Selloff of the Yen? Intervention? Any news

tradingjournals · Aug 26, 2010

Yen related pairs are moving fast. I predicted an intervention to that place tonight or tomorrow. Any news?

ASusilovic · Aug 27, 2010

強い買物

...

tradingjournals · Aug 27, 2010

I read your post in the other thread. The price moved before the news!

Part of trading is to read minds of governments. I think I know a bit about how the Japanese mind works--- that is how I anticipated their action earlier today as per my post on the other thread.

peilthetraveler · Aug 27, 2010

Japan is basically saying "Hey...you assholes keep buying our Yen, and we will just start printing more of it"

atticus · Aug 29, 2010

Long from 85.28 this afternoon on the news on Monday JCB meeting (Oanda 85.18x28 market).

JamesL · Aug 29, 2010

Quote from atticus:

Long from 85.28 this afternoon on the news on Monday JCB meeting (Oanda 85.18x28 market).

That's the Oanda-widened-10-pips-because-its-the-weekend spread you are dealing with.

Debaser82 · Aug 29, 2010

They should pump it up to parity with the USD and buy the world.

tradingjournals · Aug 29, 2010

Pair is back down to 85.45. I am buying again. Wish me well

tradingjournals · Aug 29, 2010

Quote from tradingjournals:

Pair is back down to 85.45. I am buying again. Wish me well

I got out at 85.60 area (where it is now).

atticus · Aug 29, 2010

Quote from JamesL:

That's the Oanda-widened-10-pips-because-its-the-weekend spread you are dealing with.

I realize. My point was that it did not reflect the news, even with the wide market.