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USD/JPY Discussion

  • #22,901
  • Mar 15, 2011 12:11am Mar 15, 2011 12:11am
copper , great!!!


Quoting Orbital
Dude... i can't remember the last time i have slept but ill get 4 hours worth of sleep now since im ridiculously high on profit right now.

Despite my sleep deprivation my memory seems to be intact... so does my ability to add the dots apparently.

The bank of Japan will intervene in the markets and STEM the yens growth, check your newswire or simply google it. They Need to stem it otherwise their exports are going to be fucked up, their economy is going to contract even more causing a shitstorm.

The only thing they will need to be importing...
  • #22,902
  • Mar 15, 2011 12:16am Mar 15, 2011 12:16am
Quoting Orbital
Dude... i can't remember the last time i have slept but ill get 4 hours worth of sleep now since im ridiculously high on profit right now.

Despite my sleep deprivation my memory seems to be intact... so does my ability to add the dots apparently.

The bank of Japan will intervene in the markets and STEM the yens growth, check your newswire or simply google it. They Need to stem it otherwise their exports are going to be fucked up, their economy is going to contract even more causing a shitstorm.

The only thing they will need to be importing en...
Thanks for your information. I know that there must be some body out there think like me.

Nevertheless, I gonna long it if it drops to 80.xx (small lots) or it gets back to the long train.
  • #22,903
  • Mar 15, 2011 12:18am Mar 15, 2011 12:18am
Quoting Orbital
Despite my sleep deprivation my memory seems to be intact... so does my ability to add the dots apparently.

The bank of Japan will intervene in the markets and STEM the yens growth, check your newswire or simply google it. They Need to stem it otherwise their exports are going to be fucked up, their economy is going to contract even more causing a shitstorm.

The only thing they will need to be importing en masse is Oil, and according to my research theyll need at least 150-200k bpd (barrels per day).

Please do your research before arguing with...
I'm not arguing. Why are you arguing? All I was doing was pointing out what's going on, not what I think will happen which is what you are doing.
  • #22,904
  • Mar 15, 2011 12:25am Mar 15, 2011 12:25am
Quoting 2+2=4ex
I'm not arguing. Why are you arguing? All I was doing was pointing out what's going on, not what I think will happen which is what you are doing.
Mate.... seriously... they are going to weaken the YEN.

What is going on right now:
Repatriation of assets
Liquidation of USD based assets to regain Yen reserves to finance rebuilding etc emergency funds etc

What will happen and what the BOJ has announced:
They have announced an intervention in the Forexmarket, they are prepared to intervene if the yen gains to much in strength.

BOJ intervenes = USD/JPY goes UP = Dollar strengthens because a strong yen is pretty bad.

If you are not understanding this concept you should stick to technical analysis.
  • #22,905
  • Mar 15, 2011 12:34am Mar 15, 2011 12:34am
Quoting Orbital
Mate.... seriously... they are going to weaken the YEN.

What is going on right now:
Repatriation of assets
Liquidation of USD based assets to regain Yen reserves to finance rebuilding etc emergency funds etc

What will happen and what the BOJ has announced:
They have announced an intervention in the Forexmarket, they are prepared to intervene if the yen gains to much in strength.

BOJ intervenes = USD/JPY goes UP = Dollar strengthens because a strong yen is pretty bad.

If you are not understanding this concept you should stick to technical...
Oh so it's that easy huh? You have it all figured out.

Mate... seriously... don't trade without a stop loss.
  • #22,906
  • Mar 15, 2011 12:55am Mar 15, 2011 12:55am
Looking for a break back above 12.28/12.32 respectively for a further move south on USD/JPY.

Yen Futures M5 (week so far)
Attached Image (click to enlarge)
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  • #22,907
  • Mar 15, 2011 1:02am Mar 15, 2011 1:02am
Quoting fosking
Looking for a break back above 12.28/12.32 respectively for a further move south on USD/JPY.

Yen Futures M5 (week so far)
Attachment
How far will it go south? Test 80.50 again?
  • #22,908
  • Mar 15, 2011 1:08am Mar 15, 2011 1:08am
Quoting fosking
Looking for a break back above 12.28/12.32 respectively for a further move south on USD/JPY.

Yen Futures M5 (week so far)
Attachment
Also keeping an eye on USDX.
Possibility of resistance, again weakening USD, pushing USD/JPY further south.

USDX M15
Attached Image (click to enlarge)
Click to Enlarge Name: usdx1.png Size: 82 KB
  • #22,909
  • Mar 15, 2011 1:15am Mar 15, 2011 1:15am
Quoting tkhlam
How far will it go south? Test 80.50 again?
Certainly a possibility with stops below 81.00.

USD/JPY H4
Attached Image (click to enlarge)
Click to Enlarge Name: jpy4.png Size: 152 KB
  • #22,910
  • Mar 15, 2011 1:17am Mar 15, 2011 1:17am
Quoting 2+2=4ex
Oh so it's that easy huh? You have it all figured out.

Mate... seriously... don't trade without a stop loss.
dude in this particular scenario a stop loss just kills you , the market is too volatile for stop losses imho, it all depends on your equity if you have enough and you dont overleverage your on the safe side just always keep in mind it could go down to 75, even if it goes down, to this level (80-81) it will come back again (but i wouldnt bet on this with a 1k account and 1:10 leveraging, only 1:1 or 1:2 leveraging).
consistency wins
  • #22,911
  • Mar 15, 2011 1:22am Mar 15, 2011 1:22am
guys, how don't you get it. it is over for Japan. economy is gone! tell american person that your brand new Sony TV set and Toyota comes from Japan, fueled by atomic particles!! radiation in Tokyo? who would think to work there now? what about fixing the energy problems? radiation stays for thousand years, if its there, will stay there for good. I see massive emigration, do you know any other island? horrible disaster.. though many opportunities for us.
  • #22,912
  • Mar 15, 2011 1:43am Mar 15, 2011 1:43am
Quoting kawabanga
guys, how don't you get it. it is over for Japan. economy is gone! tell american person that your brand new Sony TV set and Toyota comes from Japan, fueled by atomic particles!! radiation in Tokyo? who would think to work there now? what about fixing the energy problems? radiation stays for thousand years, if its there, will stay there for good. I see massive emigration, do you know any other island? horrible disaster.. though many opportunities for us.
lol...the US dropped two atomic bombs on two cities and they are doing well today...do you think a little leak in a nuclear plant is going to have any significant effect in the long term? Buy up the yen while it's at a discount
  • #22,913
  • Mar 15, 2011 1:57am Mar 15, 2011 1:57am
Hey Orbital, eventhough your premises might be right, I don't understand why you are arguing with 4ex. He told it all in one sentence:

"All I was doing was pointing out what's going on, not what I think will happen which is what you are doing."

And that's exactly the case. Sure, A time will come, when you will be right too. For the time being, I am with 4ex.
  • #22,914
  • Mar 15, 2011 3:12am Mar 15, 2011 3:12am
Quoting 2+2=4ex
Markup. Most brokers charge an adjustment in their favor. It's their "cost" of transacting swaps for you. Kind of like a service charge. You can also call it the "bend me over" charge.
yep, essentially, this is what FXCM told me.
  • #22,915
  • Mar 15, 2011 3:57am Mar 15, 2011 3:57am
Rumors from London desks: Bank of Japan calling dealing desks to "check prices"...
________________________________ Errare humanum est
  • #22,916
  • Mar 15, 2011 3:59am Mar 15, 2011 3:59am
Quoting 2+2=4ex
Markup. Most brokers charge an adjustment in their favor. It's their "cost" of transacting swaps for you. Kind of like a service charge. You can also call it the "bend me over" charge.
Nothing to do with service charge.
Intrest-rate differentials define rollover charges
Don't be a hero. Don't have an ego. Always question yourself
  • #22,917
  • Mar 15, 2011 4:32am Mar 15, 2011 4:32am
Quoting USD-Bear
Nothing to do with service charge.
Intrest-rate differentials define rollover charges
It is not quite so. Not differentials, but broker's decision define rollover charges. I mean to say that it's entirely up to a broker to decide which charges he will ask or pay, if any at all. No obligatory formula for calculating the value and thus a big variety in real swaps being used.
  • #22,918
  • Mar 15, 2011 4:38am Mar 15, 2011 4:38am
Interesting to see ppl are continuing buy yen. I can only see the the risk of 'de-value' and 'intervention' are extremely high. good luck
  • #22,919
  • Mar 15, 2011 4:57am Mar 15, 2011 4:57am
Radiation too high for normal work at control room for No. 4 reactor of Fukushima Daiichi Plant - Source: Kyodo

French Nuclear Agency says Fukushima Nuclear accident is Level 6 on the INES Scale - Source: Reuters
  • #22,920
  • Mar 15, 2011 5:04am Mar 15, 2011 5:04am
Quoting JanPoko
It is not quite so. Not differentials, but broker's decision define rollover charges. I mean to say that it's entirely up to a broker to decide which charges he will ask or pay, if any at all. No obligatory formula for calculating the value and thus a big variety in real swaps being used.
If you buy AUD/USD to take a more clear pair, you receive interest on your AUD long position and you pay interest on your USD short position.
As interest on AUD is a lot higher then interest on USD you receive a positive rollover every night which in principle is exact the interest rate differential. Maybe you are right and there are some differentials between brokers, but I can't imagine they are large because then they would be out of bussiness very soon.....
Don't be a hero. Don't have an ego. Always question yourself
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