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USD/JPY Discussion

  • #28,441
  • Oct 25, 2011 7:34am Oct 25, 2011 7:34am
Quoting fatpanda
Dont mess with Panda,With his 5000 lot he can moves the market a bit
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H.png Size: 30 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,442
  • Oct 25, 2011 8:21am Oct 25, 2011 8:21am
Quoting SIgurs
Told you guys over and over ... short the bounce. Pays off each and every time. They ain't come any easier.
Cannot understand that people are willing to buy. Price nearing all time lows, doesn't mean that it's worth buying. Many bought the drop below 100/95/90/85/80 and what did we see .... dropping lower time after time.

- massive downtrend is still in tact
- no sign of reversal candlewise to be seen
- EU sorting out mess fully anytime soon is nothing but naive, Yen will remain safe haven
- officials make lots of noise but don't bite. Markets are taking Boj for a walk in the park

This week we have two important events coming up, Monetary Statement and BOJ press conference. Any guess what will be said ?

LOL, I do !
  • #28,443
  • Oct 25, 2011 8:36am Oct 25, 2011 8:36am
Monthly EURJPY Found Resistance and seems form falling wedge while EU seems likely to form Rising Wedge,I think market might be ready for sell the euro which may brings EJ drop and testing 100.72 once again and that will automatically once again push the UJ going down

am prefer buying dips,lets see how it develops
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ Monthly.png Size: 40 KB
Click to Enlarge Name: EU 4H.png Size: 39 KB
Click to Enlarge Name: UJ Daily.png Size: 30 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,444
  • Oct 25, 2011 8:50am Oct 25, 2011 8:50am
Free fall below 76

World markets might crash if it happens
  • #28,445
  • Oct 25, 2011 9:16am Oct 25, 2011 9:16am
Its high time.... BoJ/MoJ shud be intervening sooner than later.... A stronger yen is bad for world economy...... The post world war highs wud be worse than the Europe/US debt situations. Looking forward for a strong action from Japanese authorities....
  • #28,446
  • Oct 25, 2011 9:18am Oct 25, 2011 9:18am
Quoting ultra_knight
Free fall below 76

World markets might crash if it happens
It struggle and already close beyond, whole world is laughing at BOJ.
trade safe
  • #28,447
  • Oct 25, 2011 9:18am Oct 25, 2011 9:18am
My long at 75.96 was s/l at 75.97...
not bad, it is 75.88 now, lets see how low it could move before BOJ takes a serious intervention... maybe 71.10 ?
  • #28,448
  • Oct 25, 2011 9:19am Oct 25, 2011 9:19am
Let me see the legendary falling knife 600 Pips spikes down again
If there was easy money lying around,no one would be forcing it into your
  • #28,449
  • Oct 25, 2011 9:19am Oct 25, 2011 9:19am
Quoting aamit
Its high time.... BoJ/MoJ shud be intervening sooner than later.... A stronger yen is bad for world economy...... The post world war highs wud be worse than the Europe/US debt situations. Looking forward for a strong action from Japanese authorities....
BOJ is a joke.... they cannot even keep it above 76.35..

Also rumors that big pocket guys are transfering money from swiss to yen... :-)
  • #28,450
  • Oct 25, 2011 9:23am Oct 25, 2011 9:23am
Quoting aamit
Its high time.... BoJ/MoJ shud be intervening sooner than later.... A stronger yen is bad for world economy...... The post world war highs wud be worse than the Europe/US debt situations. Looking forward for a strong action from Japanese authorities....
It's 23.20 hrs in Tokyo, so these guys are either getting drunk in a bar or asleep.

Main question is: would it make any difference if they were not drunk or awake !!!????

I guess it wouldn't make any difference. LOL
  • #28,451
  • Oct 25, 2011 9:27am Oct 25, 2011 9:27am
Quoting SIgurs
It's 23.20 hrs in Tokyo, so these guys are either getting drunk in a bar or asleep.

Main question is: would it make any difference if they were not drunk or awake !!!????

I guess it wouldn't make any difference. LOL
Yeah, if they were drunk, they have potential to make a mistake to click buy USD/JPY therefore it could result the intervention (maybe that's what happend on Aug 4th).. If they were not drunk and awake, they will spend their money go to flirt hot girls or spend their time watching soccer so there is no possible for them to take the intervention on USD/JPY.
  • #28,452
  • Oct 25, 2011 9:28am Oct 25, 2011 9:28am
looks like going to dip sooner , seen it too many times already.
  • #28,453
  • Oct 25, 2011 9:30am Oct 25, 2011 9:30am
I have been pounding the table since August .... SHORT the BOUNCE !!!!

You don't hear me complaining ;-)
  • #28,454
  • Oct 25, 2011 9:31am Oct 25, 2011 9:31am
New low, world war II lows, might even break that also...

Basically free fall....
  • #28,455
  • Oct 25, 2011 9:33am Oct 25, 2011 9:33am
my chart has ~ 75.80 as the low
wait, you're right, 75.75
  • #28,456
  • Oct 25, 2011 9:38am Oct 25, 2011 9:38am
I think Boj is driving this lower
  • #28,457
  • Oct 25, 2011 9:42am Oct 25, 2011 9:42am
Quoting werido
my chart has ~ 75.80 as the low
wait, you're right, 75.75
The post low is a stem test towards BoJ, enough verbal stirring from them. Words are cheap, only surprise is a action from them soon.
trade safe
  • #28,458
  • Oct 25, 2011 9:48am Oct 25, 2011 9:48am
Covered 2/3 of my short position, rest to break even. Looking for a trade to the longside ... around 75.50 ?
  • #28,459
  • Oct 25, 2011 9:49am Oct 25, 2011 9:49am
BOJ is out of cash.... they issued 800B$ of fresh new debt.... for the previous intervention.....

They need to print to devalue.... but to print they need debt....

Japan's debt / GDP is already at 200% ...

So total stalemate.... short it with stop of 76.35 and milk it...
  • #28,460
  • Oct 25, 2011 9:56am Oct 25, 2011 9:56am
I think they have to bite the bullet and intervene twice as strongly as before, even peg it at 92
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