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USD/JPY Discussion

  • #20,941
  • Oct 31, 2010 6:43pm Oct 31, 2010 6:43pm
guys, the united states is about to unleash qe2, the reason they are doing this is to help inflate their enormous debt problem away - a long term prospectus, this is not going to change anytime soon, the world is running away from the usd as a reserve currency, we are at an all time usdjpy low

i dont see a pullback anytime soon
  • #20,942
  • Oct 31, 2010 6:44pm Oct 31, 2010 6:44pm
If BOJ is going to have a crack at this, it won't be until after FOMC and in all probability, not until after NFP.....so.....imo, sit tight until next week!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,943
  • Oct 31, 2010 6:45pm Oct 31, 2010 6:45pm
Quoting georgem
is it more probable that BoJ will intervene when tokio bourse is open? Or can they intervene anytime 24/7?
If they want to intervene when tokio is closed dont they have to use the help of another central bank?
The last intervention 9/15, JP was engaged in Tokyo, London and NY markets.
  • #20,944
  • Oct 31, 2010 6:50pm Oct 31, 2010 6:50pm
Quoting realjumper
If BOJ is going to have a crack at this, it won't be until after FOMC and in all probability, not until after NFP.....so.....imo, sit tight until next week!
Japs supposed to have meeting on 11-3-10 but they postponed it till
11-4-10...
The Market pays you to be disciplined
  • #20,945
  • Oct 31, 2010 6:52pm Oct 31, 2010 6:52pm
it would be foolish for them to intervene before a rigid announcement of qe2
  • #20,946
  • Oct 31, 2010 6:55pm Oct 31, 2010 6:55pm
Quoting ddrawknee
guys, the united states is about to unleash qe2, the reason they are doing this is to help inflate their enormous debt problem away - a long term prospectus, this is not going to change anytime soon, the world is running away from the usd as a reserve currency, we are at an all time usdjpy low

i dont see a pullback anytime soon
USA is one part of the equation, the other is Japan. Lets not forget this. Its not determined by one side only.
this pig cannot be slaughtered for ever... or can it?
  • #20,947
  • Oct 31, 2010 6:56pm Oct 31, 2010 6:56pm
Quoting georgem
is it more probable that BoJ will intervene when tokio bourse is open? Or can they intervene anytime 24/7?
If they want to intervene when tokio is closed dont they have to use the help of another central bank?
A G7 nation, especially at times like this does not have hours of operation. They have desks and emissaries around the world ready to go if called upon. In the past Japan has launched intervention on holidays, and at 7am NY time as examples. The Sept 15 one started about 9:07 pm NY time, & forexgogo mentions key details. And, each intervention can be of different characteristics than say the last one we had. If they want, they can move it 200 pips in minutes. Check my older post here for BoJ intervention and a ECB example here.
  • #20,948
  • Oct 31, 2010 7:01pm Oct 31, 2010 7:01pm
Wow it hit my TP so fast I couldn't move it!!
  • #20,949
  • Oct 31, 2010 7:02pm Oct 31, 2010 7:02pm
omg i earned 400 pips with 20 positions in 1minute what happend ?
  • #20,950
  • Oct 31, 2010 7:02pm Oct 31, 2010 7:02pm
is that intervention?
  • #20,951
  • Oct 31, 2010 7:02pm Oct 31, 2010 7:02pm
intervention?
  • #20,952
  • Oct 31, 2010 7:02pm Oct 31, 2010 7:02pm
intervention?? still struggling to take out 81
  • #20,953
  • Oct 31, 2010 7:05pm Oct 31, 2010 7:05pm
Look they just did hahahhaha
who raped silver !
  • #20,954
  • Oct 31, 2010 7:05pm Oct 31, 2010 7:05pm
apparently so but it's struggling.
  • #20,955
  • Oct 31, 2010 7:05pm Oct 31, 2010 7:05pm
Must be intervention... USD/JPY does not move 100 pips instantly under any normal circumstances.
  • #20,956
  • Oct 31, 2010 7:06pm Oct 31, 2010 7:06pm
georgem,

you are right, but on the grand scale i think boj's efforts won't be enough to unwind the current trend in the long term, too many overwhelming other forces at work, the usd is simply in weak demand
  • #20,957
  • Oct 31, 2010 7:08pm Oct 31, 2010 7:08pm
wow crazy movement... what is this? if not intervention? what could possibly move slow moving UJ like this? even payrolls cannot do this.... tp hit in a blink....
  • #20,958
  • Oct 31, 2010 7:08pm Oct 31, 2010 7:08pm
Bring it on to 82.50 and ill be on vacations
who raped silver !
  • #20,959
  • Oct 31, 2010 7:08pm Oct 31, 2010 7:08pm
she is still going... but a huge rejection off 81.46
  • #20,960
  • Oct 31, 2010 7:09pm Oct 31, 2010 7:09pm
I love BOJ, they also give me free money,
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