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USD/JPY Discussion

  • #31,021
  • Jun 1, 2012 6:13am Jun 1, 2012 6:13am
What does "check rates" mean???
  • #31,022
  • Jun 1, 2012 6:15am Jun 1, 2012 6:15am
Quoting fatpanda
没准是我们干的

中国银行6月1日完成人民币对日元首笔直接交易
2012-06-01 13:27 来源：中新社 打印本页 关闭

　　中新社北京6月1日电(记者 魏晞)6月1日，中国外汇交易中心正式开办由直接交易做市商提供流动性的人民币对日元直接交易。当天上午，中国银行作为首批人民币对日元直接交易做市商，以做市商身份、会员银行身份分别与瑞穗实业银行(中国)、三联东京日联银行(中国)成交当日首笔人民币对日元交易。
　　6月1日开始的人民币对日元直接交易，令世界第二大经济体和第三大经济体之间的货币，首次得以“直面”对方。分析师对记者表示，此前人民币对日元汇率中间价根据当日人民币对美元汇率中间价以及美元对日元汇率套算形成，一旦美元汇率波动，会有一定损失风险，兑换手续费也较高。
　　实现直接交易后，有利于降低两种货币交易时对美元的依赖性，不但提升人民币和日元在全球金融市场的影响力，更是推进人民币国际化的重要一步。
　　中国银行间外汇市场人民币对日元挂牌交易始于1995年，日元是继美元、港币之后在银行间外汇市场挂牌的第三个货币。随着银行间外汇市场的发展，人民币对日元交易量也稳步增长，2011年银行间外汇市场人民币对日元交易量达到292.8亿元人民币。
　　中国银行间市场的首批做市商，交易量占比突出，在市场中影响巨大。中国银行表示，未来将积极履行做市商义务，在银行间外汇市场提供人民币对日元的买、卖双向报价，为市场提供流动性。(完)...
Interesting
  • #31,023
  • Jun 1, 2012 6:21am Jun 1, 2012 6:21am
Quoting AthrunZala
What does "check rates" mean???

I undertand that it refers to a central bank checking with dealers at lower tier banks as to the price and size of orders they have on thier books. In other words "if we're going to intervene, we want to know what resistance or support we'll have in the market"
  • #31,024
  • Jun 1, 2012 6:26am Jun 1, 2012 6:26am
Quoting fatpanda
没准是我们干的

中国银行6月1日完成人民币对日元首笔直接交易
2012-06-01 13:27 来源：中新社 打印本页 关闭

　　中新社北京6月1日电(记者 魏晞)6月1日，中国外汇交易中心正式开办由直接交易做市商提供流动性的人民币对日元直接交易。当天上午，中国银行作为首批人民币对日元直接交易做市商，以做市商身份、会员银行身份分别与瑞穗实业银行(中国)、三联东京日联银行(中国)成交当日首笔人民币对日元交易。
　　6月1日开始的人民币对日元直接交易，令世界第二大经济体和第三大经济体之间的货币，首次得以“直面”对方。分析师对记者表示，此前人民币对日元汇率中间价根据当日人民币对美元汇率中间价以及美元对日元汇率套算形成，一旦美元汇率波动，会有一定损失风险，兑换手续费也较高。
　　实现直接交易后，有利于降低两种货币交易时对美元的依赖性，不但提升人民币和日元在全球金融市场的影响力，更是推进人民币国际化的重要一步。
　　中国银行间外汇市场人民币对日元挂牌交易始于1995年，日元是继美元、港币之后在银行间外汇市场挂牌的第三个货币。随着银行间外汇市场的发展，人民币对日元交易量也稳步增长，2011年银行间外汇市场人民币对日元交易量达到292.8亿元人民币。
　　中国银行间市场的首批做市商，交易量占比突出，在市场中影响巨大。中国银行表示，未来将积极履行做市商义务，在银行间外汇市场提供人民币对日元的买、卖双向报价，为市场提供流动性。(完)...

The beginning of the end of the USD
  • #31,025
  • Jun 1, 2012 6:30am Jun 1, 2012 6:30am
Quoting fatpanda
没准是我们干的

中国银行6月1日完成人民币对日元首笔直接交易
2012-06-01 13:27 来源：中新社 打印本页 关闭

　　中新社北京6月1日电(记者 魏晞)6月1日，中国外汇交易中心正式开办由直接交易做市商提供流动性的人民币对日元直接交易。当天上午，中国银行作为首批人民币对日元直接交易做市商，以做市商身份、会员银行身份分别与瑞穗实业银行(中国)、三联东京日联银行(中国)成交当日首笔人民币对日元交易。
　　6月1日开始的人民币对日元直接交易，令世界第二大经济体和第三大经济体之间的货币，首次得以“直面”对方。分析师对记者表示，此前人民币对日元汇率中间价根据当日人民币对美元汇率中间价以及美元对日元汇率套算形成，一旦美元汇率波动，会有一定损失风险，兑换手续费也较高。
　　实现直接交易后，有利于降低两种货币交易时对美元的依赖性，不但提升人民币和日元在全球金融市场的影响力，更是推进人民币国际化的重要一步。
　　中国银行间外汇市场人民币对日元挂牌交易始于1995年，日元是继美元、港币之后在银行间外汇市场挂牌的第三个货币。随着银行间外汇市场的发展，人民币对日元交易量也稳步增长，2011年银行间外汇市场人民币对日元交易量达到292.8亿元人民币。
　　中国银行间市场的首批做市商，交易量占比突出，在市场中影响巨大。中国银行表示，未来将积极履行做市商义务，在银行间外汇市场提供人民币对日元的买、卖双向报价，为市场提供流动性。(完)...
China news agency, Beijing, June 1 (Reporter Wei Xi) - June 1, the China Foreign Exchange Trade Center was officially launched by the direct trading market makers to provide trading liquidity of the RMB against the yen. In the morning, the Bank of China as the first batch of yuan against the yen trading a market maker market maker identity, the member banks identified respectively with the first pen of Mizuho Corporate Bank (China), triple Tokyo UFJ Bank (China) date of the transactions of RMB transactions against the yen.
June 1 start of the yuan against the yen trading, so that the currency of the world's second largest economy and third largest economies, for the first time to be the "face" each other. Analyst, told reporters after the yuan central parity rate against the yen higher according to the date of the RMB central parity rate against the U.S. dollar and the U.S. dollar against the yen Cross formation, once the U.S. dollar exchange rate fluctuations, there will be some risk of loss, exchange fees.
Direct transactions help to reduce the dependence of the two currencies trading against the U.S. dollar, not only to enhance the influence of the yuan and the yen in global financial markets, more important step is to promote the internationalization of the RMB.
China's interbank foreign exchange market, the RMB against the yen traded on since 1995, the yen is following the U.S. dollar, HK listed in the interbank foreign exchange market after the third currency. With the development of the interbank foreign exchange market, the RMB against the yen trading volume to grow steadily in 2011 interbank foreign exchange market, the RMB against the yen trading volume reached 29.28 billion yuan.
China inter-bank market, the first market maker transactions accounted for more than highlight the enormous impact in the market. Bank of China will actively fulfill market maker obligations in the future, the RMB against the yen to buy in the interbank foreign exchange market, selling two-way prices, providing liquidity to the market. (End)
  • #31,026
  • Jun 3, 2012 11:19pm Jun 3, 2012 11:19pm
the main question is, which level BOJ trying to defence? 78, 77.5, or 77? i think 77! (just a thought) 78 is very high level compare to 0,75.75 last november
  • #31,027
  • Jun 3, 2012 11:42pm Jun 3, 2012 11:42pm
Quoting heraclitus
the main question is, which level BOJ trying to defence? 78, 77.5, or 77? i think 77! (just a thought) 78 is very high level compare to 0,75.75 last november

None of the above. They try to maintain yen value against a basket of currencies, or a trade weighted index. USDJPY is but one pair, albeit a significant one for them.

They were performing interventions when the USDJPY was over 100.
  • #31,028
  • Jun 3, 2012 11:56pm Jun 3, 2012 11:56pm
Quoting Mpt
None of the above. They try to maintain yen value against a basket of currencies, or a trade weighted index. USDJPY is but one pair, albeit a significant one for them.

They were performing interventions when the USDJPY was over 100.
in your opinion the fact that Q3 still looks a very future scenario, can't make the price go back 0.75 (next 2 months)? thanks, and sorry for my english
  • #31,029
  • Jun 4, 2012 1:53am Jun 4, 2012 1:53am
Quoting heraclitus
in your opinion the fact that Q3 still looks a very future scenario, can't make the price go back 0.75 (next 2 months)? thanks, and sorry for my english

I see a potential of a bullish move soon in this pair, but am still expecting 75 or lower in the next few months
  • #31,030
  • Jun 4, 2012 2:38am Jun 4, 2012 2:38am
well BOJ cannot let go all the efforts to weaken the yen since last year without losing credibility, so i think they will not allow a new low and have to step in before, maybe 77 or 76..but just a guess
  • #31,031
  • Jun 4, 2012 3:07am Jun 4, 2012 3:07am
Quoting torkay77
well BOJ cannot let go all the efforts to weaken the yen since last year without losing credibility, so i think they will not allow a new low and have to step in before, maybe 77 or 76..but just a guess
i guess 76 but all interventions will fail.
  • #31,032
  • Jun 4, 2012 3:31am Jun 4, 2012 3:31am
just read an interesting expert interview...

"Sie (BOJ) will, dass die Regierung Reformen und Liberalisierungen durchführt, die langfristig effizient sind. Aber die Regierung scheut sich davor und will, dass die Notenbank die Währung schwächt. Es muss also erst zu einer Verschärfung der Krise kommen, bevor die Wende in der Geldpolitik kommt. Dann wird die Notenbank mehr eigene Staatsanleihen kaufen und so den Yen schwächen. Die Japaner selbst werden dann von Anleihen in Aktien umsteigen. Und das Ausland könnte auf diesen Zug aufspringen. Das alles kann sich im Laufe des nächsten Jahres vollziehen."

it means BOJ is not interested to devalue Yen for now cause they like to put pressure on the government to reform economy to make it more competitive..only after some reforms they will start buying their own treasuries to weaken the yen ..but government is too lazy for reforms and just wants BOJ to do the work
http://www.smileygarden.de/smilie/Sonstige/cop.gif
  • #31,033
  • Jun 4, 2012 3:54am Jun 4, 2012 3:54am
Quoting torkay77
well BOJ cannot let go all the efforts to weaken the yen since last year without losing credibility, so i think they will not allow a new low and have to step in before, maybe 77 or 76..but just a guess
But the facts show us that BOJ keeps throwing billions at the market over the past couple of years, and the market keeps making new lows!! hu hu hu
Doing what you like is Freedom. Liking what you do is Happiness.
  • #31,034
  • Jun 5, 2012 6:02am Jun 5, 2012 6:02am
beware to come down again http://www.smileygarden.de/smilie/Sonstige/whip.gif
  • #31,035
  • Jun 5, 2012 6:10am Jun 5, 2012 6:10am
Quoting torkay77
beware to come down again http://www.smileygarden.de/smilie/Sonstige/whip.gif
why so?
  • #31,036
  • Jun 5, 2012 6:12am Jun 5, 2012 6:12am
Quoting FxLapozi
why so?
just kidding cause i hold longterm position
  • #31,037
  • Jun 5, 2012 6:29am Jun 5, 2012 6:29am
Quoting torkay77
just kidding cause i hold longterm position
I am actually holding short now....
  • #31,038
  • Jun 5, 2012 7:01am Jun 5, 2012 7:01am
Quoting FxLapozi
I am actually holding short now....
take care with your shorts, they talk about G7 supporting japanese intervention but not confirmed yet
  • #31,039
  • Jun 6, 2012 1:22am Jun 6, 2012 1:22am
http://shemeansbusiness.files.wordpr...omp-intell.png

hu hu hu
  • #31,040
  • Jun 7, 2012 12:19am Jun 7, 2012 12:19am
Hell of a wedge on this pair at the moment. Just shorted.
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