Yen

I was watching that thing on cabonet office. was good i thought.

what's behind it arabian do you know? i can't see anything about nuclear explosions and I was watching it at the 80 handle and didn't see anything crazy like. was it just stops and then program selling?

anybody know?

and why didn't they defend 80, surely theyll' have to do something?

80+ to 76.50ish without WW3 or summit is a bit stupid to me : /
 
supposed to be massive margin calls apparently (hence it plunging just after US session end).

I just blew a random spread bet account on it :LOL:

Will probably turn out to be some prick arab or some similar type (made money through one thing, possibly luck, who now thinks they understand trading) who bought it because it was on its lows :)lol:) - unlikely to be institutional cause very few that retarded... and out of courtesy they wouldn't be, er, treated like that... the price action suggests entire market knew about their position... so I'm going with gobby prick :)
 
hmmmmm margin calls?

well if I make (massive assumption) that there are (or were lol) big structured product interest in the 80 handle, i didnt see anything that looked there was alot of people interested in defending it, just a few stops and fast money on the print

so if there was enough knock ins / barriers / whatever to make margin calls make it sell off 3 handles, I would expect to see someone try to defend it. but i didn't.

and anyway margin calls in what? surely any non-fx product with a cut of this late is going to be USD denominated? so meeting a margin call means demand for dollars not selling in yen?

maybe the 9:00 - 9:01 action could be margin calls / liquidation but the whole thing, I don't buy it.


*neck on line; 80 before new lows, provided no nuclear explosion*
(y)
 
Last time it was at this level was when I started trading in 1995
Maybe just a whiff of something in the air.....apparently France and Australia have told their nationals to leave Tokyo.
Wouldn't be surprised if HMG tell ours last of all and to turn the lights off when they leave....if there's any electricity left.
Those poor sods struggling to dampen the reactors and absorbing all those millisieverts.....sieverts probably.
Richard
 
DashRiprock said:
hmmmmm margin calls?

well if I make (massive assumption) that there are (or were lol) big structured product interest in the 80 handle, i didnt see anything that looked there was alot of people interested in defending it, just a few stops and fast money on the print

so if there was enough knock ins / barriers / whatever to make margin calls make it sell off 3 handles, I would expect to see someone try to defend it. but i didn't.

and anyway margin calls in what? surely any non-fx product with a cut of this late is going to be USD denominated? so meeting a margin call means demand for dollars not selling in yen?..

maybe the 9:00 - 9:01 action could be margin calls / liquidation but the whole thing, I don't buy it.


*neck on line; 80 before new lows, provided no nuclear explosion*
(y)
Click to expand...

"flat-forwards"...to me it seems fairly inevitable given the talk about intervention that a fall below 80 would lead to a meltup...NZD was pretty good too.
 
DashRiprock said:
hmmmmm margin calls?

well if I make (massive assumption) that there are (or were lol) big structured product interest in the 80 handle, i didnt see anything that looked there was alot of people interested in defending it, just a few stops and fast money on the print

so if there was enough knock ins / barriers / whatever to make margin calls make it sell off 3 handles, I would expect to see someone try to defend it. but i didn't.

and anyway margin calls in what? surely any non-fx product with a cut of this late is going to be USD denominated? so meeting a margin call means demand for dollars not selling in yen?

maybe the 9:00 - 9:01 action could be margin calls / liquidation but the whole thing, I don't buy it.


*neck on line; 80 before new lows, provided no nuclear explosion*
(y)
Click to expand...

what you looking for? short gamma action? t'aint what I said!

margin calls of some rich tard going outright short yen would look just like that... especially if he was a cocky rich tard who everyone wanted to front run.

You know exactly the type I mean... says innit a lot. personality of those who drive a saxo with **** off exhaust... in fact after that, ... he may end up having to downgrade the aston and will be around at your next max power event :)
 
i think france (and europeans generally, + IAEA) are part of the bl00dy problem!
If they'd just let the jappos get on with it then we wouldn't have mass hysteria.
 

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just watch tomorrow it will say drop was cos of sheer panic and thin markets and my clever theory will be out the window.

(and maybe program selling)
 
Sharp falls like that usually bounce.
The Japanese construction industry looks promising in the medium term.
 
market was too thin. computer algos were trading and they feed off each other. Think flash crash. BOJ didn't defend it becasue they weren't open for business yet. Look for it to pop back to 80 or so within 2-3 hours.

Peter
 
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