$/Yen...

Nice break in $/Yen. 107.00 or therebouts should be strong resistence now. Low risk short entry here against 107.20 or so...Best. Neal.
 
Quote from trade-ya1:

My guess is that IB is showing the actual Globex (?) electronic market session. Refco is probably running an internal system as they are market participants as well. My guess is that when you get filled through Refco the other side of the trade is Refco. When you get filled through IB, it is the actual electronic market that is filling you. I'm not too sure about these issues however, I mostly trade the spot and futures utilizing EFPs (Exchange for physical).
More...



you are correct. refco and the other 'dealers' pretty much call the shots and make their own markets. i have run these feeds side by side and was dismayed at the differences in quotes.

best,

surfer:)
 
That looked like about 4x as much yen sold as the previous couple interventions.

Why does IB have to shut down at midnight grrr . . . :)
 
Illiquid, how can you tell how much Yen was sold? It certainly looks like this intervention is having much more impact. My call is $/Yen @ 105 tommorrow afternoon, after this intervention fails miserably once again.
 
I haven't a clue to the actual amount, was just looking at the difference in change. I wonder how fast the market can push it back to 106 again.
 
Quote from trade-ya1:

Don't blink, that fast!
More...

Beautiful ... anyone who doesn't like intervention doesn't know how to trade. :p

Actually now that MOF has most publicly expended some bullets, I would think the path to 105 and beyond would be that much less perilous.
 
You must log in or register to reply here.
Back
Top