short the eur/jpy @ 142.40

total madness, 118 the level...

can't believe the just announced Sony bond sale for JPY80bio ($700mio) is attracting so much interest as to prop up the yen like THAT!?????????
 
i don't think that has swayed the market much at all.

read the thing about big usd/jpy options at 107? i wouldn't trade on that, but it's interesting (funny).
 
Quote from aestreux:

sorry for the vagueness but i would consider this kind of action as "unwinding" from the various events and price movements that have recently led to higher movement during the last week for the usd/jpy and eur/usd.

all asian markets are being reflected in the yen.
More...
nothing unlikely of course, after all JPY did plunge from 121 to 114 in a matter of a few days at year-end, but what an impeccable timing mate, and what a fantastically timed post out of not so many since u registered... anything else u'd like to share with us? :-))))

as for reflecting asian mkts, morgan stanley's not totally uninfluential and their call this aft is to reduce pozzies of JP & other asian equities... where does the money go??
 
this target has been hit, but i'm holding- but i will cover on any strength, then short again.

i'm going to try to post trades when the indicators that i've been following warrant a change in direction.
 
i would take profits at first signs of consolidation but some key levels have been broken, which points down, and it's going down pretty fast right now! if you want to trade, cover soon, or just hold until low 140s for eur/jpy.
 
my weakness, i dont trade sthg i don't understand... but good on u ;-) ! now, i don't believe for a second that this was just fluke... what else wldn't u mind sharing?
 
hi mate... what usdjpy 107 options article? cldn't find anything on bloomberg... shld i look up thomson fin?? did s.o buy/sell jumbo size 107 strike options like, 2 hrs ago?? (and bot jpy across the board to cover?)
 
it was around 2 hours ago, i happen to glimpse the news on 4cast

Mon Feb 6 23:37:00 2006(EST)

* 07 Feb 06: 04:37(SGA) - FX NOW! USD/JPY, EUR/USD Flows - Talks huge 1-year 107/107.50 USD/JPY strikes (OPTIONS)

USD/JPY dipped to day lows of 118.84 given from 119.05-10 level, hearing talks of options related selling out of Tokyo, with market rumours of a large 1-year options dealt by large Japanese lifers, with large notional value and strikes around 107.00/ 107.50 handle. Not surprised to hear Japanese lifers and trust banks and exporters selling USD/JPY at such levels above 119 and just below key 120.00 handle. Bids around 118.70-80 again, with more at 118.50, though some stoploss below 118.70. WL
 
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