kennynah wrote: usd/jpy is now 85.84
Ha Ha ... now at 85.84
I'm saying that it can crash through 80 easily ...
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JPY 01 (May 08 - Oct 11)
Re: Japanese Yen
by winston » Sun Sep 19, 2010 6:43 pm
Ha Ha ... now at 85.84
I'm saying that it can crash through 80 easily ...
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japanese Yen
by kennynah » Sun Sep 19, 2010 6:48 pm
dont blur me leh.... now, i get it.... 
for USD/JPY to crash through 80...it will mean that jpy/usd will be at 0.0125
this is even higher than it's recent high of 0.012075
said differently, you are saying you expect Yen to recover all of last week's losses and gain some more ?
in short, you think JPY is poised to continue its rally and what happened last week was a kneejerk reaction of japanese government's fx intervention?
tio bo?
for USD/JPY to crash through 80...it will mean that jpy/usd will be at 0.0125
this is even higher than it's recent high of 0.012075
said differently, you are saying you expect Yen to recover all of last week's losses and gain some more ?
in short, you think JPY is poised to continue its rally and what happened last week was a kneejerk reaction of japanese government's fx intervention?
tio bo?
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Re: Japanese Yen
by winston » Sun Sep 19, 2010 6:53 pm
Yes, the vultures know that the Japanese government dont have unlimited resources and is going solo on this one.
So when they decide to whack the Japanese, it will go through 0.80 easily.
How about 78 as the first stop ?
So when they decide to whack the Japanese, it will go through 0.80 easily.
How about 78 as the first stop ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japanese Yen
by iam802 » Sun Sep 19, 2010 6:54 pm
Why not flip the question?
What is needed for USD to go up...such that JPY can go down?
What is needed for USD to go up...such that JPY can go down?
1. Always wait for the setup. NO SETUP; NO TRADE
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Japanese Yen
by kennynah » Sun Sep 19, 2010 6:54 pm
noted your bullish view on JPY... thanks..
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Re: Japanese Yen
by winston » Sun Sep 19, 2010 7:05 pm
iam802 wrote: What is needed for USD to go up...such that JPY can go down?
The rate of exchange used to be determined by trade.
However, in this case, it's purely due to speculation.
If you are a currency trader, would you be betting that the Yen will go up or down, especially when it went down last week, due to some intervention by the Japanese government ?
Dont forget that the Chinese would like to also kill two birds with one stone here:-
1) diversify their USD into something else
2) make life difficult for the Japanese exporters, even wiping them out if possible
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japanese Yen
by eauyong » Sun Sep 19, 2010 7:07 pm
winston wrote:Yes, the vultures know that the Japanese government dont have unlimited resources and is going solo on this one.
So when they decide to whack the Japanese, it will go through 0.80 easily.
How about 78 as the first stop ?
Maybe, just maybe, they are not going solo on this one but big brother and all the other angmo bros cannot say they are in it. Currency intervention is a no no.
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Re: Japanese Yen
by winston » Sun Sep 19, 2010 7:14 pm
Yes, that could be their silver bullet. When the vultures attack, the Fed and the ECB could play some games behind the scene. However, I'm sure the Chinese are waiting and waiting to strike as well...
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Japanese Yen
by kennynah » Sun Sep 19, 2010 9:58 pm
i have little doubt that Yen will bounce off this recent sell off.... my question is to what level will it cave downwards again....
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Re: Japanese Yen
by winston » Sun Sep 19, 2010 10:12 pm
88, 92 and 94 
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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