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USD/JPY Discussion

  • #22,581
  • Mar 11, 2011 4:19am Mar 11, 2011 4:19am
Sunami in Japan is driving the yen lower. Sometimes the fundamentals matter.
  • #22,582
  • Mar 11, 2011 4:37am Mar 11, 2011 4:37am
Quoting rdesisto
Sunami in Japan is driving the yen lower. Sometimes the fundamentals matter.
The Yen is higher, not lower
Doing what you like is Freedom. Liking what you do is Happiness.
  • #22,583
  • Mar 11, 2011 4:40am Mar 11, 2011 4:40am
Quoting realjumper
The Yen is higher, not lower
Yeah, the USDJPY going down means the usd is failing against a strong yen.

wtf is up with this gigantic drop? Really, why would you buy yen with this kind of news? I expect that upon US open people are going to see it and go long pretty quickly though.
  • #22,584
  • Mar 11, 2011 4:43am Mar 11, 2011 4:43am
Quoting rdesisto
Sunami in Japan is driving the yen lower. Sometimes the fundamentals matter.
I thought fundamentally the yen would be weaker...hmmm... Or does it mean that more yen is needed locally to help rebuilt or maybe risk aversion...but sp futures been holding steady for a few hours now..

Who said fx is easy..lol
  • #22,585
  • Mar 11, 2011 4:52am Mar 11, 2011 4:52am
Quoting c_naz
I thought fundamentally the yen would be weaker...hmmm... Or does it mean that more yen is needed locally to help rebuilt or maybe risk aversion...but sp futures been holding steady for a few hours now..

Who said fx is easy..lol
I really dun't understand why people buy yen???????? Wtf is going on? Someone please explains to me . Japan is an importer. If they need to build any thing, they need to import 'em, that means they need to have a lot of usd to do that. Moreover, they need to issue bonds and stuff like that and they will increase their debt. They were downgraded because they borrows too much.

I really don't see any points to buy yen right now, or at least I dun't think that the demand is so high like I'm already seeing it right now. People are gonna mad or just me?
  • #22,586
  • Mar 11, 2011 4:56am Mar 11, 2011 4:56am
Quoting c_naz
I thought fundamentally the yen would be weaker...hmmm... Or does it mean that more yen is needed locally to help rebuilt or maybe risk aversion...but sp futures been holding steady for a few hours now..

Who said fx is easy..lol
Yes. Investment in infrastructure no matter how it comes is a good thing for the underlying currency. That said my heart goes out to all those affected by this disaster.
  • #22,587
  • Mar 11, 2011 4:57am Mar 11, 2011 4:57am
The Big Trader try took profit by sell the The pairs as deep as they can first before It climb higher due this massive tsunami,Therefore People keep buy and buy
  • #22,588
  • Mar 11, 2011 5:02am Mar 11, 2011 5:02am
Quoting J.Giordano
The Big Trader try took profit by sell the The pairs as deep as they can first before It climb higher due this massive tsunami,Therefore People keep buy and buy
Taking profit activities drive this pair down to 100 pips in few minutes. I really doubt about that. And remember that this pair occasionally have a 100 pips move. It's not G/U, buddy.
  • #22,589
  • Mar 11, 2011 5:07am Mar 11, 2011 5:07am
Quoting visser300
sed:. Japan is an importer. If they need to build any thing, they need to import 'em, that means they need to have a lot of usd to do that. Moreover, they need to issue bonds and stuff like that and they will increase their debt. They were downgraded because they borrows too much
Good point, then maybe it was because traders were heavily bullish with U/J to begin with, then stop loss just exacerbated the decline...
  • #22,590
  • Mar 11, 2011 5:07am Mar 11, 2011 5:07am
Quoting visser300
Taking profit activities drive this pair down to 100 pips in few minutes. I really doubt about that. And remember that this pair occasionally have a 100 pips move. It's not G/U, buddy.
I am sure you havent see the pairs down to 600 pips in a few minutes also right?btw,Just Wait and See

Good Luck W/ Your trade mate
  • #22,591
  • Mar 11, 2011 5:16am Mar 11, 2011 5:16am
This is utterly insane. Screw it, I'll take the loss, unless anyone has a clue where it might turn around.
  • #22,592
  • Mar 11, 2011 5:33am Mar 11, 2011 5:33am
Quoting Brennan
This is utterly insane. Screw it, I'll take the loss, unless anyone has a clue where it might turn around.
I'm still holding my position. Long from 82.90. Actually, I'm holding my hope. There is no way back, guys. I'm not trading any more. I'm gambling. Take it or lose it all. God bless me!
  • #22,593
  • Mar 11, 2011 5:42am Mar 11, 2011 5:42am
In case you hadn't noticed there has been a big shake out in equities this week, and it's Friday, so it's likeley to continue for today at least.

Why? Primarily oil and Middle East worries, although there have been signs that the recovery is stalling.

When people come out of equities, their holdings become cash. Roughly in order: Yen, USD and Swiss Franc. When investment banks place their currency trades it amplifies the effect.
Gone to a better place
  • #22,594
  • Mar 11, 2011 5:49am Mar 11, 2011 5:49am
man this earthquake thing really messed me up.. i thought the USDJPY gonna fly, but its sinks like a titanic...
  • #22,595
  • Mar 11, 2011 5:51am Mar 11, 2011 5:51am
Some of you may be overestimating the seriousness of this disaster. Without meaning to sound cavalier about the inevitable trauma and loss of life some will be suffering, a bunch of farms have been flooded and houses washed away in some rural coastal areas in northern Japan. Although the news services are quick to point out that the shocks were felt in Tokyo, the only major disaster there is everyone has to walk home from work tonight as the the trains can't run until all the tracks are checked. Japan experiences large tremblors regularly. They are well prepared for events like this. The only difference between this quake and others in recent years is that the video images gracing the television look more dramatic than usual.
  • #22,596
  • Mar 11, 2011 5:57am Mar 11, 2011 5:57am
I just posted this to the eu thread instead of here by accident so here it is again here.
Apparently Japan is about to meltdown... literally. They are having problems cooling down a reactor according to msnbc.

This is a very sad day.
  • #22,597
  • Mar 11, 2011 7:29am Mar 11, 2011 7:29am
Um... Yes. http://www.msnbc.msn.com/id/42025882...s-asiapacific/


Might be old news/updated as it took a while for the last post to show up (i am a new member so posts are moderated)

In any case the news is pretty grim but no sirens yet in Hawaii so far which is good news.

Edit: The post I was quoting was deleted but the link is above. Not sure why anyone would doubt it when you can simply go to msnbc and see it for yourself LOL
  • #22,598
  • Mar 11, 2011 7:42am Mar 11, 2011 7:42am
Quoting JimmySpot
I just posted this to the eu thread instead of here by accident so here it is again here.
Apparently Japan is about to meltdown... literally. They are having problems cooling down a reactor according to msnbc.

This is a very sad day.

Ya. Nucleur emergency has been declared according to CNN. I was allready Long on USD/JPY, taking a bit of a beating right noe, and will continue to hold with a little bit added extra.

....what is a trader supposed to do? This is historic. This is tragic. 2012?

I can not imagine what volumes of people are going thru right now. But still life goes on. What is a trader supposed to do especially if they are already in a position of that effected nations currency?
  • #22,599
  • Mar 11, 2011 8:10am Mar 11, 2011 8:10am
Quoting visser300
I really dun't understand why people buy yen???????? Wtf is going on? Someone please explains to me . Japan is an importer. If they need to build any thing, they need to import 'em, that means they need to have a lot of usd to do that. Moreover, they need to issue bonds and stuff like that and they will increase their debt. They were downgraded because they borrows too much.

I really don't see any points to buy yen right now, or at least I dun't think that the demand is so high like I'm already seeing it right now. People are gonna mad...
I am mad too because i am holding aud/jpy long position.
Market is like a monkey. Its behavior is not always explainable.

Scotia bank has an explaination for yen going higher.

"Yen initially weakened
after the earth quake, but is heading
into the North American session having
gained 1% against most of the majors.
The combination of risk aversion and
speculation that Japanese firms will repatriate
funds back to Japan has been
positive for JPY, however the medium
term impact is likely far more negative
than the market is currently pricing. We
look for USDJPY to close this quarter at
82 and to drift slowly higher into yearend."
  • #22,600
  • Mar 11, 2011 8:26am Mar 11, 2011 8:26am
Initially thought the big money was hunting the small monet, would think it would of bounced backed up by then. Sunami headed towards western US coast. Could be bad. Wait to see what happens. Us R etail sales were not bad to expectations.

For this to fall below 82 would be a real mind blower and will not be sustained for any length of time.

This has to effect JPY Gdp and everything else.

Nucleur warning is out. God forbid that will ever happen. Even a small leak or a rumor of a leak .....

Longs need to be patient.
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