Analysis: Investors bet on initial success for Japan on yen "It's incredible how unfazed investors are about the downside on dollar/yen," said Simon Smollett, options analysts at Credit Agricole. "It tells us Japanese corporates are not worried (about the possibility of dollar/yen falling), nor are the market makers in dollar/yen options, and even the hedge funds don't see any edge there." The one-month 25-delta risk reversal shows a premium of 0.9 to buy yen calls over puts, a fall from 1.5 prior to intervention. This tallies with positioning data, which shows speculators have slashed bets on yen gains. Implied volatility -- a measure of financial market risk and a key factor in calculating option prices -- has also come down, with one-month dollar/yen volatility trading around 11 percent compared with 13 percent before intervention. http://us.mobile.reuters.com/article/idUSTRE6943V720101005?ca=rdt
I wonder if Japan does peg the Yen what will that mean for our positions in Jpy crosses? Will brokers be allowed to cancel trades?
Looks like you're on a roll, as in two in a row. Maybe you should go with the alternate wave count. Try harder will'ya, you owe me money.
4H pend order above continues - no better entry possible yet 1H higher risk Long entry @ close > 82.6 (to be considered but might not act on it)
you may want to make a long call here with a target of 84.20 well i am long from 81.5 18-1 RR monthly is still short as i was saying but a couple of h1 cycles just ended and we have a chance at 84.2
C'MON BOJ take us to 88-90 Monthly 20 SMA FXstreet.com (Barcelona) - Asian investors injected large inflows into Japanese crosses to the extreme that it may take no much longer to rattle the nerves from BoJ decision-makers again. As a matter of fact, IMF and G7 weekend meetings showed no censure measures on Japan's recent unilateral intervention in FX market, suggesting the odds for a second round may be higher now. Read more: http://community.nasdaq.com/news/20...on-the-alert.aspx?storyid=39792#ixzz120YgY1Jn
man how bad would it suck for you if i come in to your thread and make a call with 18-1 RR that hits right out of the gate lol