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USD/JPY Discussion

  • #20,081
  • Oct 13, 2010 7:44pm Oct 13, 2010 7:44pm
Noda is a wet paper bag for sure. No amount of verbal intervention will stop the rot. Noda needs to use the force of BOJ soon. Losing face, I think he lost it long ago when the intervention gave all it gains away.
  • #20,082
  • Oct 13, 2010 7:48pm Oct 13, 2010 7:48pm
Quoting dejamls
Yes very tight stops, just in case BOJ "intervenes"

You just never know, just like Noda
Is it true that when volatility is at its extreme ( during intervention for example), stop loss levels may not be respected. Price may 'skip' our desired SL and trade close at the next available price which could be way higher than set. If this is scenario is possible, kinda dangerous I think; may lose much more than you planned.
  • #20,083
  • Oct 13, 2010 7:49pm Oct 13, 2010 7:49pm
Quoting realjumper
Nah I think he's out back....having a few shots of Sake
He's so scared of what the US could tell him if he intervenes again that he will only keep staring very carefully to FX markets. lol
  • #20,084
  • Oct 13, 2010 7:51pm Oct 13, 2010 7:51pm
Quoting Hugo Boss
better ozawa become PM....
You mean maria? that would be wonderful
all world currencies will go on knees
  • #20,085
  • Oct 13, 2010 7:52pm Oct 13, 2010 7:52pm
If this continues unabated, then it's surely sayōnara to the export driven economic recovery for Japan. I can almost hear Cannon and Toyota crying from here.

I wonder, if the focus shifts from USA economic woes to Japan's, in the same way that it shifted from EZ to USA, and the true state of the Japan economy is acknowledged for what it truely is (ie in deep shit), then a massive crash of the Yen would follow quite quickly. I wouldn't hold your breath waiting for it, but it must come.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,086
  • Oct 13, 2010 7:54pm Oct 13, 2010 7:54pm
Quoting PipMaxzz
You mean maria? that would be wonderful
all world currencies will go on knees
i choose mari oazawa... she is better than him...
  • #20,087
  • Oct 13, 2010 7:55pm Oct 13, 2010 7:55pm
Quoting realjumper
If this continues unabated, then it's surely sayōnara to the export driven economic recovery for Japan. I can almost hear Cannon and Toyota crying from here.

I wonder, if the focus shifts from USA economic woes to Japan's, in the same way that it shifted from EZ to USA, and the true state of the Japan economy is acknowledged for what it truely is (ie in deep shit), then a massive crash of the Yen would follow quite quickly. I wouldn't hold your breath waiting for it, but it must come.
May be Cannon and Toyota should relocate all their R&D and factories to other parts of Asia or to US
  • #20,088
  • Oct 13, 2010 7:56pm Oct 13, 2010 7:56pm
Quoting realjumper
If this continues unabated, then it's surely sayōnara to the export driven economic recovery for Japan. I can almost hear Cannon and Toyota crying from here.

I wonder, if the focus shifts from USA economic woes to Japan's, in the same way that it shifted from EZ to USA, and the true state of the Japan economy is acknowledged for what it truely is (ie in deep shit), then a massive crash of the Yen would follow quite quickly. I wouldn't hold your breath waiting for it, but it must come.

Thats why its really weird Noda hasn't ordered sustained large scale intervention. The big commerical's must be extremely worried and I suspect pressuring the government to do something soon.
  • #20,089
  • Oct 13, 2010 7:56pm Oct 13, 2010 7:56pm
next target 80,90..
  • #20,090
  • Oct 13, 2010 7:57pm Oct 13, 2010 7:57pm
Quoting Hugo Boss
i choose mari oazawa... she is better than him...
i heard she is a canadian jap. should be able to speak good english as well. In case there is another automobile recall case, she can defend in congress better
  • #20,091
  • Oct 13, 2010 7:58pm Oct 13, 2010 7:58pm
Quoting PipMaxzz
May be Cannon and Toyota should relocate all their R&D and factories to other parts of Asia or to US
Well they are actually quite well spread out around the globe, but the more that manufacturing goes off shore, so then the more unemployment rises.....with it's own set of headaches for the economic recovery
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,092
  • Oct 13, 2010 8:00pm Oct 13, 2010 8:00pm
Quoting dejamls
Thats why its really weird Noda hasn't ordered sustained large scale intervention. The big commerical's must be extremely worried and I suspect pressuring the government to do something soon.
They've been putting the pressure on for quite a while now. It would be nice to know the reasons for the lack of any action whatsoever, but we'll never know that.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,093
  • Oct 13, 2010 8:02pm Oct 13, 2010 8:02pm
Quoting realjumper
Well they are actually quite well spread out around the globe, but the more that manufacturing goes off shore, so then the more unemployment rises.....with it's own set of headaches for the economic recovery
If they can hold on for a while, once the world start shifting focus from the Fed's QE to the reality in jap, the amount of debt they have, UJ will automatically return to 90. That may be what BOJ is planning. I think they will atleast wait till the Fed decision on QE. I dont think they want to hold the falling knife till then
  • #20,094
  • Oct 13, 2010 8:06pm Oct 13, 2010 8:06pm
82,27.... no bullish candle... it's gonna break 80,00 today?
  • #20,095
  • Oct 13, 2010 8:09pm Oct 13, 2010 8:09pm
Quoting Hugo Boss
82,27.... no bullish candle... it's gonna break 80,00 today?
I have next supports as below:
81.09
81.03
80.28
79.20
78.83
00.00
  • #20,096
  • Oct 13, 2010 8:09pm Oct 13, 2010 8:09pm
Quoting Hugo Boss
82,27.... no bullish candle... it's gonna break 80,00 today?
Gut feeling is yes
  • #20,097
  • Oct 13, 2010 8:09pm Oct 13, 2010 8:09pm
"Noda Says Japan Ready to Take `Bold' Action When Yen Hits New 15-Year High"


Ummmm.....Noda.....wakey wakey!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,098
  • Oct 13, 2010 8:13pm Oct 13, 2010 8:13pm
How about the US and JP have been planning this ruse since August? 1.Obama needs something to convince the voters that the economy is turmed around with his stimulus plan. Dems are in trouble with mid term election. Repubs take over congress and Obama is lame duck to the max.
2. Formulate a plan to kill the USD to cheapen all exports and drive the DOW and S&P up
3. Voters see DOW rally and think Obama is telling the truth for a change
4. US and JP conspire to kill USD
5. JP buys with xx billion at 82.88 and turns the table but
6. Then slowly sells to newer lows and starts over again
7. Toyota, Cannon Etc are told to sit tight and some of the profits from quick buy/sell and then shorting will be theirs too.
If you had the billions to move the market either way and then reverse over time, would you??
So many deals with Gov and big boys we are only guessing at best and usualy get the shaft. Just my 2 cents and thoughts.
I would guess that 80.98 is new bottom based on lower trend line of daily from 9/1/10 and 9/15/10 lows. Again, just a guess. Noda nor Obama have shared the secerts with me.
  • #20,099
  • Oct 13, 2010 8:19pm Oct 13, 2010 8:19pm
Quoting realjumper
"Noda Says Japan Ready to Take `Bold' Action When Yen Hits New 15-Year High"


Ummmm.....Noda.....wakey wakey!!!

  • #20,100
  • Oct 13, 2010 8:26pm Oct 13, 2010 8:26pm
Well, I'm taking a punt here.....I put a very small long on 81.25....sl 80.80. It's too quiet.....something might be cooking....
Doing what you like is Freedom. Liking what you do is Happiness.
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