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USD/JPY Discussion

  • #29,701
  • Jan 23, 2012 6:39pm Jan 23, 2012 6:39pm
Quoting krunfx
Japan Govt:

To Keep Monitoring FX Market, Take Decisive Steps When Needed
Excessive Volatility In FX Market Bad For Econ
Won't Achieve Primary Balance By FY20 Even With 10% Sales Tax


is they gonna to step into market soon???
where did you get those statements from?
I don't trust any move - when you have profit...take it.
  • #29,702
  • Jan 23, 2012 6:49pm Jan 23, 2012 6:49pm
Quoting krunfx
Japan Govt:

To Keep Monitoring FX Market, Take Decisive Steps When Needed
Excessive Volatility In FX Market Bad For Econ
Won't Achieve Primary Balance By FY20 Even With 10% Sales Tax


is they gonna to step into market soon???

How many more times???
Doing what you like is Freedom. Liking what you do is Happiness.
  • #29,703
  • Jan 23, 2012 6:51pm Jan 23, 2012 6:51pm
Quoting Faller
where did you get those statements from?
my broker
Bismillah
  • #29,704
  • Jan 23, 2012 9:02pm Jan 23, 2012 9:02pm
Quoting krunfx
my broker

solid
I don't trust any move - when you have profit...take it.
  • #29,705
  • Jan 23, 2012 9:13pm Jan 23, 2012 9:13pm
Japan’s ‘intervention’ fund virtually unused

on the $130 billion fund set up last year to encourage Japanese companies to buy foreign interests (thereby weakening the Yen). The fund has yet to be tapped.

this meaning.......we must watching the yen more carefully..haha
Bismillah
  • #29,706
  • Jan 23, 2012 9:29pm Jan 23, 2012 9:29pm
Buy at 76.89
Take profit* at 77.38
Stop loss at 76.68
very nice, good price..!
  • #29,707
  • Jan 23, 2012 9:29pm Jan 23, 2012 9:29pm
Daily Pivots: (S1) 76.76; (P) 77.03; (R1) 77.38
very nice, good price..!
  • #29,708
  • Jan 23, 2012 9:32pm Jan 23, 2012 9:32pm
not going to buy..just ready to buy stop if yentervention happen...hahhaa
Bismillah
  • #29,709
  • Jan 23, 2012 9:39pm Jan 23, 2012 9:39pm
BANK OF JAPAN STATEMENT (BOJ):


BOJ Keeps Overnight Call Rate Range At 0.0% To 0.1%

Will Continue To Consistently Make Contributions Via Powerful Monetary Easing

To Continue Carefully Monitoring Impact Of Overseas Uncertainty On Japan Econ

Will Maintain Zero Interest Rate Policy Until Price Stability Is In Sight

EUROPE SOVEREIGN DEBT WOES MAY LEAD TO WEAKER GROWTH IN GLOBAL ECONOMY

UNCERTAINTY EXISTS IN JAPAN PRICE OUTLOOK, INCLUDING EFFECT OF GEOPOLITICAL RISK ON COMMODITY

JAPAN ECONOMY TO GRADUALLY RETURN TO MODERATE RECOVERY IN FIRST HALF OF FISCAL 2012

JAPAN ECONOMY TO RESUME MODERATE RECOVERY

JAPAN ECONOMIC ACTIVITY HAS BEEN MORE OR LESS FLAT

*Bank Of Japan Keeps Asset Purchase, Credit Facility Unchanged
Bismillah
  • #29,710
  • Jan 23, 2012 9:56pm Jan 23, 2012 9:56pm
Daily Pivots: (S1) 76.76; (P) 77.03; (R1) 77.38
very nice, good price..!
  • #29,711
  • Jan 24, 2012 3:49am Jan 24, 2012 3:49am
Whats causing this surge thats happening right now?
  • #29,712
  • Jan 24, 2012 3:51am Jan 24, 2012 3:51am
Quoting Zac
Whats causing this surge thats happening right now?
http://www.forexlive.com/blog/2012/0...n-fund-buying/


positive EUR data I would say
  • #29,713
  • Edited 4:17am Jan 24, 2012 3:52am | Edited 4:17am
Quoting Zac
Whats causing this surge thats happening right now?

Poor data out of japan. UJ sitting right on long term TL at time of writing. A little light reading here .. http://www.news.com.au/breaking-news...-1226252761483
  • #29,714
  • Jan 24, 2012 7:10am Jan 24, 2012 7:10am
yel already break my trendline
Attached Image (click to enlarge)
Click to Enlarge Name: JPY5.JPG Size: 66 KB
Bismillah
  • #29,715
  • Jan 24, 2012 7:33am Jan 24, 2012 7:33am
Attached Image (click to enlarge)
Click to Enlarge Name: h4 uj.gif Size: 20 KB
  • #29,716
  • Jan 24, 2012 8:04am Jan 24, 2012 8:04am
http://www.forexlive.com/blog/2012/0...rom-overnight/

I wonder if BoJ will use this... market will react on deficit only once, doubt that any new negative economic data on Japan will have the same effect.

Deep inside I know they won't
  • #29,717
  • Jan 24, 2012 8:39am Jan 24, 2012 8:39am
Guys,
wad do u think, will dis go dwn? wud going short work?
  • #29,718
  • Jan 24, 2012 10:14am Jan 24, 2012 10:14am
I will say "yes" but won't say when.

You should work on your questions, imo
  • #29,719
  • Jan 24, 2012 3:02pm Jan 24, 2012 3:02pm
Quoting Fidza
Monetary policy will take place in a couple of hours, if ever there was a strategic and appropriate time for the Japanese to do something about the Yen's strength , it would be now, as it seems the EU has departed (not to return anytime soon)from its all time lows , and the USD being the USD is bound to resume its downward trend vs the YEN .
Setting my U/J long just before Tokyo session opens. If nothing conclusive happens , will just have to close it and open next long when it breaks all time low, or when they start observing/monitoring/watching closely etc.


Well that long did not work out too bad,it was not the 300-400 pip orgasm I secretly wished for but 80 odd pips will do.
Going to let this run out its course, but will hedge it with a short overnight during the Asian session,and close the short/resume the long just before Euro session.
Officer ... I swear to drunk I am not God
  • #29,720
  • Jan 24, 2012 3:18pm Jan 24, 2012 3:18pm
Quoting Fidza
80 odd pips will do.
Congratz, looks like you guessed the bottom!

I took a bit less then 50pips on UJ and am very happy that UJ finally showed some action. Want to see trade deficit before doing anything
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