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USD/JPY Discussion

  • #25,781
  • Aug 10, 2011 5:16pm Aug 10, 2011 5:16pm
Quoting Unknownpips
I smell a rat... usually they don't analyse JPY pairs like this...
Where do you see this and why are you suspicious of it?
  • #25,782
  • Aug 10, 2011 5:19pm Aug 10, 2011 5:19pm
Quoting MaryJane
yep, that's their job i don't watch COT figures but i guess USDJPY is 'overbought' by retailers for quite a long time now.
Retail traders have been long for months now (and of course losing).
Here are FXCM's latest numbers from this afternoon for their retail accounts trading USD/JPY.

USDJPY - The ratio of long to short positions in the USDJPY stands at 7.12 as nearly 88% of traders are long. Yesterday, the ratio was at 5.97 as 86% of open positions were long. In detail, long positions are 19.8% higher than yesterday and 28.3% weaker since last week. Short positions are 0.4% higher than yesterday and 13.6% weaker since last week. Open interest is 17.0% stronger than yesterday and 10.4% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
  • #25,783
  • Aug 10, 2011 5:19pm Aug 10, 2011 5:19pm
Quoting Joey Zazza
Where do you see this and why are you suspicious of it?
Forex.com, it is suspicious because they seldom cover JPY pairs like this with their analysis. In fact, its more suspicious considering all the latest entries are JPY pairs. I don't know but it just looks far too curious for my liking.
  • #25,784
  • Aug 10, 2011 5:38pm Aug 10, 2011 5:38pm
Good Morning Asia Open!

The Downtrend Remain very strong indeed (Noted : Again Without any Intervention Possible we would see this pairs breaking the lowest support)

Attached
Attached Image (click to enlarge)
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  • #25,785
  • Aug 10, 2011 6:16pm Aug 10, 2011 6:16pm
Speculation speculation, but does anyone think that perhaps the next intervention can have more cooperation from other G7 countries? It seems that the Swiss and Japanese are on the same side here, while maybe the USA and Euro-zone can be defensive against intervention, finance ministers did have a teleconference just a few days prior (Sunday I believe).
  • #25,786
  • Aug 10, 2011 7:29pm Aug 10, 2011 7:29pm
Intervention kicking in? Or just the norm before asian open.... Noda is concerned.
  • #25,787
  • Aug 10, 2011 8:06pm Aug 10, 2011 8:06pm
Quoting Unknownpips
Intervention kicking in? Or just the norm before asian open.... Noda is concerned.
Nah, just a retest of the 71.15 resistance level, in fact I am short again at 77.00, target is 76.5
  • #25,788
  • Aug 10, 2011 8:09pm Aug 10, 2011 8:09pm
Noda is such a bystander. 71% on Oanda longs on USDJPY... Intervention at 0230 hrs? hmm
  • #25,789
  • Aug 10, 2011 8:11pm Aug 10, 2011 8:11pm
Quoting Unknownpips
Noda is such a bystander. 71% on Oanda longs on USDJPY... Intervention at 0230 hrs? hmm
Imagine how bad the drop will be exacerbated if Noda doesn't support, there would be a huge "long squeeze" downward
  • #25,790
  • Aug 10, 2011 8:13pm Aug 10, 2011 8:13pm
Quoting Unknownpips
71% on Oanda longs on USDJPY.
71% long? That means time to go short...
  • #25,791
  • Aug 10, 2011 8:17pm Aug 10, 2011 8:17pm
Quoting Mr Breakout
71% long? That means time to go short...
it's a state for months now as fosking stated several times.....
Don't be a hero. Don't have an ego. Always question yourself
  • #25,792
  • Aug 10, 2011 8:20pm Aug 10, 2011 8:20pm
Come on Yen, keep going down, don't be shy.
  • #25,793
  • Aug 10, 2011 8:22pm Aug 10, 2011 8:22pm
Quoting Mr Breakout
Come on Yen, keep going down, don't be shy.
I agree, come on Yen, go down and weaken against the dollar, back to 360 as it was 50 years ago.
  • #25,794
  • Aug 10, 2011 8:23pm Aug 10, 2011 8:23pm
Quoting Mr Breakout
71% long? That means time to go short...
I am gonna short this bitch. Force the BOJ to intervene at least.
Attached Image (click to enlarge)
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  • #25,795
  • Aug 10, 2011 8:25pm Aug 10, 2011 8:25pm
Quoting Joey Zazza
I agree, come on Yen, go down and weaken against the dollar, back to 360 as it was 50 years ago.
Hehehe, why not?
  • #25,796
  • Aug 10, 2011 8:28pm Aug 10, 2011 8:28pm
Actually this is fun... shorting against all those longs!
  • #25,797
  • Aug 10, 2011 8:29pm Aug 10, 2011 8:29pm
Quoting Unknownpips
Actually this is fun... shorting against all those longs!
What if BoJ also created an account on Oanda and has long positions? ;D
  • #25,798
  • Aug 10, 2011 8:31pm Aug 10, 2011 8:31pm
Quoting Joey Zazza
What if BoJ also created an account on Oanda and has long positions? ;D
They are toothless as an OAP. In fact I realise now if everyone shorted the pair it would force BOJ to intervene more frequently and powerfully. EVERYONE join the shorting revolution!
  • #25,799
  • Aug 10, 2011 8:32pm Aug 10, 2011 8:32pm
Quoting Unknownpips
They are toothless as an OAP. In fact I realise now if everyone shorted the pair it would force BOJ to intervene more frequently and powerfully. EVERYONE join the shorting revolution!
Wow looks like people are already listening and listening fast based on that last bar
  • #25,800
  • Aug 10, 2011 8:33pm Aug 10, 2011 8:33pm
Quoting Unknownpips
Actually this is fun... shorting against all those longs!
Not when you are at the wrong end of a 300+pip intervention.
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