Selloff of the Yen? Intervention? Any news

Discussion in 'Forex' started by tradingjournals, Aug 26, 2010.

  1. Yen related pairs are moving fast. I predicted an intervention to that place tonight or tomorrow. Any news?
  2. 強い買物


  3. I read your post in the other thread. The price moved before the news!

    Part of trading is to read minds of governments. I think I know a bit about how the Japanese mind works--- that is how I anticipated their action earlier today as per my post on the other thread.:)
  4. Japan is basically saying " assholes keep buying our Yen, and we will just start printing more of it"
  5. Long from 85.28 this afternoon on the news on Monday JCB meeting (Oanda 85.18x28 market).
  6. JamesL


    That's the Oanda-widened-10-pips-because-its-the-weekend spread you are dealing with.
  7. They should pump it up to parity with the USD and buy the world.
  8. Pair is back down to 85.45. I am buying again. Wish me well :)
  9. I got out at 85.60 area (where it is now).
  10. I realize. My point was that it did not reflect the news, even with the wide market.
    #10     Aug 29, 2010