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USD/JPY Discussion

  • #25,661
  • Aug 8, 2011 11:23am Aug 8, 2011 11:23am
Quoting Unknownpips
Look for intervention at around 76.5/6.... Tomorrow will be interesting.
They told you or are there other reasons?
Don't be a hero. Don't have an ego. Always question yourself
  • #25,662
  • Aug 8, 2011 11:31am Aug 8, 2011 11:31am
Quoting USD-Bear
They told you or are there other reasons?
No, just going by what they have done in the past. BOJ original statements was an intervention at 76. However they intervened on Wednesday at 76.8. The fact they intervened on wednesdays and that the pair is slowly moving towards 76, makes me think another one in the making this week.
  • #25,663
  • Aug 8, 2011 11:54am Aug 8, 2011 11:54am
Quoting Unknownpips
No, just going by what they have done in the past. BOJ original statements was an intervention at 76. However they intervened on Wednesday at 76.8. The fact they intervened on wednesdays and that the pair is slowly moving towards 76, makes me think another one in the making this week.
My personal thought (with disclaimers) is that BOJ will not intervene again for sometime and will wait for the market to correct by itself. Single handed intervention is not effective and who else will support them now. USD, CHF, JPY all wants thier currency to be weak. Euro is in turmoil and GBP has QE rumours.
  • #25,664
  • Aug 8, 2011 12:12pm Aug 8, 2011 12:12pm
Quoting PipMaxzz
My personal thought (with disclaimers) is that BOJ will not intervene again for sometime and will wait for the market to correct by itself. Single handed intervention is not effective and who else will support them now. USD, CHF, JPY all wants thier currency to be weak. Euro is in turmoil and GBP has QE rumours.
That could be too. Last years intervention came at the end of september.
  • #25,665
  • Aug 8, 2011 12:56pm Aug 8, 2011 12:56pm
Quoting Unknownpips
No, just going by what they have done in the past. BOJ original statements was an intervention at 76. However they intervened on Wednesday at 76.8. The fact they intervened on wednesdays and that the pair is slowly moving towards 76, makes me think another one in the making this week.
ah, could be, I mostly miss them bastards
Mostly I like to expect the unexpected, like not on Wednesday and not at 76.** but at 77.** within market-move
But then all are wild guesses.....
Don't be a hero. Don't have an ego. Always question yourself
  • #25,666
  • Aug 8, 2011 2:59pm Aug 8, 2011 2:59pm
Quoting USD-Bear
ah, could be, I mostly miss them bastards
Mostly I like to expect the unexpected, like not on Wednesday and not at 76.** but at 77.** within market-move
But then all are wild guesses.....
I missed both interventions this year. Once due to badminton, once due to sleep . You win some you lose some but hey theres always other trading to be done - intervention is like winning the lottery.
  • #25,667
  • Aug 8, 2011 5:29pm Aug 8, 2011 5:29pm
Come on boy, hit that 77.15 so I can open that bottle of Champagne, come on Yen, you can do it, 77.15, piece of cake
  • #25,668
  • Aug 8, 2011 5:57pm Aug 8, 2011 5:57pm
Quoting Mr Breakout
Come on boy, hit that 77.15 so I can open that bottle of Champagne, come on Yen, you can do it, 77.15, piece of cake
Still running shorts?
  • #25,669
  • Aug 8, 2011 6:02pm Aug 8, 2011 6:02pm
Quoting Unknownpips
Still running shorts?
But of course my friend

The NZD/JPY is also going down fast, 300 pip move since yesterday, not bad.
  • #25,670
  • Aug 8, 2011 6:31pm Aug 8, 2011 6:31pm
Japan Money Stock report is due in 20 minutes, not a big mover though but we never know.
  • #25,671
  • Aug 8, 2011 6:44pm Aug 8, 2011 6:44pm
I think BoJ waits until FOMC. But the intervention will be occur 100% but the time is not clear
  • #25,672
  • Aug 8, 2011 7:13pm Aug 8, 2011 7:13pm
Quoting umbrella man
I think BoJ waits until FOMC. But the intervention will be occur 100% but the time is not clear
It could be true.

Or it could be a BOJ bluff, just like in Poker.

Either way I only trade what I see on the chart, right here right now.
  • #25,673
  • Aug 8, 2011 8:51pm Aug 8, 2011 8:51pm
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  • #25,674
  • Aug 8, 2011 9:00pm Aug 8, 2011 9:00pm
Quoting havaiana
...
  • #25,675
  • Aug 8, 2011 9:23pm Aug 8, 2011 9:23pm
And...touchdown! 77.15, time to ring the cash register again, ahhhhh the sound of sweet money, thanks again Mr YEN, time to dance the macarena now

Inserted Video
  • #25,676
  • Aug 8, 2011 9:50pm Aug 8, 2011 9:50pm
Intervention happening.
  • #25,677
  • Aug 8, 2011 9:52pm Aug 8, 2011 9:52pm
Maybe not, lol
  • #25,678
  • Aug 8, 2011 10:02pm Aug 8, 2011 10:02pm
Quoting 2+2=4ex
Intervention happening.
Excuse me?
  • #25,679
  • Aug 8, 2011 10:03pm Aug 8, 2011 10:03pm
Quoting 2+2=4ex
Maybe not, lol
I think they'll be smart enough to support the market rather than push it up until panic subsides. Because if they attempt to push it up and lose it will be a bloodbath

edit: strong verbal intervention is starting now though
  • #25,680
  • Aug 8, 2011 10:06pm Aug 8, 2011 10:06pm
Quoting havaiana
I think they'll be smart enough to support the market rather than push it up until panic subsides. Because if they attempt to push it up and lose it will be a bloodbath

edit: strong verbal intervention is starting now though
That's what I would do. Then again I don't know much lol
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