
no sign of intervention....
It's gonna bearish again

I don't understand investor are afraid of intervention, but why boj do not intervene consistently?
no intervention until all longs have been stopped out!!
  • #19,608
  • Oct 6, 2010 11:26pm Oct 6, 2010 11:26pm
Quoting pqt
no intervention until all longs have been stopped out!!
BoJ and Ministry of Finance don't play or think this way ... they want you to be long. Even if you hop on for the ride when they intervene & get out to cash profits, they want/hope you'll climb aboard again. Their goal is to squash shorts, not longs, on USDJPY.
  • #19,609
  • Oct 6, 2010 11:43pm Oct 6, 2010 11:43pm
Quoting Beljevina
BoJ and Ministry of Finance don't play or think this way ... they want you to be long. Even if you hop on for the ride when they intervene & get out to cash profits, they want/hope you'll climb aboard again. Their goal is to squash shorts, not longs, on USDJPY.
Yes, but WHO are the ones gunning for all the stops down there ?
  • #19,610
  • Oct 6, 2010 11:46pm Oct 6, 2010 11:46pm
there is no more intervention as far as I can see they have done the intervention they were going to with the first intervention and now the QE and interest rate drop.
  • #19,611
  • Oct 6, 2010 11:48pm Oct 6, 2010 11:48pm
yen-usd is already bearish trend since 2001... especially since 2007
how long would they wait???
They wait until collaps? Are they that stupid?
  • #19,612
  • Oct 6, 2010 11:54pm Oct 6, 2010 11:54pm
Quoting Hugo Boss
yen-usd is already bearish trend since 2001... especially since 2007
how long would they wait???
They wait until collaps? Are they that stupid?
Was that question rhetorical?
  • #19,613
  • Oct 7, 2010 12:07am Oct 7, 2010 12:07am
Quoting Catch-22
...and now the QE and interest rate drop.
QE - is a dollar intervention, right? And so it`s going to weak the bucks and send UJ even lower? Why everybody`s waiting for this QE so hopefully then?

I`m not good at fundamentals, so, please, explain me, guys.

P.S. And somebody told about negative NFP effect. Good NFP > Strong dollar > UJ up - isn`t that right?

Thanks. Vladimir.
Vladimir Vereshchak - Making People Wealthier!
  • #19,614
  • Oct 7, 2010 12:07am Oct 7, 2010 12:07am
im long at 82.70
who raped silver !
  • #19,615
  • Oct 7, 2010 12:10am Oct 7, 2010 12:10am
Quoting pqt
Yes, but WHO are the ones gunning for all the stops down there ?
Noone. Japan get much money (USD) from export and they need to sell them and buy JPY, so JPY is getting expensive. I think it is not so much speculactive moves but just market, so it is impossible to change it with intervention.
  • #19,616
  • Oct 7, 2010 12:19am Oct 7, 2010 12:19am
Looks like the Japanese have been reading up on Orwell's 1984: Japan won’t join a “currency-devaluation race” official says

doublespeak it is
If you don't risk, you don't ever have to lose.
  • #19,617
  • Oct 7, 2010 12:22am Oct 7, 2010 12:22am
breaking news bloomberg japan mof igarashi Quote "Japan to do smooting intervention in fx"
  • #19,618
  • Oct 7, 2010 12:25am Oct 7, 2010 12:25am
Quoting Fibo_trader
Noone. Japan get much money (USD) from export and they need to sell them and buy JPY, so JPY is getting expensive. I think it is not so much speculactive moves but just market, so it is impossible to change it with intervention.

Yea, I didn't think so at first but I think it's just industry. I mean, Brazil are putting in double export tax and just about every export nation is beginning to have troubles with their exchange rate.

Funny situation in the future, if things keep going this way it might be cheaper to build stuff in the first world lol.,
  • #19,619
  • Oct 7, 2010 12:26am Oct 7, 2010 12:26am
losing volatility ...?

end of the road ?

do a W and then climb back up ..?

or the ice very thin that another drop down ?


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  • #19,620
  • Oct 7, 2010 12:29am Oct 7, 2010 12:29am
the triangle drop ...?

to where ...

can't see any substantial support to drop to ...


watching ... with eagle's eye ....


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