scose-no-doubt
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jon1971
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Certainly a 15 year low as you know, not sure about all time...
Martinghoul
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Why CAD debt? Don't worry about anything... Here's a simple rule: bonds up, USDJPY down. Got that 
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Martinghoul
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USDJPY traded below 83, end of May 1995.
scose-no-doubt
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Why CAD debt? Don't worry about anything... Here's a simple rule: bonds up, USDJPY down. Got that
IMO Bank of Japan may intervene to prevent further damage to their exports. May happen sooner rather than later. I wouldn't pay too much attention to other things, so far as Yen is concerned.
Martinghoul
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Well, if we look at how successful SNB interventions have been, I am not surprised that the BoJ is having cold feet.
B
Black Swan
GammaJammer
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Yeah but the MoF are at least a fair bit better at it (or, they were historically anyway - dunno how the current crop gonna fare).
Have a feeling we're gonna find out. It's not what I'd personally call disorderly yet (at least compared to 2003/4 and definitely not compared to 1995 once Sakakibara felt the need to wade in, but this morning certainly smelled a touch more of sharks circling.
As to where it bases though, if we've seen the base here I'd be stunned. R/R for shorts getting less attractive though imho so I'd be sidelined personally. Timing will be tough.
Just my $0.02
Have a feeling we're gonna find out. It's not what I'd personally call disorderly yet (at least compared to 2003/4 and definitely not compared to 1995 once Sakakibara felt the need to wade in, but this morning certainly smelled a touch more of sharks circling.
As to where it bases though, if we've seen the base here I'd be stunned. R/R for shorts getting less attractive though imho so I'd be sidelined personally. Timing will be tough.
Just my $0.02
the markets are pushing the BOJ here. This is a good old mexican stand-off. those funding in jpy are going to be seriously hurting.
**given what Noda said I can't see them stepping in just yet. there's more at work than meets the eye here. this is a squeeze, not a fundamental shift in my eyes.
**given what Noda said I can't see them stepping in just yet. there's more at work than meets the eye here. this is a squeeze, not a fundamental shift in my eyes.
B
Black Swan
Goddam, my signals have now told me to go long...happy days...
Goddam, my signals have now told me to go long...happy days...
My system as well (short tf)
Should I go to old fashioned bottom catching (low is not that far), or ignore it?
B
Black Swan
My system as well (short tf)
Should I go to old fashioned bottom catching (low is not that far), or ignore it?
Yep it triggered on my short term TF 'plays', filled at 83.90...might be simply paying for market info..then back short..we'll see, I just do as I'm *told*..
Yep it triggered on my short term TF 'plays', filled at 83.90...might be simply paying for market info..then back short..we'll see, I just do as I'm *told*..
I ignored the system (got enough pips from earlier short trades so I'll leave it at that)
Anyway system preference is long at the moment - it doesn't look that bad. If in long wouldn't like it to go below 83.80 and definitely not below 83.50
PS Don't want to be a killjoy, but I would have exited at 84.35.
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Maybe they've already started intervening without telling us.
BTW that's a really good avatar. Is that you?
