How to make money with the intervention of the BOJ?

So I was looking at the intervention of the BOJ two days ago. It is not the first time I see this, but I cannot figure out how to make money when it happens. It is frustrating because you can make hundreds of pips within seconds...any suggested systems?

You should have known that BOJ intended to intervene. To profit from it, you could have set a buy limit order and expected the price to get there filling your order and then going in the desired direction. This is what I've done but it missed my order for 5 pips. And I was sleeping at that time. I thought 75.00 is the line in the sand.

You can also buy and hold hoping for the intervention but you run the risk of having the price going against you a few hundred pips because you can't time it exactly.

Why not wait for the intervention to stall, and then short it's eventual move back down?
I noticed that the Yen was making lower lows in the European/US Session before rising back up later in the day. The third day I placed an entry order on the retrace at 76.00 with a 120 pip stop. I figured Japan wouldn't let it fall below 75, and if I was wrong I would lose 120 pips...But if I was right, I would make several hundred. The risk reward was good...all I needed was patience. Luckily, I only had to wait four days and made 318 pips!
The one thing about intervention trades is that you have to keep an eye on the charts to get out before the inevitable drop.

If you miss the big move then you either jump in a for a few pips and/or look for the retrace. Study your Fib ratios for approx target levels on the retrace.

1) Long OTM calls, short ITM puts. The higher the estimated probability of intervention in the near future, the shorter the maturity.

2) Scale down. Build up positions in the period before the predicted event; if the market moves in the opposite direction, add to your initial position.


-Your limit orders on the spot market would probably not get filled during the event.

i personally dont believe in protection of history lowest lvl anymore.. imho there's no such thing in forex at least for UJ.. maybe once they will try to reverse the market .. but for many times that failed, they will not proceed further interventions.. last time i was thought BoJ wouldnt let the price hit WW2 lowest lvl in history.. but see what happen now.. it's getting even lower.. imho.. next setup for BoJ interventions will take place when price getting lower than 70.00 .. for time being.. they wouldnt do anything yet n let the market decide..

UJ "pegging" reduces volatility in EU rates, providing stability.

I though that there would be a continuation to that jumping but it seems that the Yen is not impressed by the intervention. The USD might still goes up against it, but the euro looks like it is about to lose everything it gained.