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USD/JPY Discussion

  • #20,061
  • Oct 13, 2010 5:00pm Oct 13, 2010 5:00pm
DJ Japan Fin Min Noda: Closely Watching FX Markets
13-Oct-2010


Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #20,062
  • Oct 13, 2010 5:18pm Oct 13, 2010 5:18pm
Turn out the liights, the party is over
All good things must come to an end

Well it was an interesting trade but I am now officially out of it. Took a loss but overall the Pair has been good to me here lately.

Did not think it would touch below 81.50 so quickly.
  • #20,063
  • Oct 13, 2010 5:22pm Oct 13, 2010 5:22pm
Quoting DMA Trader
DJ Japan Fin Min Noda: Closely Watching FX Markets
13-Oct-2010



Yep he trying to win a staring comp but every time he blinks it drops some more.

  • #20,064
  • Oct 13, 2010 5:57pm Oct 13, 2010 5:57pm
Quoting DMA Trader
DJ Japan Fin Min Noda: Closely Watching FX Markets
13-Oct-2010


DJ Japan Fin Min Noda: Will take decisive action against any sudden movement in the fx market.......

yeah, yeah.....yadda yadda yadda......

Yo Noda......let me tell you a story about the boy who cried wolf.....lol.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,065
  • Oct 13, 2010 5:58pm Oct 13, 2010 5:58pm
Quoting realjumper
DJ Japan Fin Min Noda: Will take decisive action against any sudden movement in the fx market.......

yeah, yeah.....yadda yadda yadda......

Yo Noda......let me tell you a story about the boy who cried wolf.....lol.....
lol
  • #20,066
  • Oct 13, 2010 6:41pm Oct 13, 2010 6:41pm
80 maybe on the cards today the way it is going. Nervous the longs remaining must be.
  • #20,067
  • Oct 13, 2010 7:08pm Oct 13, 2010 7:08pm
Its as if someone really wants to test the resolve of the Japanese.

I wonder what is really their line in the sand? Surely, we would have seen them by now if they really cared?
  • #20,068
  • Oct 13, 2010 7:15pm Oct 13, 2010 7:15pm
"Japanese Finance Minister Noda spoke to the lawmakers in parliament that 'he could not answer whether or not the government will conduct currency intervention as the yen hovers near a 15-year high versus the dollar"

http://www.forexpros.com/fundamental...cetrader-64622

Seems to me Noda not sure when to intervene or if at all. Must be some big political and commerical pressure coming to bear on his shoulders now, yet he seems restrained, why?
  • #20,069
  • Oct 13, 2010 7:17pm Oct 13, 2010 7:17pm
Quoting forexstrah
Its as if someone really wants to test the resolve of the Japanese.

I wonder what is really their line in the sand? Surely, we would have seen them by now if they really cared?
Yesterday they(Japs) said no rapid move ...tonight was 15 min candle 30 pips and still moving down....no respond...I think they don't have set number for intervention and as I said before they are too weak to challenge market...so no intervention....market will decide when to go long UJ...
The Market pays you to be disciplined
  • #20,070
  • Oct 13, 2010 7:18pm Oct 13, 2010 7:18pm
Seems like someone is testing the patience of BOJ guys. But they cant do much. So I am keep shorting with tight SL.

Anyone on same boat?
  • #20,071
  • Oct 13, 2010 7:18pm Oct 13, 2010 7:18pm
break low..
we can predict price better than BOJ...
  • #20,072
  • Oct 13, 2010 7:23pm Oct 13, 2010 7:23pm
Given that 'saving face' is so central to Japanese culture, Noddy..I mean Noda, is looking pretty stupid about now.....what with all his rhetoric etc etc which amounts to sweet fa.

Would you like to be a fly on the wall in his office right now?......hope it's a ground floor office!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,073
  • Oct 13, 2010 7:24pm Oct 13, 2010 7:24pm
Quoting PipMaxzz
Seems like someone is testing the patience of BOJ guys. But they cant do much. So I am keep shorting with tight SL.

Anyone on same boat?
Yes very tight stops, just in case BOJ "intervenes"

You just never know, just like Noda
  • #20,074
  • Oct 13, 2010 7:27pm Oct 13, 2010 7:27pm
better ozawa become PM....
  • #20,075
  • Oct 13, 2010 7:28pm Oct 13, 2010 7:28pm
When Noda says "rapid movements are undesirable", by rapid movements, how many pips per hour does he mean?

Surely not 70 pph?
I'm watching this currency so closely I'm using windows magnifier
  • #20,076
  • Oct 13, 2010 7:31pm Oct 13, 2010 7:31pm
Quoting Hugo Boss
better ozawa become PM....
You'd have to wonder whether (yet) another PM election is on the cards soon....I mean it's not as if Kan has acheived anything.....at all?!?!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,077
  • Oct 13, 2010 7:40pm Oct 13, 2010 7:40pm
Is Noda still watching? new low on USDJPY
  • #20,078
  • Oct 13, 2010 7:40pm Oct 13, 2010 7:40pm
From a TA standpoint....this pair is oversold (stochastic) to the extreme....all the way from the M15 to the Monthly. Doesn't mean it can't continue down of course, but at least a correction must surely come sooner or later.......Noda or no Noda.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,079
  • Oct 13, 2010 7:41pm Oct 13, 2010 7:41pm
Market already testing touch below 81.30 and nobody at home... may be boj already fall a sleep...
  • #20,080
  • Oct 13, 2010 7:42pm Oct 13, 2010 7:42pm
Quoting kandarv
Is Noda still watching? new low on USDJPY
Nah I think he's out back....having a few shots of Sake
Doing what you like is Freedom. Liking what you do is Happiness.
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