TOL:-
Why's the JPY so strong ?
Who's buying Japanese Goods & Services ?
And who wants to invest in Japan anyways ?
So is it strong because of the unwinding of carry-trades ?
If so, will those carry trades return in the future ? Borrow at 0% and then try to make 5% in the AUD, EUR or Commodities at high leverage ?
Why borrow in JPY when u can do it in USD ?
And if those carry-trades does not return, will we then have a new normal ie. a perpetually high JPY ?
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JPY 01 (May 08 - Oct 11)
Re: JPY
by winston » Mon Oct 24, 2011 11:28 am
yawn yawn ... what can u do ?
Japan Sounds Intervention Alarm on Strong Yen
TOKYO (Reuters) - Japan’s finance minister put traders on alert for possible currency intervention on Monday after the yen’s rise to a record high against the dollar threatens to further squeeze exporters' profits and hold back economic recovery.
http://www.newsmeat.com/news/meat.php?a ... &buid=3281
Japan Sounds Intervention Alarm on Strong Yen
TOKYO (Reuters) - Japan’s finance minister put traders on alert for possible currency intervention on Monday after the yen’s rise to a record high against the dollar threatens to further squeeze exporters' profits and hold back economic recovery.
http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: JPY
by profittaker » Mon Oct 24, 2011 2:01 pm
Japan is the only developed country that can continue to print money.
learning to swim. Welcome to comment on my Options trading journal
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Re: JPY
by winston » Mon Oct 24, 2011 3:32 pm
not vested
DJ MARKET TALK: BOJ Unlikely To Tolerate USD/JPY Under 76.00 - SocGen
0718 GMT [Dow Jones] The Bank of Japan is unlikely to tolerate USD/JPY under 76.00, says Societe Generale, even if the USD is generally weaker.
However, the bank says the Japanese authorities may wait until after the EU Summit on Oct. 26 before acting.
USD/JPY is now at 76.29, from Friday's all time low of 75.78.
Source: Dow Jones Newswire
DJ MARKET TALK: BOJ Unlikely To Tolerate USD/JPY Under 76.00 - SocGen
0718 GMT [Dow Jones] The Bank of Japan is unlikely to tolerate USD/JPY under 76.00, says Societe Generale, even if the USD is generally weaker.
However, the bank says the Japanese authorities may wait until after the EU Summit on Oct. 26 before acting.
USD/JPY is now at 76.29, from Friday's all time low of 75.78.
Source: Dow Jones Newswire
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Re: JPY
by kennynah » Mon Oct 24, 2011 8:47 pm
well...if dollar index continues to fall, as it has recently... 76 jpy is very real possibility...
unless come this wed, the market decides to buy dollar... i guess, japan is telling the world not to bet on jpy to rally whatever happens this wed...
and i think many traders have already given this pair a miss...when you look at the chart of usd/jpy... it looks just like Citibank's chart.... flatline...
unless come this wed, the market decides to buy dollar... i guess, japan is telling the world not to bet on jpy to rally whatever happens this wed...
and i think many traders have already given this pair a miss...when you look at the chart of usd/jpy... it looks just like Citibank's chart.... flatline...
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Re: JPY
by kennynah » Sat Oct 29, 2011 7:52 am
so much talk about japanese intervention if jpy reaches 76....
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Re: JPY
by winston » Sat Oct 29, 2011 8:14 am
TOL:-
How big is the pea-shooter of the Japanese ?
It's only about US$600b.
Do you think that US$600b is adequate when the daily currency turnover is US$4t ?
How big is the pea-shooter of the Japanese ?
It's only about US$600b.
Do you think that US$600b is adequate when the daily currency turnover is US$4t ?
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Re: JPY
by kennynah » Mon Oct 31, 2011 9:28 am
JPY just popped up SIGNIFICANTLY!! 
Last edited by kennynah on Mon Oct 31, 2011 9:33 am, edited 1 time in total.
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