for FX traders am I correct in thinking this

[Martinghoul]

Technically speaking, in Japan, the interventions are most commonly performed by the MoF, rather than the BoJ. Given the argument, it's a relatively significant distinction.

Point is that the government's (I include the CB) control of its currency is essential. This has been demonstrated amply by the recent European mess. Whether the government then chooses to abuse this ability or not is up to them. Furthermore, one man's abuse is another man's desperate times/desperate measures sorta thing.

 

[contra]

Technically speaking, in Japan, the interventions are most commonly performed by the MoF, rather than the BoJ. Given the argument, it's a relatively significant distinction.

Yes it was Noda back then speaking for MoF correct? My bad. I didn't mean to get into interventions though, not part of my original thoughts. I was just talking about central bankers.

 

[Maverick74]

Marty there was a question earlier about banks going after the price levels on exotics like digital options getting them to trigger. How much of that still goes on today?

 

[contra]

Marty there was a question earlier about banks going after the price levels on exotics like digital options getting them to trigger. How much of that still goes on today?

Yeah that was my question to Mav and the guys in this thread originally. I stated I'm pretty damn certain retail level stops no one cares about (to the OP) and my intention was never to argue, these guys have way more knowledge than myself about markets.

I'm posting to learn some. I haven't posted here in many moons, but I occasional browse and came across this thread.

 

[Martinghoul]

Marty there was a question earlier about banks going after the price levels on exotics like digital options getting them to trigger. How much of that still goes on today?

Very little, if any... That's my impression in FX and rates. The costs (e.g. jail terms) associated with these "strategies" have increased such that they don't make sense risk/reward-wise. Banks are agency brokers these days in a whole lot of products, including FX.

 

[contra]

Nice... gone are the days. Thanks for the input Martinghoul.