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USD/JPY Discussion

  • #29,561
  • Jan 11, 2012 3:06pm Jan 11, 2012 3:06pm
Sony has to find a way to make profit. why don't they build the first color e-ink laptop?
  • #29,562
  • Jan 11, 2012 3:22pm Jan 11, 2012 3:22pm
Quoting werido
T They either get speculators to short and then intervene, or they release news that they are considering intervening which will get the speculators/investors to do the work for them
Beyond just guesses, how would we even know to WHAT factor level, speculators are considered in their decision making process? My guess is due to price action, meaning the market is made at the current price because of buyer/seller pressure, they would tend to disregard the positioning and focus on actions by large banks and commercial businesses as a result, a more global macro picture. That's just my estimate, for all I know they are watching the F'n ichimoku cloud for indicators lol..

Commercial YEN longs are big right now, speculators net short...Speculators.....people like us, I really doubt they care if you make enough to buy a house, or lose your mortgage on their decisions.
  • #29,563
  • Jan 11, 2012 3:31pm Jan 11, 2012 3:31pm
Quoting lolygagv2
Beyond just guesses, how would we even know to WHAT factor level, speculators are considered in their decision making process? My guess is due to price action, meaning the market is made at the current price because of buyer/seller pressure, they would tend to disregard the positioning and focus on actions by large banks and commercial businesses as a result, a more global macro picture. That's just my estimate, for all I know they are watching the F'n ichimoku cloud for indicators lol..

Commercial YEN longs are big right now, speculators net...
speculators make about 8% of the market, then the wholesalers/hedge funds probably make another 35%, then bank traders make another big %, and only then business and legit hedgers (dumb money) make just a fraction of the big picture. There is an increasing amount of smart money out there which makes it harder for speculators to compete. Options have more dumb money at this time. But spot forex has a lot of people just trying to make a buck and have no other underlying interest in the market which means you got to be faster and out smart.
  • #29,564
  • Jan 11, 2012 9:07pm Jan 11, 2012 9:07pm
JAPAN FINMIN AZUMI - WON'T COMMENT SPECIFICALLY WHAT WAS DISCUSSED ON CURRENCIES WITH GEITHNER

should be take precaution on yen!
Bismillah
  • #29,565
  • Jan 12, 2012 12:23am Jan 12, 2012 12:23am
Quoting krunfx
JAPAN FINMIN AZUMI - WON'T COMMENT SPECIFICALLY WHAT WAS DISCUSSED ON CURRENCIES WITH GEITHNER

should be take precaution on yen!
Ofcourse he didn't comment on what was discussed in the US -- probably was something like:

US won't comment on Japanese intervention policy in return for Japanese support on US Iran policy

Yawn .... wake up Azumi, you're destroying your economy.
  • #29,566
  • Jan 12, 2012 2:08am Jan 12, 2012 2:08am
Japan Azumi: Dlr At Y75 Doesn't Reflect Economic Fundamentals

looks like he will defend this level !
Bismillah
  • #29,567
  • Jan 12, 2012 2:13am Jan 12, 2012 2:13am
Japan fm azumi -last oct's intervention was carried out as yen rates deemed not reflecting economic fundamentals
Bismillah
  • #29,568
  • Jan 12, 2012 2:14am Jan 12, 2012 2:14am
JAPAN FM AZUMI - WILL TAKE VARIOUS STEPS TO RESPOND TO SPECULATIVE FX MOVES, EXCESS VOLATILITY


wow again!
Bismillah
  • #29,569
  • Jan 12, 2012 2:15am Jan 12, 2012 2:15am
JAPAN FM AZUMI - WANTS TO SEEK UNDERSTANDING FROM OTHER COUNTRIES ABOUT EFFORTS TO PREVENT FX FROM DAMAGING JAPANESE FIRMS

looks like he want joint intervention
Bismillah
  • #29,570
  • Jan 12, 2012 5:42am Jan 12, 2012 5:42am
Quoting krunfx
JAPAN FM AZUMI - WANTS TO SEEK UNDERSTANDING FROM OTHER COUNTRIES ABOUT EFFORTS TO PREVENT FX FROM DAMAGING JAPANESE FIRMS

looks like he want joint intervention
He will get understanding but NO support whatsoever as it would not benefit those countries at all. Read article below, in which it is clear that companies are moving abroad at an increasing pace to try and soften the impact from an ever appreciating Yen. In this case, the US, benefits from the strong Yen in a dual way:

- cheaper for US companies to export to Japan
- US sees Japanese companies moving jobs from Japan to the US

So, in that respect I dont understand why Azumi keeps on trying to gather support as those countries have no benefit from it al all. The longer he wastes time to actually tackle this problem the more difficult it will get, the more damage is being done. Why does he seek approval at all, why does he want others to hold his hand in the process ?

Stop talking and get some work done (so I can short it again) ! LOL

====Toyota Motor Corp., Asia’s biggest automaker, will use its North American plants as a bigger source of vehicle exports as a way to blunt the impact of the rising yen, said Yoshimi Inaba, chief operating officer for the region. The company is now shipping cars and trucks built at North American plants to 19 countries, including South Korea and Saudi Arabia, and aims to significantly boost the volume, totaling 16,700 units a year ago, Inaba told reporters at the North American International Auto Show in Detroit yesterday.
“This is only a beginning,” Inaba said. “The only way to take advantage of this extremely high yen is to export from this dollar basis.”
Toyota, along with Japan-based Honda Motor Co. and Nissan Motor Co., has already shifted more vehicle production outside Japan to counter the yen’s 8.3 percent rise against the dollar in the past year. Exports from the Toyota City, Japan-based company’s plants in the U.S., Canada and Mexico will mainly be of niche models not built in Japan.
Toyota already exports Camry and Avalon sedans, Tundra and Tacoma pickups, Sienna minivans and Sequoia sport-utility vehicles to markets including Venezuela, South Korea and countries in the Middle East, Inaba said.
Given the scale of Toyota’s global distribution network, the company should eventually be able to export more vehicles from North American plants than even U.S.-based automakers, Inaba said.
As a further cost-saving move, Toyota is also studying getting more parts or even producing more vehicles in Mexico, Inaba said.
“Using Mexico as an important base for either parts or production is no doubt,” Inaba said, without elaborating. “We are always looking at Mexico. We have a small experience in Baja, but that is not the end of the story.”
The company has a small factory in Mexico’s Baja California, near Tijuana, that builds about 60,000 Tacoma pickups annually.
Toyota’s U.S. sales unit is based in Torrance, California.===
  • #29,571
  • Jan 12, 2012 5:59am Jan 12, 2012 5:59am
Quoting krunfx
JAPAN FM AZUMI - WILL TAKE VARIOUS STEPS TO RESPOND TO SPECULATIVE FX MOVES, EXCESS VOLATILITY


wow again!
All this talk, threats and interventions and yet nothing has changed, not even a dent in a soft cushion .... hmmm, time for a different approach ? LOL
  • #29,572
  • Jan 12, 2012 6:02am Jan 12, 2012 6:02am
heheh...

azumi in pressure because automakers pressure him to make the "work"....
Bismillah
  • #29,573
  • Jan 12, 2012 6:06am Jan 12, 2012 6:06am
Quoting SIgurs
He will get understanding but NO support whatsoever as it would not benefit those countries at all. Read article below, in which it is clear that companies are moving abroad at an increasing pace to try and soften the impact from an ever appreciating Yen. In this case, the US, benefits from the strong Yen in a dual way:

- cheaper for US companies to export to Japan
- US sees Japanese companies moving jobs from Japan to the US

So, in that respect I dont understand why Azumi keeps on trying to gather support as those countries have no benefit...
You keep bleating about the strong Yen being SOMEONE's responsibility and allude to it as being Japan's fault that they are in this situation. If you knew your history, you would understand that Japanese requests for multilateral interventions are, indeed, perfectly reasonable. The only thing that Japan IS guilty of is agreeing to help out other trading partners (particularly the US) when requested.

Read about the Plaza Accord and subsequent Louvre Accord. They may have been be a long time ago, but their damage lingers to this very day. Those agreements to assist others are where all this stems from.
  • #29,574
  • Jan 12, 2012 6:52am Jan 12, 2012 6:52am
Quoting Mpt
You keep bleating about the strong Yen being SOMEONE's responsibility and allude to it as being Japan's fault that they are in this situation. If you knew your history, you would understand that Japanese requests for multilateral interventions are, indeed, perfectly reasonable. The only thing that Japan IS guilty of is agreeing to help out other trading partners (particularly the US) when requested.

Read about the Plaza Accord and subsequent [url="http://en.wikipedia.org/wiki/Louvre_Accord"]Louvre...
Sorry to say, but I dont buy this "sorry I'am a victim" kind of approach. Its like people who are getting a divorce ... often one of them keeps on saying and complianing that it wasnt their fault ... again this is bs ... as always, all parties involved have a shared responsibility !

Moreover, these socalled agreements are nothing but words when it comes down to love and war !!! So, imo time to take up your own responsibilities instead of keep on trying to win sympathy, support and wanting to hold hands ;-)

Imo, b.m. tweet sums is up quite nicely:
Japan should ignore US "hypocrites," and intervene to weaken JPY, says SG's Albert Edwards.
  • #29,575
  • Jan 12, 2012 7:30am Jan 12, 2012 7:30am
Quoting SIgurs
Sorry to say, but I dont buy this "sorry I'am a victim" kind of approach. Its like people who are getting a divorce ... often one of them keeps on saying and complianing that it wasnt their fault ... again this is bs ... as always, all parties involved have a shared responsibility !

Moreover, these socalled agreements are nothing but words when it comes down to love and war !!! So, imo time to take up your own responsibilities instead of keep on trying to win sympathy, support and wanting to hold hands ;-)

Imo, b.m. tweet sums is up quite...
Who is it? SG's?
If there was easy money lying around,no one would be forcing it into your
  • #29,576
  • Jan 12, 2012 7:53am Jan 12, 2012 7:53am
Quoting FXMindset
Who is it? SG's?
Société Générale (bank)
  • #29,577
  • Jan 12, 2012 9:07am Jan 12, 2012 9:07am
Nice looking chart ... question is; will they wait for a drop below 76 to step in ? I dont know, but do feel tempted to short the run ;-)
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  • #29,578
  • Jan 12, 2012 11:41am Jan 12, 2012 11:41am
Quoting SIgurs
Nice looking chart ... question is; will they wait for a drop below 76 to step in ? I dont know, but do feel tempted to short the run ;-)
76 level is pretty hard.. first we have 76.30 what is really really strong support and i guess we wont fall thru that level because usdx is pretty strong.
I will get in if we fall to 76.40 with STOPLOSS 76.20
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #29,579
  • Jan 12, 2012 4:27pm Jan 12, 2012 4:27pm
today i want to watch tokyo open closly ..since yesterday azumi had warning the market before tokyo market close....

hope the intervention will happen today or atleast monday..haha
Bismillah
  • #29,580
  • Jan 12, 2012 4:52pm Jan 12, 2012 4:52pm
Quoting krunfx
today i want to watch tokyo open closly ..since yesterday azumi had warning the market before tokyo market close....

hope the intervention will happen today or atleast monday..haha

today not because we are not in that level.They gonna take it seriously if we are under 76.30 aka 75 or something like that..freakin liers i really dont belive em anymore
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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