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USD/JPY Discussion

  • #31,501
  • Sep 26, 2012 2:56am Sep 26, 2012 2:56am
BOJ Kiuchi: BOJ Could Ease Vis Riskier Asset Buys
not euphoria follower
  • #31,502
  • Sep 26, 2012 3:15am Sep 26, 2012 3:15am
Quoting eliteincome
Gidday Traders

My longs will be under water help meeeeeee

Suck it up

Yesterday they had 19 longs to every short

over 45 trillion parked up

who pays the roll over on that one

If this hits 80 cents,i can retire
19 longs to 1 short... sounds exactly like the statistics I hear about the ratio of winners to loosers on FX
  • #31,503
  • Sep 26, 2012 3:39am Sep 26, 2012 3:39am
Quoting brinks
Does anyone think the japanese will allow this to make new lows below 75.50?

personally i dont see what they can do to weaken this thing with the FED going for QE3.
I imagine anytime soon they will start making noise about Yen moves being speculative and blah blah blah and that they will use all options available ,which would translate to absolute nothing, a couple of pips later down the line to the downside say 100 or so they will make even more noise, and if all fails as it usually tends to they will have to throw a bucket load of money into the FX market to get a very temporary relief .To put it simply, out of all the CBs actions to keep their respective currencies down,there is no better way at saying this but the BoJ is by far the most incompetent one at this game, although they do watch ,monitor and observe a lot more than any other . But I do not think we shall see new lows ,not unless they want Nissan or Sony or some other big name filing for bankruptcy.
Officer ... I swear to drunk I am not God
  • #31,504
  • Sep 26, 2012 6:21am Sep 26, 2012 6:21am
Quoting maximinus
Hope it helps. today the support is @77.60. If broken the next one is at 76.76. GL
I am more inclined to believe that the support will be @76.56, the low of 18 Nov.
  • #31,505
  • Edited 7:14am Sep 26, 2012 6:47am | Edited 7:14am
Quoting Trader221
I am more inclined to believe that the support will be @76.56, the low of 18 Nov.
You are probably right. I've the "good habit" to let some pips to the market

Edit: Sorry Trader221, I misread your number. I read 77.56 instead of 76.56.
Any way you could be right, I'm just not good in JPY analyse. Yeah, I'm also used to let 100pips instead of few pips when trading UJ ;-)
Don't be smart. Be rich.
  • #31,506
  • Sep 26, 2012 7:47am Sep 26, 2012 7:47am
And here I thought I finally got something right because someone, finally, agreed with me

I am usually wrong... it will be confirmed,that I am wrong, if we break the 77.92 barrier. I will not give up until the last moment, just jumped to @79.89! I am bearish on USDJPY
  • #31,507
  • Sep 26, 2012 7:51am Sep 26, 2012 7:51am
Quoting Trader221
And here I thought I finally got something right because someone, finally, agreed with me

I am usually wrong... it will be confirmed,that I am wrong, if we break the 77.92 barrier. I will not give up until the last moment, just jumped to @79.89! I am bearish on USDJPY
That spike wouldnt have been much to do with the Yen but due to the USD getting a sudden surge as commodity prices took a huge hit,
Ie Gold/Silver
  • #31,508
  • Sep 26, 2012 7:53am Sep 26, 2012 7:53am
Quoting Zac
That spike wouldnt have been much to do with the Yen but due to the USD getting a sudden surge as commodity prices took a huge hit,
Ie Gold/Silver
And some comments from BOJ'S Sato on reuters.
  • #31,509
  • Sep 26, 2012 7:56am Sep 26, 2012 7:56am
Quoting brinks
And some comments from BOJ'S Sato on reuters.
Do you have a link to that?
So will that mean there wont be much more downside to the USDJPY?
Im sure as it is the value of it must be crippling Japan.
  • #31,510
  • Sep 26, 2012 8:04am Sep 26, 2012 8:04am
Quoting Trader221
And here I thought I finally got something right because someone, finally, agreed with me

I am usually wrong... it will be confirmed,that I am wrong, if we break the 77.92 barrier. I will not give up until the last moment, just jumped to @79.89! I am bearish on USDJPY
Hey bro, I'vnt agreed. I'm a polite person, so I said you are probably right. Take it easy.;-)
Don't be smart. Be rich.
  • #31,511
  • Sep 26, 2012 8:04am Sep 26, 2012 8:04am
Quoting Zac
Do you have a link to that?
So will that mean there wont be much more downside to the USDJPY?
Im sure as it is the value of it must be crippling Japan.


BOJ’s Sato: Won’t hesitate in easing further of risks rise enough

Written by Jamie Coleman
September 26, 2012 at 12:31 GMT

  1. Economy undershoots forecasts even after September easing
  2. Buying more risk assets an options
  3. Considering new policy steps an option if recovery faces serious obstacles
  4. Buying foreign bonds a viable option
  5. BOJ, government should work together to show market resolve of correcting over-valued JPY

Strong comments in a Reuters interview. USD/JPY spiked to 77.91 on the headlines and now trades at 77.77.

  • #31,512
  • Sep 26, 2012 8:11am Sep 26, 2012 8:11am
Read Fidza' comment above... the problem is, this is exactly the same story with BoJ.

Until we see REAL action, the markets will treat it as just that... words.

I am still bearish
  • #31,513
  • Sep 26, 2012 8:26am Sep 26, 2012 8:26am
I recommand even for the Central Bank chiefs to put a stop loss. It's useful sometimes. Just saaying that...
Don't be smart. Be rich.
  • #31,514
  • Sep 26, 2012 8:54am Sep 26, 2012 8:54am
Quoting maximinus
I recommand even for the Central Bank chiefs to put a stop loss. It's useful sometimes. Just saaying that...
H4-8min
It's unreadable, I know.
Attached Image (click to enlarge)
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Don't be smart. Be rich.
  • #31,515
  • Sep 26, 2012 9:04am Sep 26, 2012 9:04am
Quoting brinks
BOJ’s Sato: Won’t hesitate in easing further of risks rise enough

Written by Jamie Coleman
September 26, 2012 at 12:31 GMT
[list][*]Economy undershoots forecasts even after September easing[*]Buying more risk assets an options[*]Considering new policy steps an option if recovery faces...
they keep repeating the same thing over and over
Alternatives are more important than the plan itself
  • #31,516
  • Sep 26, 2012 10:16am Sep 26, 2012 10:16am
Oil down over 2% and Dollar up about quarter of that... markets are still worried about the state of global economy... I would have gone long on Yen if it weren't for the conditions right now.

I think we have the perfect setup for the markets to test BoJ on defending the Yen. My target is still 76.56
  • #31,517
  • Sep 26, 2012 10:39am Sep 26, 2012 10:39am
BOJ IT'S EASY.

Just buy unlimited amounts of USD/JPY, and don't leave the only option of policy changes at meetings....do it spontaneously, surprise the markets.

Imagine if BoJ came out right now and said they're adding another 10 Trillion for their Asset Purchase program and at thinking about adding another 20 on top of that. Then imagine they also bought up USD's like hot cakes, both unannounced and announced. SURPRISE THE MARKET.

If I was the BoJ I would have this at 100 USD/JPY by now, they've had a year...they're becoming a joke
  • #31,518
  • Sep 26, 2012 10:40am Sep 26, 2012 10:40am
Weekly and Daily charts show bullish divergence, the last candle is a spinning top and without large movements the candle of today is a doji..

Buyers of yen are being depleted??
  • #31,519
  • Sep 26, 2012 10:44am Sep 26, 2012 10:44am
Quoting Joey Zazza
BOJ IT'S EASY.

Just buy unlimited amounts of USD/JPY, and don't leave the only option of policy changes at meetings....do it spontaneously, surprise the markets.

Imagine if BoJ came out right now and said they're adding another 10 Trillion for their Asset Purchase program and at thinking about adding another 20 on top of that. Then imagine they also bought up USD's like hot cakes, both unannounced and announced. SURPRISE THE MARKET.

If I was the BoJ I would have this at 100 USD/JPY by now, they've had a year...they're becoming a joke
theres a reason they are there u are here. Keep it that way lol
  • #31,520
  • Sep 26, 2012 10:50am Sep 26, 2012 10:50am
If I spoke Japanese you would be reading headlines that said: JAPANESE FINANCE MINISTER JOEY ZAZZA ANNOUNCED TODAY...
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