Japan QE and FX trading

New highs on AUD/JPY. Or Lows on JPY/AUD if you want. Still looking for this "rise" you were talking about. Is it on hold indefinitely?
 
Tsing Tao said:
New highs on AUD/JPY. Or Lows on JPY/AUD if you want. Still looking for this "rise" you were talking about. Is it on hold indefinitely?
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I told you there's a commodity currencies rally. So yes the rise is on hold until the rally fades.

There's going to be no action for today because it is another no news day. There should be some movement tomorrow. The bankers are sitting idle for 3 days this week. There's very high probability they will make up for the lost time tomorrow. Friday is always a special time.

JPY/GBP has already pointed the way.
 
Tsing Tao said:
What's awesome about this discussion is the fact that you're so in tuned with the bankers intentions. That's impressive.
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Yes of course. I am keeping these bankers on a leash. Whichever direction they intend to bolt, I will be sure to hang on to the leash. It's not that impressive once you get the hang of it. These bankers have a nose for money. It would be wise to let them sniff out the money for you. Hmmm, lets change the subject, too many people hanging on to the bankers would be a drag on profits.
 
volpunter said:
why do you not quote according to market conventions? It is EURJPY not JPYEUR
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My previous explanation is that this is a JPY thread, therefore the denomination/base is JPY. I started off with that convention and continuing with it to maintain consistency.
 
hmm, ok. Maybe that is the only way the average soul on this website can follow...very well then...;-)


ExperiencedJoe said:
My previous explanation is that this is a JPY thread, therefore the denomination/base is JPY. I started off with that convention and continuing with it to maintain consistency.
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