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USD/JPY Discussion

  • #19,661
  • Oct 7, 2010 2:34am Oct 7, 2010 2:34am
Quoting bug
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?
I believe they did at London and NY sessions on 9/15-16. JP newspaper confirmed it.
  • #19,662
  • Oct 7, 2010 2:37am Oct 7, 2010 2:37am
Quoting Heliosdz
What was this JPY bearish movment that just happened on most of the JPY pairs ?
Movement has become in acceleration

eur made new high against dollar

but even now after eur back down jpy stuck down
  • #19,663
  • Oct 7, 2010 2:38am Oct 7, 2010 2:38am
82,5 is break, next is 80
  • #19,664
  • Oct 7, 2010 2:41am Oct 7, 2010 2:41am
Quoting MisterTrader
82.35 might be attacked today. Letīs see.
BINGO.

expect from now on every minute BOJ interventions, guys...
________________________________ Errare humanum est
  • #19,665
  • Oct 7, 2010 2:43am Oct 7, 2010 2:43am
Quoting Nud
82,5 is break, next is 80

personaly more down mean more pips

but 80 for now not on the table.
  • #19,666
  • Oct 7, 2010 2:43am Oct 7, 2010 2:43am
Isn't it strange that the Nikkei has barely moved? Last time yen strengthened this much Japanese equities were all down by a considerable %. Not now.
If you don't risk, you don't ever have to lose.
  • #19,667
  • Oct 7, 2010 2:47am Oct 7, 2010 2:47am
Quoting nedal26
personaly more down mean more pips

but 80 for now not on the table.
agree with you. 80 still away but possible reached if there is no intervention. let see it just the matter of time now.
  • #19,668
  • Oct 7, 2010 2:47am Oct 7, 2010 2:47am
Quoting bug
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?
G7 countries don't shut down outside of 9-5. On holidays, Ashraf Laidi twittered the following a few hours ago:

Quote
Japanese holiday Monday; could be green light to sell $USDJPY on NFP ? don't be so sure they've intervened on holidays b4 $$
  • #19,669
  • Oct 7, 2010 2:49am Oct 7, 2010 2:49am
Quoting nedal26
personaly more down mean more pips

but 80 for now not on the table.
not now but tomorrow
now there is no floor
  • #19,670
  • Oct 7, 2010 2:49am Oct 7, 2010 2:49am
Dollar index is on 77 and potential bottom is on 74 so....
The Market pays you to be disciplined
  • #19,671
  • Oct 7, 2010 2:50am Oct 7, 2010 2:50am
Quoting grashid
just enough 8.5% for oct profit as next week will busy with my business trip...

with this failure of intervence from BOJ, i am not suprise if market will have another round of crash...but definetely not flash crash..but in step by step manner...

so sell all rallies for all cross is the way it should...EY is ready n waiting i think..

good luck guys

g
81.80 next? let c how it goes....mm...should not close early yesterday..but nevermine..no greed
  • #19,672
  • Oct 7, 2010 2:51am Oct 7, 2010 2:51am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
what happen
Shake it off!Lick the Wound,Prey Again!
  • #19,673
  • Oct 7, 2010 2:56am Oct 7, 2010 2:56am
Quoting MisterTrader
BINGO.

expect from now on every minute BOJ interventions, guys...
Got to be alert to the possibility, but this latest move down is the market calling the bluff of boj. "will take the neccessary steps in the event of sudden fx moves"....."will continue to intervene if the Yen makes sudden gains in fx"......intervention is to be used for smoothing the exchange rate'......blah, blah, blah. This is the test......and so far boj fails convincingly.

I'm pretty sure that they got told off by Obama et al last time they intervened......so far it looks like they (boj) are going to do what they have been told to do.....which is a suprise to me.

I would have thought that boj would have realised by now that 'action talks...bullshit (and rhetoric) walks'.........lol.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,674
  • Oct 7, 2010 2:58am Oct 7, 2010 2:58am
Quoting grashid
81.80 next? let c how it goes....mm...should not close early yesterday..but nevermine..no greed
so sell all rallies for all cross is the way it should

until that accurs that is another story..

well done.
  • #19,675
  • Oct 7, 2010 2:58am Oct 7, 2010 2:58am
Here's the view from 2003. Quite amazing. This piling into the yen is just plain dumb. It won't last forever, esp. since Japan's not been in this bad shape for 20+ years.
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  • #19,676
  • Oct 7, 2010 3:02am Oct 7, 2010 3:02am
Quoting realjumper
Got to be alert to the possibility, but this latest move down is the market calling the bluff of boj. "will take the neccessary steps in the event of sudden fx moves"....."will continue to intervene if the Yen makes sudden gains in fx"......intervention is to be used for smoothing the exchange rate'......blah, blah, blah. This is the test......and so far boj fails convincingly.

I'm pretty sure that they got told off by Obama et al last time they intervened......so far it looks like they (boj) are going to do what they have been told to do.....which...
but Obana will not rescue their export and jobs...so they must be ready for new code 7x.xx?
  • #19,677
  • Oct 7, 2010 3:02am Oct 7, 2010 3:02am
Quoting Beljevina
Here's the view from 2003. Quite amazing. This piling into the yen is just plain dumb. It won't last forever, esp. since Japan's not been in this bad shape for 20+ years.
Agreed....and I've been saying this for some time now
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,678
  • Oct 7, 2010 3:04am Oct 7, 2010 3:04am
Quoting Nud
but Obana will not rescue their export and jobs...so they must be ready for new code 7x.xx?
He certainly won't!! That's why I suprised that BOJ/Govt took any notice of him.....moreso when he prints as much currency as Mugabe!!....well....maybe not quite that much!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #19,679
  • Oct 7, 2010 3:08am Oct 7, 2010 3:08am
Quoting realjumper
.....and so far boj fails convincingly.

I'm pretty sure that they got told off by Obama et al last time they intervened......so far it looks like they (boj) are going to do what they have been told to do.....which is a suprise to me.

I would have thought that boj would have realised by now that 'action talks...bullshit (and rhetoric) walks'.........lol.......
No doubt diplomatic & formal channels were/are abuzz after Japan intervened last time. I'm just surprised Japan is so untrue to their oft-repeated words - the internal political fallout won't be repairable. I mean, as one of the most powerful countries in the world, to lay out a plan and not follow it for whatever reason implies major lack of resolve, coordination and management of your resources.

I'm not just talking a case for intervention here, but for the whole value of the yen, and what it can do to your economic prosperity. You don't resolve this with a few interventions but rather by marketing policy and intent shifts, over a sustained period; the BoJ decrees of a few days ago were too feeble, too late & too little.
  • #19,680
  • Oct 7, 2010 3:14am Oct 7, 2010 3:14am
Quoting realjumper
Got to be alert to the possibility, but this latest move down is the market calling the bluff of boj. "will take the neccessary steps in the event of sudden fx moves"....."will continue to intervene if the Yen makes sudden gains in fx"......intervention is to be used for smoothing the exchange rate'......blah, blah, blah. This is the test......and so far boj fails convincingly.

I'm pretty sure that they got told off by Obama et al last time they intervened......so far it looks like they (boj) are going to do what they have been told...
that is what we discuss on their rethoric before....
so again chart never lie..

Ok seem weekly already had 3 down bar, i would like to se how this week close...if above 83.20 n monday close confim at this resistance to become support...i think yes u r right they may do somethings soon...

n if that happen 92-92.90 could be the next target...mm..hope this target is not a dream for bull bias.

base on my chart if something 'Bull shit' happen 84.20-86.30(must break)-87.10-92-92.90 could go...

otherwise break 81.80...another new low

just my 2 cent..

g
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