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USD/JPY Discussion

  • #20,981
  • Oct 31, 2010 7:36pm Oct 31, 2010 7:36pm
Quoting faelnirv
it does not remain? really, if it comes down again, i think BOJ is just hitting a lot of sell orders at 81.53 the resistance channel and at the other yen pair GBP and EUR, both get the same resistance channel, (but who sell? since the majority of retails are long now), . to think that they cannot bring them all up? . no this is not intervention, maybe big speculators did this, maybe they work together or something, like what happend on may...
I agree that this is not JP intervention. One of big boys did it for some reason...
  • #20,982
  • Oct 31, 2010 7:37pm Oct 31, 2010 7:37pm
Quoting mima
No big deal...they have to do it again....
Well, this is a nice prelude into an eventful week. This is going to be fuuuuuuuuun.
this pig cannot be slaughtered for ever... or can it?
  • #20,983
  • Oct 31, 2010 7:40pm Oct 31, 2010 7:40pm
Inserted Video
this pig cannot be slaughtered for ever... or can it?
  • #20,984
  • Oct 31, 2010 7:42pm Oct 31, 2010 7:42pm
it's only a "verbal" intervention folks... (intervene without cost any money, just need some nice word )

many of trader are afraid I guess, so they all lose their sell position.

quite effective though! maybe Japan PM could intervene verbally once everyday

jump from 80.25 to 81.46 in a single minute... awesome!
  • #20,985
  • Oct 31, 2010 7:47pm Oct 31, 2010 7:47pm
The timing was 8:00 ET. It is really hard for me to accept that this event was unplanned. This move may be indicating the longer term trend and the war is on!
  • #20,986
  • Oct 31, 2010 7:48pm Oct 31, 2010 7:48pm
HMMMMMMMMMMMMMM

WHat to do next
who raped silver !
  • #20,987
  • Oct 31, 2010 7:49pm Oct 31, 2010 7:49pm
Quoting georgem
http://www.youtube.com/watch?v=1b_P879EEQY
Can some one check boj website?they used to put something there if there is a real intervention.
  • #20,988
  • Oct 31, 2010 7:52pm Oct 31, 2010 7:52pm
Nothing posted there as of right now, starting to think this was all just speculation...

Quoting yeri
Can some one check boj website?they used to put something there if there is a real intervention.
  • #20,989
  • Oct 31, 2010 7:54pm Oct 31, 2010 7:54pm
Quoting yeri
Can some one check boj website?they used to put something there if there is a real intervention.
i would have thought this isn't intervention... price slid back down quickly... boj would throw alot more power behind it imo
  • #20,990
  • Oct 31, 2010 7:54pm Oct 31, 2010 7:54pm
Quoting sat0pi
Nothing posted there as of right now, starting to think this was all just speculation...

Then what the heck happened?!
  • #20,991
  • Oct 31, 2010 7:57pm Oct 31, 2010 7:57pm
they are playing with us... a good fighter knows how to provoke and intercept...

now, in 3 min chinese data comes out: China Manufacturing PMI

will it have effect?
this pig cannot be slaughtered for ever... or can it?
  • #20,992
  • Oct 31, 2010 8:04pm Oct 31, 2010 8:04pm
at least for now, we know something for sure, that Noda does not watch the market closely....cause if he did, he could have used the momentum to push UJ further more.... hahahahahahahaha...
sell at 80.67 with tight stop loss.. going on to 80.00...
i still believe 79 is imminent, and we will see reversal...
  • #20,993
  • Oct 31, 2010 8:06pm Oct 31, 2010 8:06pm
0102 GMT [Dow Jones] USD/JPY spike of more than one yen to 81.55 came amid talk of buying by global macro funds, says trader at European brokerage. Casting further doubt on speculation that move may have been driven by Japanese government intervention, other dealers cite rumors that sharp move may have been caused by technical error with electronic trading system. Pair quickly fell back, last at 80.59.
  • #20,994
  • Oct 31, 2010 8:45pm Oct 31, 2010 8:45pm
Trick or Treat?...
  • #20,995
  • Oct 31, 2010 9:35pm Oct 31, 2010 9:35pm
woah i just woke up and found usd/jpy at its wackiness again... what's this man... another one of its spike up and break back move below again?
  • #20,996
  • Oct 31, 2010 9:39pm Oct 31, 2010 9:39pm
Quoting faelnirv
at least for now, we know something for sure, that Noda does not watch the market closely....cause if he did, he could have used the momentum to push UJ further more.... hahahahahahahaha...
sell at 80.67 with tight stop loss.. going on to 80.00...
i still believe 79 is imminent, and we will see reversal...
Just Checked Commitment of traders, JPY contracts are decreasing since the previous months from 50K to 41K, I am getting bearish uj

Commercials are buying jpy contracts to hedge the negative equity against their products.

I believe UJ is going to rally.
Know when to hold em, Know when to fold em!
  • #20,997
  • Oct 31, 2010 9:52pm Oct 31, 2010 9:52pm
Quoting JollyBean
woah i just woke up and found usd/jpy at its wackiness again... what's this man... another one of its spike up and break back move below again?
yap!
this pig cannot be slaughtered for ever... or can it?
  • #20,998
  • Oct 31, 2010 9:54pm Oct 31, 2010 9:54pm
Quoting Forexgogo
I agree that this is not JP intervention. One of big boys did it for some reason...
Stop Hunt.

It could be one of their ways to place a SHORT at a higher price and taking out weak-account shorts as well.
  • #20,999
  • Oct 31, 2010 9:56pm Oct 31, 2010 9:56pm
This is not a stophunt, Who would have the power to stop hunt accross the entire fx market?
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Know when to hold em, Know when to fold em!
  • #21,000
  • Oct 31, 2010 10:08pm Oct 31, 2010 10:08pm
Who can do a 120 pip stop hunt?

Goldman, Morgan, Barclays, UBS, Scotia, Mizuho, etc. etc.....
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