scose-no-doubt
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jon1971
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Certainly a 15 year low as you know, not sure about all time...
Martinghoul
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Why CAD debt? Don't worry about anything... Here's a simple rule: bonds up, USDJPY down. Got that 🙂?
Martinghoul
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USDJPY traded below 83, end of May 1995.
scose-no-doubt
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IMO Bank of Japan may intervene to prevent further damage to their exports. May happen sooner rather than later. I wouldn't pay too much attention to other things, so far as Yen is concerned.
Martinghoul
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Well, if we look at how successful SNB interventions have been, I am not surprised that the BoJ is having cold feet.
B
Black Swan
GammaJammer
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Yeah but the MoF are at least a fair bit better at it (or, they were historically anyway - dunno how the current crop gonna fare).
Have a feeling we're gonna find out. It's not what I'd personally call disorderly yet (at least compared to 2003/4 and definitely not compared to 1995 once Sakakibara felt the need to wade in, but this morning certainly smelled a touch more of sharks circling.
As to where it bases though, if we've seen the base here I'd be stunned. R/R for shorts getting less attractive though imho so I'd be sidelined personally. Timing will be tough.
Just my $0.02
Have a feeling we're gonna find out. It's not what I'd personally call disorderly yet (at least compared to 2003/4 and definitely not compared to 1995 once Sakakibara felt the need to wade in, but this morning certainly smelled a touch more of sharks circling.
As to where it bases though, if we've seen the base here I'd be stunned. R/R for shorts getting less attractive though imho so I'd be sidelined personally. Timing will be tough.
Just my $0.02
the markets are pushing the BOJ here. This is a good old mexican stand-off. those funding in jpy are going to be seriously hurting.
**given what Noda said I can't see them stepping in just yet. there's more at work than meets the eye here. this is a squeeze, not a fundamental shift in my eyes.
**given what Noda said I can't see them stepping in just yet. there's more at work than meets the eye here. this is a squeeze, not a fundamental shift in my eyes.
B
Black Swan
Goddam, my signals have now told me to go long...happy days...🙂
My system as well (short tf)
Should I go to old fashioned bottom catching (low is not that far), or ignore it?🙄
B
Black Swan
Yep it triggered on my short term TF 'plays', filled at 83.90...might be simply paying for market info..then back short..we'll see, I just do as I'm *told*..😉
I ignored the system (got enough pips from earlier short trades so I'll leave it at that)
Anyway system preference is long at the moment - it doesn't look that bad. If in long wouldn't like it to go below 83.80 and definitely not below 83.50
PS Don't want to be a killjoy, but I would have exited at 84.35.
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Maybe they've already started intervening without telling us.
BTW that's a really good avatar. Is that you?
