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Japan news!!

  • #1
  • First Post: Aug 10, 2006 1:31pm Aug 10, 2006 1:31pm
What do you think? Any big moves tomorrow??(night)
  • #2
  • Aug 10, 2006 1:36pm Aug 10, 2006 1:36pm
yeah we should see some reaction on the BOJ rate announcement/statement. but be careful the time is tentative and you dont know when it is really coming out until it comes out!
Relax and be happy.
  • #3
  • Aug 10, 2006 1:40pm Aug 10, 2006 1:40pm
Quoting merlin
yeah we should see some reaction on the BOJ rate announcement/statement. but be careful the time is tentative and you dont know when it is really coming out until it comes out!
Is that typical? Is it sometimes early........any patterns you've noticed?
Thanks,
Jim
  • #4
  • Aug 10, 2006 1:41pm Aug 10, 2006 1:41pm
Oh, and I meant typical of Japan's new releases.....
  • #5
  • Aug 10, 2006 3:08pm Aug 10, 2006 3:08pm
What about the JPN GDP and the AUD trade balance? Anyone looking at trading those and will either of these move the markets you think?
  • #6
  • Aug 10, 2006 5:27pm Aug 10, 2006 5:27pm
As I have said time and time again: JPY do not react on news no matter how good/bad the news is (except perhaps if you bomb it again).

They have a dissapointing Q2 GDP yet look at USDJPY going south?

Tell that to the japanese that their money should sink.
  • #7
  • Aug 10, 2006 5:30pm Aug 10, 2006 5:30pm
Well BK (If you dont mind me calling you that) the USD/JPY did go up +10 pips upon the release. But yes now it is retracting....


I think I may stop trading JPY news except for BOJ interest or something else that will be major. The moves are just not strong enough.
  • #8
  • Aug 10, 2006 6:23pm Aug 10, 2006 6:23pm
The last BoJ rate hike did not produce anything other than false and quick spikes intended to touch your entries and retreat very fast for the quick kills. I lost a huge portion of my equity that time.

Be careful and be on your toes starting 12:30AM
  • #9
  • Aug 10, 2006 6:44pm Aug 10, 2006 6:44pm
Yes I too lost money on the whip saw produced by the BOJ decision last time. I may trade this one, but tight stops will be in place. Anyone going for this trade??
  • #10
  • Aug 10, 2006 7:07pm Aug 10, 2006 7:07pm
It has been anticipated that BoJ will hike interest rates last month. So i guess in a way, the reaction was muted...

THis time, the anticipation was no rate hike.
  • #11
  • Aug 10, 2006 8:54pm Aug 10, 2006 8:54pm
I thought the news was announced way ahead of schedule, wasn't it?
If so, there really wasn't that much movement. Interesting.
  • #12
  • Aug 10, 2006 9:19pm Aug 10, 2006 9:19pm
I will be trading JPN BOJ Interest Rate Statement .
  • #13
  • Aug 10, 2006 9:46pm Aug 10, 2006 9:46pm
It appears that the news already did come out.

This is from IFR Forex Watch

Tokyo,
Aug 11. Japan"s overnight call rate was left unchanged at 0.25%. The market did not expect any changes at this meeting. [email protected]
Fdisk Please I just want a few pips. Is that too much to ask?
  • #14
  • Aug 10, 2006 10:01pm Aug 10, 2006 10:01pm
Quoting ForexWinnie
I thought the news was announced way ahead of schedule, wasn't it?
If so, there really wasn't that much movement. Interesting.
yeah it came out a few hours earlier than usual. but they dont claim to have a standard time. yes, interesting the lack of volatility...
Relax and be happy.
  • #15
  • Aug 10, 2006 10:13pm Aug 10, 2006 10:13pm
I personally don't trade Japanese news. It's worthless.
Mr. Trend
  • #16
  • Last Post: Aug 11, 2006 12:30am Aug 11, 2006 12:30am
Quoting merlin
yeah it came out a few hours earlier than usual. but they dont claim to have a standard time. yes, interesting the lack of volatility...
That answered my question! I thought my eyes were playing tricks on me!


Thanks
Change Your Thinking. Change Your Life - JD
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