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  • Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

Added at 4:22am

And what's that?? Buy Yen.
  •  Guest
  • | IP XX.XXX.21.141
Bravo Yen
  •  Guest
  • | IP XXX.XX.130.156
Way to go….
  •  Guest
  • | IP XXXX:5664:9bb7
Don't take Japan for granted. They have been telling about intervention for many weeks.
  •  Guest
  • | IP XXX.XXX.89.145
No everything has gone back to normal again
made so much profit from buy and sell
Japanese government conducted intevention.
Ohh my!! CHFJPY.....broken markets or just central banks fist fighting???
Quoting Bakker
And what's that?? Buy Yen.
Well it looks like we've got two Central Banks at work in the market this morning, BOJ who want their currency stronger, and SNB who want to take some heat out of the Franc's recent rises.
Quoting chemosi
Ohh my!! CHFJPY.....broken markets or just central banks fist fighting???
Neither. BOJ and SNB are on the same side.
History of BOJ interventions:

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What happened in 1998 two months after the BOJ intervened? Wow....I'd better holding U/J short cuz we might see 120 again in two months...lol.

You know what they say? The bigger she climbs, the harder she falls. I can't wait to see all the big institutions start to unwind and send U/J down to 110 in a day.
  •  Guest
  • | IP XXX.XXX.234.46
Sell Yen, sell Yen!!
Quoting nbfx
{quote} Well it looks like we've got two Central Banks at work in the market this morning, BOJ who want their currency stronger, and SNB who want to take some heat out of the Franc's recent rises.
SNB wants franc to fall vs EUR and not really the USD. Here BOJ wants Yen to rally against USD. Slight difference.
FX trading is the most fun job ever. never a dull week
  •  Guest
  • | IP XXXX:5664:9bb7
Quoting sixth sense
What happened in 1998 two months after the BOJ intervened? Wow....I'd better holding U/J short cuz we might see 120 again in two months...lol. You know what they say? The bigger she climbs, the harder she falls. I can't wait to see all the big institutions start to unwind and send U/J down to 110 in a day.
I am targeting 132.
Quoting nbfx
{quote} Neither. BOJ and SNB are on the same side.
600pips move might mean the opposite, maybe its just for today
Quoting chemosi
{quote} 600pips move might mean the opposite, maybe its just for today
BOJ are buying Yen and SNB are selling Francs
Quoting swagtrading
{quote} SNB wants franc to fall vs EUR and not really the USD. Here BOJ wants Yen to rally against USD. Slight difference.
The cross market effect remains the same regardless of the motivation.
  •  Guest
  • | IP XXXX:86ca:aa28
Where is all who said 147 usd/jpy what about 142 burn burn burn.. good luck with your longs at least now.
Usd jpy would dip lower to 139 I think
Quoting nbfx
{quote} BOJ are buying Yen and SNB are selling Francs
BOE will be a non event now. They should just cancel to next week
BOJ is hitting it hard. 142.79 was support before it give way.
CHFJPY, 700pips now.
I raise you 1000pips by the end of the day
  •  Guest
  • | IP XXXX:8b57:3dd3
How lo my can they keep this up though?
I prefer look for buy usd, bcs they real action in economy way, not intervene with this way ( currency exchange ). Boj never risa the rate, but always intevene like this, how long they can intervene without good solution in economy way ?
  •  Guest
  • | IP XXXX:8b57:3dd3
Just looks like a new daily higher low to me
Quoting nbfx
{quote} Neither. BOJ and SNB are on the same side.
Looking at the stock market, i think your right. It went up!
Coordination...and collusion..
  •  Guest
  • | IP XXXX:8b57:3dd3
And right before the h4 close uj makes a 130 pip wick to the downside. Intervention does not beat true economic activity. And there is nothing fundamentally nor technically backing UJ shorts and a bullish yen. They can only intervene for so long.
  •  Guest
  • | IP XXX.XXX.76.55
First ever time seeing this news about the Japan
  •  Guest
  • | IP XX.XXX.21.141
Let’s see 130 next week
  •  Guest
  • | IP XXXX:8b57:3dd3
Quoting Guest
Let’s see 130 next week
Not going to happen. Trend will continue back bullish and no doubt there will be a huge weekly wick to the downside to confirm. They can only intervene for so long. It’s not a trend change.
  •  Guest
  • | IP XXX.XXX.175.92
does this make market choppy
Manipulation price. Market will rebound now
Interesting that SNB started selling CHF just one hour before BOJ started buying JPY. Everything was agreed between the two banks.
  • Post #35
  • Quote
  • Edited at 5:55am Sep 22, 2022 5:08am | Edited at 5:55am
Yen is not so strong that USD/JPY can not fall 600 pips. Fill in blanks now start.
Well that's quite a bit of money moved around, but the fundamentals will always win over in the end! Japan still has a negative rate they have no plans to change and just about everyone else is increasing their rates and indicating a willingness to continue doing that. SNB will still continue to grapple with the problem they've been trying to address for a decade i.e. a strong Franc.

Plus ça change, plus c'est la même chose
Quoting micmic
Interesting that SNB started selling CHF just one hour before BOJ started buying JPY. Everything was agreed between the two banks.
A damn collusion.
i take back all the energy of my above posts.
Nothing to see here...
Is this it? When can we expect next shot from BOJ?
  •  Guest
  • | IP XXXX:29d8:16c3
I see a lot of eople forgoten that the jpy is savehaven curency. Forgoten what the jpy doing if the world economy broke.
Macro is Macro is Macro - Resistance is futile.

(Isn't that what the Borg always said in Star Trek?)
Quoting Guest
Sell Yen, sell Yen!!
Wait.....

500 pips is typical for this type of intervention but the BoJ/Government may have a short-term target in mind
Quoting chemosi
CHFJPY, 700pips now. I raise you 1000pips by the end of the day
Maybe bounce at 143.50 ... let us watch
Quoting BaliBoyz80
I prefer look for buy usd, bcs they real action in economy way, not intervene with this way ( currency exchange ). Boj never risa the rate, but always intevene like this, how long they can intervene without good solution in economy way ?
BoJ raised the rate to 0.50% at their last meeting. First time +ve for many years.

Oops.... I just looked and seems the rate is still -0.1%
Quoting Exodus
{quote} BoJ raised the rate to 0.50% at their last meeting. First time +ve for many years.
The last time it was up there was 2008.
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Quoting nbfx
{quote} The last time it was up there was 2008.
You are correct ... I am confused with the SNB who just raised their rate to +0.50%
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  • | IP XX.XXX.21.141
Quoting Guest
{quote} Not going to happen. Trend will continue back bullish and no doubt there will be a huge weekly wick to the downside to confirm. They can only intervene for so long. It’s not a trend change.
Wait until 30th Sept when BoJ annouce the size
manipulation ;-) 700 pips drop UJ Volatilty is king
I also don't understand the rationale behind SNB's move.
Quoting Bakker
I also don't understand the rationale behind SNB's move.
Their CPI was surprisingly higher at the beginning of the month, also their unemployment rate reduced by 0.1% recently .. so maybe they are trying to be ahead of the game.

However the Swiss don't seem to be suffering currency outflows so ....?
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  • Story Stats
  • Posted: Sep 22, 2022 4:21am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 49  /  Views: 11,016

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