JPY at end of trend?

Discussion in 'Forex' started by JSSPMK, Sep 8, 2010.

  1. JSSPMK

    JSSPMK

    Noted TY!

    I will be using proper risk management, as always.

    I have read about potential political unease with intervention, yet I believe Japanese will still go ahead, they may simply point at western stock markets' performance & compare to Nikkei, to effectively compete with Chinese we have to bring a gun to a gun fight, not a bow with an arrow ;)

    [​IMG]
     
    #51     Sep 30, 2010
  2. Well, I hope so, too. I am very thankful for BOJ intervention.

    Domo arigato, BOJ ! :)
     
    #52     Sep 30, 2010
  3. JSSPMK

    JSSPMK

    chart posted
     
    #53     Sep 30, 2010
  4. JSSPMK

    JSSPMK

    Japan Renews Vow of 'Decisive Steps' on Yen

    "TOKYO—Japan renewed its vow to tame the strong yen, as the currency neared the level reached before Tokyo's Sept. 15 intervention"

    "Dismissing the latest intervention as a failure, Eisuke Sakakibara, who intervened aggressively as vice finance minister for international affairs in the late 1990s, said that selling yen may cut its value briefly but can't change a long-term trend.

    "It would just provide speculators a chance to buy the currency at a cheap rate," he said. "Intervening in the currency market is like giving morphine to a patient: You could end up making the patient worse."

    To succeed with a yen-selling campaign requires three things that don't exist now, he said: coordination with the U.S., aggressive monetary easing by the Bank of Japan, and more spending by the government."

    http://online.wsj.com/article/SB10001424052748704483004575523611662524960.html?mod=googlenews_wsj
     
    #54     Sep 30, 2010
  5. blnbr

    blnbr

     
    #55     Sep 30, 2010
  6. JSSPMK

    JSSPMK

     
    #56     Sep 30, 2010
  7. JSSPMK

    JSSPMK

  8. #58     Oct 1, 2010
  9. JSSPMK

    JSSPMK

    #59     Oct 2, 2010
  10. JSSPMK

    JSSPMK

    Kyle Bass on Japan, shoot over to 2:25 for Japan issues.

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    MONTHLY YEN

    [​IMG]

    10 year JGB

    [​IMG]


    If Dollar-Yen Falls To 82, Watch For A Major Blowup In The FX War

    http://www.businessinsider.com/if-d...atch-for-a-major-blowup-in-the-fx-war-2010-10
     
    #60     Oct 3, 2010