USD/JPY

[Stormin_Norman]

Re: USDJPY

If it doesn't hit 10910 to 10920 area by the end of March , I've blown an option . Can't win them all hey ..........

who do u option through? i want to do some option trades.

OandA have this boxoption thing; but i think its a barstardised version of a real option and dont trust it until i get more then the basic information about it.

 

[ithatheekret]

Re: USDJPY

Mine are through a brokerage Norm . ( full service )

 

[Kauri]

Re: USDJPY

purportedly a defence of 103 going on... with stops clustered below... if she takes it out it may lead to a bit of a drop??
Cheers
.........Kauri

 

[Stormin_Norman]

Re: USDJPY

Mine are through a brokerage Norm . ( full service )

one day ill have enough funds to use one of them. ahh the joy.

ive taken a short position on the USDJPY 103.10 to cover my long on the AUDJPY @ 95.95. fingers crossed wall street isnt feeling excited on a monday morning. if they get to 1R ill move my SL to 0R and buy AUD/USD for the announcement tomorrow.

 

[Kauri]

Re: USDJPY

a lot of intreday shorts covering.. also recent shorts with tight stops above the last intraday peak of 20 have been caught... overalls are still favouring dropping... with intrday players looking to reset short on strength... I thunk..
Cheers
...........Kauri

 

[Kauri]

Re: USDJPY

strong bids under 103 in increments all the way to 102... maybe the Japanese Postal has delivered itself some mail from the Diet...
Cheers
..........Kauri

 

[Kauri]

Re: USDJPY

If the touted intervention/support of the Yen is going to happen I guess that the current low is about where it would start... must be a mob of stops/defences around here too... if she breaks through though I imagine the resulting fall would be dramatic... maybe... I thunk...
Cheers
.........Kauri

 

[ithatheekret]

Re: USDJPY

Reserve currency or what

There's a fundamental theory on the Yen being 96 on a reserve currency basis ........ new plunge team head coming up for sure

 

[BentRod]

Re: USDJPY

Do you guys ever trade the spikes during intervention?

 

[ithatheekret]

Re: USDJPY

Yes and sometimes .........


Floors and ceilings with a touch of fundamentals , lots of inuendo and gossip and especially when the vac is drag out

 

[onemore]

Re: USDJPY

Ithatheekret,
I like that name! I say it with a lisp.

 

[Kauri]

Re: USDJPY

The sharp slide in consumer confidence has triggered fresh waves of USD selling sending USD/JPY plummeting to 99.71 and fresh lows for this current trend. Barrier options at 99.50 will now be targeted with stops eyed below. The DJIA is collapsing, down 276 pts and the US bond yields have gone into freefall with the yield now at 3.376% on the ten-yr bond compared to 3.52% overnight. Further option defense is eyed at 99.00 on USD/JPY with a huge crisis of confidence now hurting the USD and USD-based assets.
Bears-45%...
Time for GW's easter egg soon methunks...

Incidentally, isn't Japan hosting the G..6,7,8,9,10..whatever this year?? and with them lampooning and having a whale of a time blubbering over China protecting thier currency wouldn't it be awkwaard for them to intervene in thier own??
Cheers
.........Kauri

 

[ithatheekret]

Re: USDJPY

Reserve currency or what

There's a fundamental theory on the Yen being 96 on a reserve currency basis ........ new plunge team head coming up for sure

Cwaaar , there's 96 in view and I saved my bacon on a stuuuupid 109 option with a 101. - 96.98 trade .

Can get drunk for a week now and not be bothered by the commotion it causes

 

[Kauri]

Re: USDJPY

the only thing supporting the Yen is the fear of intervention.... I would think that with the forces seen massing behind the stockade at 95 it will not be long before the punters take a crack at it... intervention threat or not...
Cheers
..........Kauri

 

[Kauri]

Re: USDJPY

one to keep a lazy eye on..
Cheers
..........Kauri

 

[Kauri]

Re: USDJPY

one to keep a lazy eye on..
Cheers
..........Kauri

Am treading carefully here... and with GBP crosses as well... an unsourced story around the traps of a UK bank having problems... true or not doesn't matter, it's the affect I watch out for....
Cheers
...........Kauri

all I can find out so far..
the 13th largest Spanish homebuilder failing to make payments on its debts today and with downgrades for German bank Dresdner today by Fitch and S&P.

 

[Kauri]

Re: USDJPY

Am treading carefully here... and with GBP crosses as well... an unsourced story around the traps of a UK bank having problems... true or not doesn't matter, it's the affect I watch out for....
Cheers
...........Kauri

all I can find out so far..
the 13th largest Spanish homebuilder failing to make payments on its debts today and with downgrades for German bank Dresdner today by Fitch and S&P.

Have gone short the Yen... carefully.. don't trust these rallies of relief on Wall St... and also a large Asian CB is in the market selling US. a depegging coming up maybe??.. and from the Times...
http://business.timesonline.co.uk/tol/business/economics/article3578467.ece

..
Cheers
.........Kauri

 

[ithatheekret]

Re: USDJPY

Well with 96 on the boards , there's not much stopping it from getting pushed into 95 with an unwinding in carry trades , might take a few weeks , but at present the BoJ looks dormant , not in hybernation though ...........

The BoJ will have to cut somehow , sounds quite delusional I know with the current rate , but the US will go to 1% and the USD will weaken further ....... and there will be more writedowns , it's going to be amazing to see just what the BoJ manages to do . But I have noted a myriad of Japanese analysts spruiking that oil has not yet got back to fundamentals , which they claim to be well under $100 . I know oil will dip below $100 as positions are unwound , but that will only create oversold conditions which will draw funds from investors like a magnet .

If that is the case , it has me wondering just how long the Yen can maintain strength .......... unless the basket currency motions on oil eventuate or a load of pegs fall off the line .

 

[Kauri]

Re: USDJPY

Too early yet... but a flag just may be unfurling.. on the 5min..
Cheers
............Kauri

 

[Kauri]

Re: USDJPY

Too early yet... but a flag just may be unfurling.. on the 5min..
Cheers
............Kauri

Running up the pole... a bunch of stops touted at around 10080 which the Noram's may target..

Cheers
...........Kauri