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USD/JPY Discussion

  • #19,641
  • Oct 7, 2010 1:16am Oct 7, 2010 1:16am
Quoting nedal26
comon man...it was smooth ride
yeah...I hope you rode it all the way up. i dropped half way, thinking it will reverse..
  • #19,642
  • Oct 7, 2010 1:18am Oct 7, 2010 1:18am
Quoting PipMaxzz
Japan is not into currency devaluation race, but only does smoothing: http://www.bloomberg.com/news/2010-1...ster-says.html

wow...the 250 pips bullrun last week was only a smoothing operation.
yep, in 2007 uj was 124, so what is 200 pips?
  • #19,643
  • Oct 7, 2010 1:33am Oct 7, 2010 1:33am
Quoting PipMaxzz
yeah...I hope you rode it all the way up. i dropped half way, thinking it will reverse..

i hold it all the way but but let them kick me out at 85 hoping to for more...greeeeeeedy..


waiting another free ride ...

what ever it take it`s coming for sure... or Japan PM Kan gonna export his shorts..
  • #19,644
  • Oct 7, 2010 1:47am Oct 7, 2010 1:47am
Quoting nedal26
i hold it all the way but but let them kick me out at 85 hoping to for more...greeeeeeedy..


waiting another free ride ...

what ever it take it`s coming for sure... or Japan PM Kan gonna export his shorts..
Ok I trust your word. haha.... I am going long from 82.71.
  • #19,645
  • Oct 7, 2010 1:49am Oct 7, 2010 1:49am
well, I think if BOJ & other financial authorities become dumb & not talking will be much better becaouse they dont know what they are talking about just cheating traders & investors. so if they dont talk , the market itself can find its way normally. one day they say intervention the other day smoothing but when they talk to eachother they are happy that their main aim is cheating.!!
  • #19,646
  • Oct 7, 2010 1:49am Oct 7, 2010 1:49am
Just as well PM Kan said he 'wasn't going to intervene' or he'd be in for a right ass kicking!! lol
  • #19,647
  • Oct 7, 2010 1:54am Oct 7, 2010 1:54am
This is from a subscription service, hence I'm paraphrasing and not copy'n'pasting. It might be rubbish or may be true. Take it as an FYI:

Quote
Rumors are circulating that BoJ would like to intervene in the markets prior to this weekend’s G7 and IMF meetings. Others cite that the BoJ realizes that they simply cannot stand in the way of the bullet train that is the falling dollar. Regardless, some traders are still deeming the real estate under the 82.75 level as a potential trigger for BoJ action in the market.

And I see we've dipped to 82.63. And, Bloomberg just stated that "analysts don't think BoJ would be brave enough" to intervene before the weekend summit.
  • #19,648
  • Oct 7, 2010 1:54am Oct 7, 2010 1:54am
Quoting uptrendup
well, I think if BOJ & other financial authorities become dumb & not talking will be much better becaouse they dont know what they are talking about just cheating traders & investors. so if they dont talk , the market itself can find its way normally. one day they say intervention the other day smoothing but when they talk to eachother they are happy that their main aim is cheating.!!
Attached Image (click to enlarge)
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  • #19,649
  • Oct 7, 2010 1:57am Oct 7, 2010 1:57am
Short CME JPY futures 0.01205-0.01208 futures. Hedged 0.01400 March 11 calls.
________________________________ Errare humanum est
  • #19,650
  • Oct 7, 2010 2:00am Oct 7, 2010 2:00am
Quoting PipMaxzz
Ok I trust your word. haha.... I am going long from 82.71.

for all of us

intervene is a Game consists of three factors

1: be smart in openning orders ( do not rush ).

2: good money management.

3: patient

it`s coming it`s coming but who know the time...BOJ..
  • #19,651
  • Oct 7, 2010 2:11am Oct 7, 2010 2:11am
Quoting nedal26
for all of us

intervene is a Game consists of three factors

1: be smart in openning orders ( do not rush ).

2: good money management.

3: patient

it`s coming it`s coming but who know the time...BOJ..
May be good to place a pending buy at 30-40 pips higher and wait. It could slip, but you still catch some quick action
  • #19,652
  • Oct 7, 2010 2:18am Oct 7, 2010 2:18am
uj will drop to 82,15 or more if there were no intervention...
  • #19,653
  • Oct 7, 2010 2:23am Oct 7, 2010 2:23am
BoJ only make rumor for slowing this drop, if all catch this then...
Tokyo ends 1,5hr
so we are on 82,5

so they save some yens but kill exporters
  • #19,654
  • Oct 7, 2010 2:26am Oct 7, 2010 2:26am
Quoting PipMaxzz
May be good to place a pending buy at 30-40 pips higher and wait. It could slip, but you still catch some quick action
already in long...but i have set some buy stops at some levels starting from 83.
in case that things start flying i will be in at the right time
  • #19,655
  • Oct 7, 2010 2:27am Oct 7, 2010 2:27am
This isn't to say that BoJ will take action, but note that last Friday it was confirmed that they had folks on late into the NY trading afternoon, and I'd expect they also have folks on outside of Tokyo business hours. No reason to think they wouldn't. Also note that BoJ has intervened on holidays in the past. (Next Monday is a bank holiday in Japan)
  • #19,656
  • Oct 7, 2010 2:29am Oct 7, 2010 2:29am
What was this JPY bearish movment that just happened on most of the JPY pairs ?
  • #19,657
  • Oct 7, 2010 2:30am Oct 7, 2010 2:30am
if the market does not force BOJ..they will not appears..
so every thing look good so far.
  • #19,658
  • Oct 7, 2010 2:31am Oct 7, 2010 2:31am
Quoting Beljevina
This isn't to say that BoJ will take action, but note that last Friday it was confirmed that they had folks on late into the NY trading afternoon, and I'd expect they also have folks on outside of Tokyo business hours. No reason to think they wouldn't. Also note that BoJ has intervened on holidays in the past. (Next Monday is a bank holiday in Japan)
Has the BOJ/MoF intervened outside the Tokyo sessions before? I been meaning to ask this question for a few days now but I couldn't find anyone who knew anything about Japanese interventions. Would you know anything?
If you don't risk, you don't ever have to lose.
  • #19,659
  • Oct 7, 2010 2:32am Oct 7, 2010 2:32am
Quoting Beljevina
This isn't to say that BoJ will take action, but note that last Friday it was confirmed that they had folks on late into the NY trading afternoon, and I'd expect they also have folks on outside of Tokyo business hours. No reason to think they wouldn't. Also note that BoJ has intervened on holidays in the past. (Next Monday is a bank holiday in Japan)

one more point that this holiday come just after NFP news...
  • #19,660
  • Oct 7, 2010 2:34am Oct 7, 2010 2:34am
Food for thought: http://www.forexlive.com/137596/all/...solve-yen-rise
If you don't risk, you don't ever have to lose.
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