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USD/JPY Discussion

  • #26,261
  • Aug 24, 2011 12:08am Aug 24, 2011 12:08am
So earlier in the week, Noda says that forex intervention must be a surprise.... he then goes on record today to list other measures and ignore the topic of forex intervention altogether.

Sounds like he announced his bluff, and now is implementing it. Intervention should be any day now.
  • #26,262
  • Aug 24, 2011 12:27am Aug 24, 2011 12:27am
Quoting AntonA
So earlier in the week, Noda says that forex intervention must be a surprise.... he then goes on record today to list other measures and ignore the topic of forex intervention altogether.

Sounds like he announced his bluff, and now is implementing it. Intervention should be any day now.
Should we start a Japanese intervention poll, winner receives a free trip to Japan and lunch with Noda or maybe an intervention T-Shirt that says I rode the wave and now I'm a millionaire
Never been vouched
  • #26,263
  • Aug 24, 2011 12:29am Aug 24, 2011 12:29am
Or he's just using the USD he bought with the earlier intervention to supplement the difference of export revenue. That said, he might still need to buy more USD for this purpose as well.
  • #26,264
  • Aug 24, 2011 12:30am Aug 24, 2011 12:30am
Quoting iono
Should we start a Japanese intervention poll, winner receives a free trip to Japan and lunch with Noda or maybe an intervention T-Shirt that says I rode the wave and now I'm a millionaire
the winner could only watch and monitor lunch with Noda
  • #26,265
  • Aug 24, 2011 12:39am Aug 24, 2011 12:39am
Quoting werido
the winner could only watch and monitor lunch with Noda
Never been vouched
  • #26,266
  • Aug 24, 2011 3:22am Aug 24, 2011 3:22am
Quoting AntonA
So earlier in the week, Noda says that forex intervention must be a surprise.... he then goes on record today to list other measures and ignore the topic of forex intervention altogether.

Sounds like he announced his bluff, and now is implementing it. Intervention should be any day now.
Talk is cheap and market is very aware of it, hence the weak Usd/Jpy action. No intervention (if at all) will take place before the end of Jackson Hole symposium.

If the Us decides to implement QE3 Jpy will appreciate rapidly. What other options does the FED have but starting mopneypresses again ?

Japanese cheap talk combined with a possible QE3 doesn't bode well for those being long Usd/Jpy.
  • #26,267
  • Aug 24, 2011 3:27am Aug 24, 2011 3:27am
Intervention.

The fear, or hope, of it.

Is this the only thing that is giving support of this pair?

Assume for a minute that no intervention is going to take place. I would like to hear from others their opinions on this pair assuming we know for a fact no intervention is going to take place.
  • #26,268
  • Aug 24, 2011 3:43am Aug 24, 2011 3:43am
Quoting SIgurs
Talk is cheap and market is very aware of it, hence the weak Usd/Jpy action. No intervention (if at all) will take place before the end of Jackson Hole symposium.

If the Us decides to implement QE3 Jpy will appreciate rapidly. What other options does the FED have but starting mopneypresses again ?

Japanese cheap talk combined with a possible QE3 doesn't bode well for those being long Usd/Jpy.
agree, not much bullishness here.
On the other hand on the technical side the fierce support at 76.30 and the beautiful pin of August 19, intrigues me.

D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #26,269
  • Aug 24, 2011 3:51am Aug 24, 2011 3:51am
Quoting QweeQwa
Intervention.

The fear, or hope, of it.

Is this the only thing that is giving support of this pair?

Assume for a minute that no intervention is going to take place. I would like to hear from others their opinions on this pair assuming we know for a fact no intervention is going to take place.
Jpy will strenghten rapidly. US economy is far worse than Japanese. Couple that to a possible QE3 and you have a perfect recipe for a stronger Jpy. BOJ is getting no support whatsoever from G7 in helping them to lower Jpy.

At the moment 76.00 is supported by fear of the BOJ stepping in. The longer it takes for them to stop the cheap talk and to actually step in, the more likely this 76.00 support will break.

This is a credibility game and Noda is lossing ground with every cheap statement he makes without actually acting accordingly !
  • #26,270
  • Aug 24, 2011 4:06am Aug 24, 2011 4:06am
trendline broken .....small fibo completed. 76.450 , when EU stop rising this pair will rebound. looking at 76.45 with a spike as the possible buy back
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  • #26,271
  • Aug 24, 2011 4:17am Aug 24, 2011 4:17am
76.47 or so is on my list.

Will add a small position around there.
  • #26,272
  • Aug 24, 2011 4:18am Aug 24, 2011 4:18am
entered long at 76.50 . SL 76.40 , good luck .
  • #26,273
  • Aug 24, 2011 4:20am Aug 24, 2011 4:20am
Limit filled.
  • #26,274
  • Aug 24, 2011 4:23am Aug 24, 2011 4:23am
Quoting tankokjian
entered long at 76.50 . SL 76.40 , good luck .
To you as well.

My basis is at 76.6435 right now. Not in heavy so a drop down to 75.90'sh is not a problem. Below that.......
  • #26,275
  • Aug 24, 2011 4:30am Aug 24, 2011 4:30am
i like to enter early . weakness in EU and USDX showing signs of strengthening. hope i am right , took a short scalp on that. =))





Quoting QweeQwa
To you as well.

My basis is at 76.6435 right now. Not in heavy so a drop down to 75.90'sh is not a problem. Below that.......
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  • #26,276
  • Aug 24, 2011 4:38am Aug 24, 2011 4:38am
Wow,So Many Speculation at here,I can see that many people going long in this pairs and I can see that very well also many people extremely hope for the intervention coming
If there was easy money lying around,no one would be forcing it into your
  • #26,277
  • Aug 24, 2011 4:43am Aug 24, 2011 4:43am
Quoting tankokjian
i like to enter early . weakness in EU and USDX showing signs of strengthening. hope i am right , took a short scalp on that. =))
don't see this at all, on the contrary
Why would you take a short scalp while seeing signs of strength in USDX?
Don't be a hero. Don't have an ego. Always question yourself
  • #26,278
  • Aug 24, 2011 4:47am Aug 24, 2011 4:47am
i mean a long position (scalpe) my apologies.

Quoting USD-Bear
don't see this at all, on the contrary
Why would you take a short scalp while seeing signs of strength in USDX?
  • #26,279
  • Aug 24, 2011 4:51am Aug 24, 2011 4:51am
Quoting tankokjian
i mean a long position (scalpe) my apologies.
right, protect your position as USDX has yet to find it's support imo
Don't be a hero. Don't have an ego. Always question yourself
  • #26,280
  • Aug 24, 2011 4:55am Aug 24, 2011 4:55am
Quoting USD-Bear
right, protect your position as USDX has yet to find it's support imo
keeping a tight SL incase EU continues its journey again....
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