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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 5, 2011 14:30
so all this fuss is about helping Mrs. Watanabe!?..


Market thinking is that the TFX represents 10% of the total Japanese
margin (retail) FX market, so it would seem that overall yen short
positions were greatly reduced in the wake of BOJ intervention Thursday.
Margin FX flows are predictable and Japanese authorities would likely
have factored the flows in when deciding on the size of intervention.
"If such profit-taking by retail margin FX traders is successful, it may
also have a marginally positive effect on the economy, as such profits
may increase household consumption and tax revenues for the government,"
Yamamoto says.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 5, 2011 11:53
why bother.. me or you?
subway90
Posts: 1078
13 years ago
Aug 5, 2011 11:30
jacek...

never expected you to see those lines.... so why even bother?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 5, 2011 11:22
sorry looked at extended daily weekly monthly still cant't see these.. i agree with Sir.. horizontal lines more important in this environment so i see 78.50 then 78..
subway90
Posts: 1078
13 years ago
Aug 5, 2011 10:50
coz... this chart don't show the bigger picture... these lines extending back much further... than you can imagine..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 5, 2011 10:02
hey subz.. are you forcing it?.. usually your lines dont cross candles:-)
subway90
Posts: 1078
13 years ago
Aug 5, 2011 9:31
good buying opportunity around 77.90/78.10..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 5, 2011 1:30
our "masters" are temporarily defeated---the mkts have taken back control---long live the king.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 5, 2011 1:16
so yen is still a buy then..

..economy minister Yosano was earlier cited saying can't continue intervention "forever."
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 4, 2011 15:54
end of intervention?..

"..Chatter from traders that China sellers of dollar-yen in recent trade.."
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