Yen

[DashRiprock]

Word.

If BOJ are gonna pump it, now's a good time.

disagree. I reckon 10 - 11 am london time will be the sweet spot if/when they do something (whenever they do it).

- last time *I can remember they were intervening*, it was about 10 - 11 am london time.
- when they do it, surely they will want maximum exposure?
- they don't want to do a drive by on their own bloody banks!

 

[iota]

disagree. I reckon 10 - 11 am london time will be the sweet spot if/when they do something (whenever they do it).

- last time *I can remember they were intervening*, it was about 10 - 11 am london time.
- when they do it, surely they will want maximum exposure?
- they don't want to do a drive by on their own bloody banks!

Common sense dictates you give a nice fat warning so every fu**er from retail to hedge funds to jump on with you for maximum effect, but they didn't do it last time as far as I can recall. It just happened. Stopped. Then everyone resumed shorting.

 

[rathcoole_exile]

blame france is my theory

for everything ? ever ?

works for me !

 

[JRP2891]

interesting question is what the longer term play on yen is. not short term liquidity plays but flow of funds / interest rate / trade flow things like that.

anyone any ideas?

Long Usd/Jpy

 

[wackypete2]

Long Usd/Jpy

Can you elaborate? Why would you go long over the long term? The yen has been appreciating vs the $ for 4 years. Just looking for your thoughts.

Thanks,

Peter

 

[JRP2891]

Can you elaborate? Why would you go long over the long term? The yen has been appreciating vs the $ for 4 years. Just looking for your thoughts.

Thanks,

Peter

Crowd behaviour. Extreme negative sentiment against the USD, and extreme bullish sentiment for the JPY.

 

[iota]

Long Usd/Jpy

USD strengthened maybe 3/4 months after Kobe back in '95, but it took that time. I'm guessing economic output was affected and that showed on quarterly reports...but that really is a guess.

 

[DashRiprock]

fyi

http://ftalphaville.ft.com/blog/2011/03/17/518056/the-derivatives-hour-for-the-japanese-yen/

 

[counter_violent]

Ut oh .

Were off again

 

[Martinghoul]

G7 agrees on joint intervention: Jap FinMin Noda.

 

[iota]

It's been a solid week of Facedesk.

All aboard for the Forex lollercoaster!

 

[Doomberg]

Wow this thing is volatile, perfect time for shorting imo

I'll be happy if it slams back down to 76! :cheesy:

 

[iota]

Wow this thing is volatile, perfect time for shorting imo

I'll be happy if it slams back down to 76! :cheesy:

Not with other central banks apparently intervening when doors open.

 

[LiveTradingZone]

Luckily I have been long the Future's in the Yen for a few weeks now. Almost like the market expected a large move lol

 

[iota]

So if the current move cost about $5bln dollars, they've already lost about $2bln ish of gains. Nice.