Look at dat JPY!!!

Discussion in 'Forex' started by Stok, Mar 16, 2011.

  1. Stok

    Stok

    .....major move again on evening session!
     
  2. i guarantee no one lost money on that move. not one trader.
     
  3. Pippi436

    Pippi436

    A 3.75% move while CME is closed - one of the reasons i prefer spot.

    But who ever that was, nicely done. Selling into roll-over, where even most spot firms dont trade. At 17:05 EST (when most come back online), it was already at ~79.40 - probably below quite a few stops.

    P.S. i wonder how that works. As far as i know, most major dealers are closeing for a short while at 17:00 est - yet it moved ~50 pips lower during this time.
     
  4. they will tear you a new one any way they can.

    spot didnt save you

    of course on 1/2 the traders were blown out, they others banked.

    kind of like the casino
     
  5. tell me that wasnt a conspiracy to blow out the weak hands.

    no, wait, dont waste your time

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  6. Holy crap. That's nuts. 400 pips in 45 minutes.
     
  7. LOL are you serious? You're kidding right?
     
  8. Last one to repatriate yen please close the door.

    Hell it looks like a repatriation tsunami of yen against many currencies especially the i-rate arbitrage currencies NZD and AUD.


    Sounds like the NRC and IAEA are now running the show.... basically saying get the hell away from the nukes and for US citizens to leave Japan.
     
  9. I do rate it as a stop run. I had been expecting it since about 2 pm and being after the market has closed makes it overshoot in a nice way.

    Almost all markets are being arb'd and that makes that it affects other stuff as well - one would expect a big sell off in holdings that the Japanese have in markets worlwide creating a massive dip. Hopefully it does not create a flash crash.
     

  10. Argh that is some nick name got a story?
     
    #10     Mar 16, 2011