USD/JPY Discussion | Page 1030 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #20,581
  • Oct 24, 2010 11:53am Oct 24, 2010 11:53am
Quoting 00montie
im new to all this and im reading and reading your posts and other resources but im still really not sure what's going on.

with the USD QE will that devalue the currency therefore pushing it down but to what level? a lot of people on here don't believe that the dollar will drop below 87xx so what is the point of QE? or are you guys saying that with QE the dollar would go lower?
Then what about talks of the BOJ intervention? are we likely to see both? QE to push the Dollar down then the BOJ to jump in and send the dollar right back up?

im getting...
Doing forex is like managing your own fishing ship as a captain. You read charts (weather maps, too) and make decision upon which direction you go. You listen to "experts" and "colleagues" to make better decisions. Then, you realize that almost everybody says different things. So, ultimately you are on your own what fishing field you go and when to fish.

Live and learn -- as you accumulate your experience you will know better how to read charts and who to listen to.

I believe there is no correct answer to catch a big fish. There are millions of ways to do it. No matter how you do it, you are the winner when you land a big one!

Hope it helps...
  • #20,582
  • Oct 24, 2010 12:03pm Oct 24, 2010 12:03pm
Quoting Forexgogo
Doing forex is like managing your own fishing ship as a captain. You read charts (weather maps, too) and make decision upon which direction you go. You listen to "experts" and "colleagues" to make better decisions. Then, you realize that almost everybody says different things. So, ultimately you are on your own what fishing field you go and when to fish.

Live and learn -- as you accumulate your experience you will know better how to read charts and who to listen to.

I believe there is no correct answer to catch a big fish. There are millions...
I am visualizing an ocean with little forex ships on it right now... thanks for this fantasy!
this pig cannot be slaughtered for ever... or can it?
  • #20,583
  • Oct 24, 2010 12:16pm Oct 24, 2010 12:16pm
Now is 82.195... What a spike!!!
Back to 81.10

I got. The price from bloomberg.... Was that real?
  • #20,584
  • Oct 24, 2010 12:41pm Oct 24, 2010 12:41pm
Quoting Hugo Boss
Now is 82.195... What a spike!!!
Back to 81.10

I got. The price from bloomberg.... Was that real?
What?

I see only a silent sea... no waves here. (oanda)
this pig cannot be slaughtered for ever... or can it?
  • #20,585
  • Oct 24, 2010 12:49pm Oct 24, 2010 12:49pm
Quoting Forexgogo
Doing forex is like managing your own fishing ship as a captain. You read charts (weather maps, too) and make decision upon which direction you go. You listen to "experts" and "colleagues" to make better decisions. Then, you realize that almost everybody says different things. So, ultimately you are on your own what fishing field you go and when to fish.

Live and learn -- as you accumulate your experience you will know better how to read charts and who to listen to.

I believe there is no correct answer to catch a big fish. There are...
Nice metaphor! Also explains why even a bad or early trade can, with the right skill and handling, end up profitable or at least non-impacting to your bottom line.
  • #20,586
  • Edited 8:46pm Oct 24, 2010 8:30pm | Edited 8:46pm
http://img177.imageshack.us/img177/348/usdjpy15min.jpg

Breaking support and the trend is your friend....Target 79.94.
________________________________ Errare humanum est
  • #20,587
  • Oct 24, 2010 8:47pm Oct 24, 2010 8:47pm
Quoting MisterTrader
http://img177.imageshack.us/img177/348/usdjpy15min.jpg

Breaking support and the trend is your friend....Target 79.94.
Wait, I would like to see a few more pips to the downside... before I would call this a break
this pig cannot be slaughtered for ever... or can it?
  • #20,588
  • Oct 24, 2010 8:49pm Oct 24, 2010 8:49pm
Guess the Japs have forgotten all about their intervention, very quiet on that front. To intervene or not to intervene ? Guess big brother said : No can do Noda-san........
Enter Signature
  • #20,589
  • Oct 24, 2010 9:07pm Oct 24, 2010 9:07pm
break the channel floor ... ?

or respect the channel for now and oscillate between the channel boundaries ... ?

what was the G20 all about ? ... net result : status quo ... ?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 26 KB
  • #20,590
  • Oct 24, 2010 9:18pm Oct 24, 2010 9:18pm
Yup, one more time.....short. Really dont think there's gonna be any intervention other than "smoothing".
  • #20,591
  • Oct 24, 2010 9:46pm Oct 24, 2010 9:46pm
I dont get it... now everyone will keep from devaluating and the dollar will keep losing value anyway... is this the new deal the G-20 made?
this pig cannot be slaughtered for ever... or can it?
  • #20,592
  • Oct 24, 2010 10:03pm Oct 24, 2010 10:03pm
dollar just piece crap....we don't want dollar anymore...
long EURO, AUSSIE and NZD
  • #20,593
  • Oct 24, 2010 10:11pm Oct 24, 2010 10:11pm
yeah ,was thinking also like this .....

" if G20 agree to co-ordinate FX policies on excessively rapidly movements " , ....... then who will be players in the market , Soros vs GoldSachs ... ? "
  • #20,594
  • Oct 24, 2010 10:11pm Oct 24, 2010 10:11pm
Quoting georgem
I dont get it... now everyone will keep from devaluating and the dollar will keep losing value anyway... is this the new deal the G-20 made?
the deal is that G20 member is agree that Davaluating their currencies is not the best way.. Geithner also said that US back a strong dollar. but we can not see the action..... even US act to lower the USD with QE2. i hope Giethner word are serious....
  • #20,595
  • Oct 24, 2010 10:15pm Oct 24, 2010 10:15pm
it'll still move like before, guess they can just justify smoothing like the Japs did recently, a small intervention to slow the general trend.
  • #20,596
  • Oct 24, 2010 10:22pm Oct 24, 2010 10:22pm
Can someone please put it in simple language : getting a little headache reading this long winded report .... certainly I am not awed by their bombastic language ... cheeky : )


What did the G20 meeting achieve?

The Group of 20 advanced and emerging economies agreed on Saturday to move towards market-determined exchange rates and to pursue the full range of policies needed to reduce excessive external imbalances.

1) There was what the organisers termed a hardening of the rhetoric on
currencies in the final communique, with a shift to "market determined" exchange rates from "market oriented" in the agreement at the previous summit in Toronto. It also called for countries to avoid "competitive devaluations".

This statement however fell short of the best that markets had hoped for in the shape of some commitment by countries to allow their currencies to appreciate. With the Bank of Japan for one intervening to weaken its currency, the outlook is not hopeful.

All in all, the communique on currencies was in line with low market expectations.

2) There was pressure on the United States on quantitative easing that has flooded the banking sector and pushed hot money into emerging markets. The communique stressed the responsibility of countries with reserve currencies, i.e. the United States, to be "vigilant against excess volatility and disorderly". Countries such as Germany publicly criticised US policy, suggesting tensions remain.

3) Although the meeting fell short of satisfying US demands for firm numerical limits on current account balances, there will be "indicative" targets that should be rolled out at the meeting of G20 leaders in Seoul next month. These will be overseen by the IMF, although there is no power to sanction countries that break the limits.

4) Enhancing the role of developing countries by giving them greater voting and quota rights in the International Monetary Fund could make them share the burden of resolving global economic problems instead of indulging in unilateral action. That said, this issue will be difficult to police and countries from Brazil to South Korea are all taking measures.
That the IMF reforms were agreed at all at this forum was a big achievement, the organisers said.

5) While the series of references to an overarching macro-prudential framework governing fiscal consolidation, monetary policy, financial sector reform and exchange rate policies was an attempt at a comprehensive framework, it was light on detail. Optimists say the framework will be refined and that this is a good starting point. Pessimists say the communique is just words that are unlikely to be matched by action.

http://www.moneycontrol.com/news/wor...ve_493564.html
  • #20,597
  • Oct 24, 2010 10:43pm Oct 24, 2010 10:43pm
i think sideways trend will dominate this week. even the G20 doin nothin good, but this week US data prediction are quite good. And still hoping for the intervention though, even the G20 meeting do not allowed that. in my opinion, A known fundamental is a useless fundamental, sooo.. keep prepare for sudden intervention *finger crossed*
  • #20,598
  • Oct 24, 2010 11:30pm Oct 24, 2010 11:30pm
what do i like from BOJ is, even if the G20 meeting doesn't like its member to intervene their currencies, and all the member are agree(include Japan) Noda said that even if Japan Agree with the Meeting result, but that will not change japan policy to stay watch the market and ready to intervene. i believe as their explanation the Japan dare to intervene the market because current situation on yen was not reflecting the fundamental condition and the movement is to fast, that is why they intervene last 15 sept. so on my perception the Jap intervention will not come unless the Yen breaking a new 15 years low. other than that Japan gov and BOj will wait for the yen to weaken it self.
  • #20,599
  • Oct 24, 2010 11:40pm Oct 24, 2010 11:40pm
hourly chart ...

breaking down towards 80.80 ...?

------------------


Admin : can't upload picture (chart) .... getting this message :

Sorry, you have requested an invalid Post.

If the page has been moved, you may be able to find it by doing a search at the top of this page. If you believe you have reached this message in error, please submit a contact form.

..... is anything blocking my Mac .. ? .... do I have to disable something for uploading the charts ... the last chart was after a few attempts ...
  • #20,600
  • Oct 24, 2010 11:49pm Oct 24, 2010 11:49pm
Quoting yeri
what do i like from BOJ is, even if the G20 meeting doesn't like its member to intervene their currencies, and all the member are agree(include Japan) Noda said that even if Japan Agree with the Meeting result, but that will not change japan policy to stay watch the market and ready to intervene. i believe as their explanation the Japan dare to intervene the market because current situation on yen was not reflecting the fundamental condition and the movement is to fast, that is why they intervene last 15 sept. so on my perception the Jap intervention...
I agree with you up to a point Yeri, but since Sept 15, how many new lows has there been?......including movements of 100 pips in one day? And Noda has done what?......'watched closely'.....and threaten.

The fact is tht USA is in no position to utter a single word about currency intervention, because under Obama USA has been printing dollars hand over fist, under the guise of 'Quantative Easing'........and they are threatening more of the same, and no matter which way you look at it, it is intervention.

The G20 nations have got it all backward....they should all be telling Bernanke and that idiot Geithner.....'print one more dollar and you can consider a currency war in effect'. Those pricks in the FED think they have a right to tell other countries what they themselves will not do.

Just why Kan, Noda and other G20 members put up with this bully boy bullshit is unbelievable
Doing what you like is Freedom. Liking what you do is Happiness.
25 traders viewing now