Welcome to the updated TF Metals Report! We hope you enjoy the new experience.

We've changed payment processors, so any existing renewals will need to be re-subscribed after expiration. You will receive an email when this happens. If you have any questions, send a message through the Contact page.

Shorting USD/JPY After Intervention

2 posts / 0 new
Last post
#1 Thu, Aug 4, 2011 - 5:15am
SpreadBetter
Offline
Joined: Jun 15, 2011
6
1

Shorting USD/JPY After Intervention

Hi, as you may know there has been intervention in JPY as the USD/JPY was waterfalling off into oblivion. Apparently a good trade here is to wait for the rally and then take the other side so I'm wondering if anyone here is waiting to take a position and at what level?

How high is it likely to go? My chart shows already that it may be resisting on the 80 moving day average on daily chart which has held since end of April. Could it go up to 200 mda @ ~81.50?

I'd really welcome some experienced thoughts on this trade.

Thank you for any input.

Edited by: SpreadBetter on Nov 8, 2014 - 5:15am
Mon, Aug 8, 2011 - 10:06pm
Captain Benny
Offline
Joined: Jun 15, 2011
127
487

WARNING: Further intervention imminent

The USD/JPY pair is already back to the last intervention level! The intervention didn't even last a full week this time. The G7 stated that they'll do anything it takes to keep a "stable" market so that means they're manipulate currencies aggressively. Expect the Japanese to buy lots of dollars in yet another failed attempt at propping up the USD/JPY...

We're witnessing history guys... this is the downfall of an entire empire. Most people live their whole life as a slave to the empire they were born into, we're seeing the downfall of the WESTERN ECONOMIC EMPIRE (yes I include China in this empire, they're part of it for 20 years now).

Notice: If you do not see your new comment immediately, do not be alarmed. We are currently refreshing new comments approximately every 2 minutes to better manage performance while working on other issues. Thank you for your patience.

Become a gold member and subscribe to Turd's Vault

Contribute

Donate  Shop

The TFMR Silver Round
Buying Gold

Recent Comments

by Blackwatersailor, 11 min 33 sec ago
by Turd Ferguson, 13 min 18 sec ago
by Lemming, 16 min 12 sec ago
by Turd Ferguson, 20 min 28 sec ago
randomness