• Home
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • User/Email: Password:
  • 6:01pm
Menu
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • 6:01pm
Sister Sites
  • Energy EXCH
  • Crypto Craft
  • Forex Factory
  • Story Log
User Time Action Performed
  • Japan Top Currency Diplomat Kanda: Took Decisive Action In Forex Market

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

    — LiveSquawk (@LiveSquawk) September 22, 2022
Added at 4:22am
  • #JAPAN'S KANDA: HAVE INTERVENED IN FX MARKET - BBG
    *JAPAN'S KANDA: WILL MONITOR WITH HIGH SENSE OF URGENCY

    — Christophe Barraud (@C_Barraud) September 22, 2022
  • Comments
  • Comment
  • Subscribe
  • Comment #1
  • Quote
  • Sep 22, 2022 4:23am Sep 22, 2022 4:23am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2758 Comments
And what's that?? Buy Yen.
 
 
  • Comment #2
  • Quote
  • Sep 22, 2022 4:23am Sep 22, 2022 4:23am
  •  Guest
  • | IP XX.XXX.21.141
Bravo Yen
 
 
  • Comment #3
  • Quote
  • Sep 22, 2022 4:23am Sep 22, 2022 4:23am
  •  Guest
  • | IP XXX.XX.130.156
Way to go….
 
 
  • Comment #4
  • Quote
  • Sep 22, 2022 4:24am Sep 22, 2022 4:24am
  •  Guest
  • | IP XXXX:5664:9bb7
Don't take Japan for granted. They have been telling about intervention for many weeks.
 
3
  • Comment #5
  • Quote
  • Sep 22, 2022 4:25am Sep 22, 2022 4:25am
  •  Guest
  • | IP XXX.XXX.89.145
No everything has gone back to normal again
made so much profit from buy and sell
 
 
  • Comment #6
  • Quote
  • Sep 22, 2022 4:25am Sep 22, 2022 4:25am
  •  sada69
  • | Joined Jun 2014 | Status: Member | 7 Comments
Japanese government conducted intevention.
 
 
  • Comment #7
  • Quote
  • Sep 22, 2022 4:25am Sep 22, 2022 4:25am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 540 Comments
Ohh my!! CHFJPY.....broken markets or just central banks fist fighting???
 
 
  • Comment #8
  • Quote
  • Sep 22, 2022 4:26am Sep 22, 2022 4:26am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting Bakker
Disliked
And what's that?? Buy Yen.
Ignored
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.
 
2
  • Comment #9
  • Quote
  • Sep 22, 2022 4:27am Sep 22, 2022 4:27am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting chemosi
Disliked
Ohh my!! CHFJPY.....broken markets or just central banks fist fighting???
Ignored
Neither. BOJ and SNB are on the same side.
 
3
  • Comment #10
  • Quote
  • Sep 22, 2022 4:27am Sep 22, 2022 4:27am
  •  swagtrading
  • Joined May 2019 | Status: Member | 152 Comments
History of BOJ interventions:

Attached Image (click to enlarge)
Click to Enlarge

Name: 1.jpg
Size: 107 KB
 
4
  • Comment #11
  • Quote
  • Sep 22, 2022 4:28am Sep 22, 2022 4:28am
  •  sixth sense
  • | Joined Oct 2008 | Status: Member | 29 Comments | Online Now
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.
 
2
  • Comment #12
  • Quote
  • Sep 22, 2022 4:28am Sep 22, 2022 4:28am
  •  Guest
  • | IP XXX.XXX.234.46
Sell Yen, sell Yen!!
 
 
  • Comment #13
  • Quote
  • Sep 22, 2022 4:29am Sep 22, 2022 4:29am
  •  swagtrading
  • Joined May 2019 | Status: Member | 152 Comments
Quoting nbfx
Disliked
{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.
Ignored
SNB wants franc to fall vs EUR and not really the USD. Here BOJ wants Yen to rally against USD. Slight difference.
 
 
  • Comment #14
  • Quote
  • Sep 22, 2022 4:29am Sep 22, 2022 4:29am
  •  jordanvic
  • | Joined Jul 2020 | Status: Bro | 546 Comments
FX trading is the most fun job ever. never a dull week
 
1
  • Comment #15
  • Quote
  • Sep 22, 2022 4:31am Sep 22, 2022 4:31am
  •  Guest
  • | IP XXXX:5664:9bb7
Quoting sixth sense
Disliked
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.
Ignored
I am targeting 132.
 
 
  • Comment #16
  • Quote
  • Sep 22, 2022 4:31am Sep 22, 2022 4:31am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 540 Comments
Quoting nbfx
Disliked
{quote} Neither. BOJ and SNB are on the same side.
Ignored
600pips move might mean the opposite, maybe its just for today
 
1
  • Comment #17
  • Quote
  • Sep 22, 2022 4:33am Sep 22, 2022 4:33am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting chemosi
Disliked
{quote} 600pips move might mean the opposite, maybe its just for today
Ignored
BOJ are buying Yen and SNB are selling Francs
 
1
  • Comment #18
  • Quote
  • Sep 22, 2022 4:36am Sep 22, 2022 4:36am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting swagtrading
Disliked
{quote} SNB wants franc to fall vs EUR and not really the USD. Here BOJ wants Yen to rally against USD. Slight difference.
Ignored
The cross market effect remains the same regardless of the motivation.
 
 
  • Comment #19
  • Quote
  • Sep 22, 2022 4:39am Sep 22, 2022 4:39am
  •  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.
 
 
  • Comment #20
  • Quote
  • Sep 22, 2022 4:41am Sep 22, 2022 4:41am
  •  mike79
  • | Joined Nov 2012 | Status: Member | 43 Comments
Usd jpy would dip lower to 139 I think
 
 
  • Comment #21
  • Quote
  • Sep 22, 2022 4:42am Sep 22, 2022 4:42am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 540 Comments
Quoting nbfx
Disliked
{quote} BOJ are buying Yen and SNB are selling Francs
Ignored
BOE will be a non event now. They should just cancel to next week
 
 
  • Comment #22
  • Quote
  • Sep 22, 2022 4:43am Sep 22, 2022 4:43am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2758 Comments
BOJ is hitting it hard. 142.79 was support before it give way.
 
 
  • Comment #23
  • Quote
  • Sep 22, 2022 4:44am Sep 22, 2022 4:44am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 540 Comments
CHFJPY, 700pips now.
I raise you 1000pips by the end of the day
 
 
  • Comment #24
  • Quote
  • Sep 22, 2022 4:44am Sep 22, 2022 4:44am
  •  Guest
  • | IP XXXX:8b57:3dd3
How lo my can they keep this up though?
 
 
  • Comment #25
  • Quote
  • Sep 22, 2022 4:48am Sep 22, 2022 4:48am
  •  BaliBoyz80
  • | Joined Mar 2020 | Status: Member | 604 Comments
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 ?
 
 
  • Comment #26
  • Quote
  • Sep 22, 2022 4:49am Sep 22, 2022 4:49am
  •  Guest
  • | IP XXXX:8b57:3dd3
Just looks like a new daily higher low to me
 
 
  • Comment #27
  • Quote
  • Sep 22, 2022 4:54am Sep 22, 2022 4:54am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 540 Comments
Quoting nbfx
Disliked
{quote} Neither. BOJ and SNB are on the same side.
Ignored
Looking at the stock market, i think your right. It went up!
Coordination...and collusion..
 
 
  • Comment #28
  • Quote
  • Sep 22, 2022 4:56am Sep 22, 2022 4:56am
  •  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.
 
 
  • Comment #29
  • Quote
  • Sep 22, 2022 4:57am Sep 22, 2022 4:57am
  •  Guest
  • | IP XXX.XXX.76.55
First ever time seeing this news about the Japan
 
 
  • Comment #30
  • Quote
  • Sep 22, 2022 4:57am Sep 22, 2022 4:57am
  •  Guest
  • | IP XX.XXX.21.141
Let’s see 130 next week
 
 
  • Comment #31
  • Quote
  • Sep 22, 2022 5:00am Sep 22, 2022 5:00am
  •  Guest
  • | IP XXXX:8b57:3dd3
Quoting Guest
Disliked
Let’s see 130 next week
Ignored
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.
 
 
  • Comment #32
  • Quote
  • Sep 22, 2022 5:02am Sep 22, 2022 5:02am
  •  Guest
  • | IP XXX.XXX.175.92
does this make market choppy
 
 
  • Comment #33
  • Quote
  • Sep 22, 2022 5:03am Sep 22, 2022 5:03am
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 569 Comments
Manipulation price. Market will rebound now
 
 
  • Comment #34
  • Quote
  • Sep 22, 2022 5:06am Sep 22, 2022 5:06am
  •  micmic
  • | Joined May 2010 | Status: The most persistent trader ever | 25 Comments
Interesting that SNB started selling CHF just one hour before BOJ started buying JPY. Everything was agreed between the two banks.
 
3
  • Comment #35
  • Quote
  • Edited 5:55am Sep 22, 2022 5:08am | Edited 5:55am
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 569 Comments
Yen is not so strong that USD/JPY can not fall 600 pips. Fill in blanks now start.
 
 
  • Comment #36
  • Quote
  • Sep 22, 2022 5:11am Sep 22, 2022 5:11am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
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
 
 
  • Comment #37
  • Quote
  • Sep 22, 2022 5:22am Sep 22, 2022 5:22am
  •  chemosi
  • | Joined Jan 2016 | Status: Member | 540 Comments
Quoting micmic
Disliked
Interesting that SNB started selling CHF just one hour before BOJ started buying JPY. Everything was agreed between the two banks.
Ignored
A damn collusion.
i take back all the energy of my above posts.
Nothing to see here...
 
 
  • Comment #38
  • Quote
  • Sep 22, 2022 5:56am Sep 22, 2022 5:56am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2758 Comments
Is this it? When can we expect next shot from BOJ?
 
 
  • Comment #39
  • Quote
  • Sep 22, 2022 6:23am Sep 22, 2022 6:23am
  •  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.
 
 
  • Comment #40
  • Quote
  • Sep 22, 2022 6:34am Sep 22, 2022 6:34am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Macro is Macro is Macro - Resistance is futile.

(Isn't that what the Borg always said in Star Trek?)
 
 
  • Comment #41
  • Quote
  • Sep 22, 2022 7:54am Sep 22, 2022 7:54am
  •  Exodus
  • Joined May 2012 | Status: checkout the weblink | 4720 Comments
Quoting Guest
Disliked
Sell Yen, sell Yen!!
Ignored
Wait.....

500 pips is typical for this type of intervention but the BoJ/Government may have a short-term target in mind
Carbon-Dioxide: the gas of life!
 
2
  • Comment #42
  • Quote
  • Sep 22, 2022 7:59am Sep 22, 2022 7:59am
  •  Exodus
  • Joined May 2012 | Status: checkout the weblink | 4720 Comments
Quoting chemosi
Disliked
CHFJPY, 700pips now. I raise you 1000pips by the end of the day
Ignored
Maybe bounce at 143.50 ... let us watch
Carbon-Dioxide: the gas of life!
 
1
  • Comment #43
  • Quote
  • Sep 22, 2022 8:00am Sep 22, 2022 8:00am
  •  Exodus
  • Joined May 2012 | Status: checkout the weblink | 4720 Comments
Quoting BaliBoyz80
Disliked
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 ?
Ignored
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%
Carbon-Dioxide: the gas of life!
 
 
  • Comment #44
  • Quote
  • Sep 22, 2022 8:05am Sep 22, 2022 8:05am
  •  nbfx
  • | Joined Oct 2010 | Status: Member | 1478 Comments
Quoting Exodus
Disliked
{quote} BoJ raised the rate to 0.50% at their last meeting. First time +ve for many years.
Ignored
The last time it was up there was 2008.
Attached Image (click to enlarge)
Click to Enlarge

Name: BOJ Rates.png
Size: 8 KB
 
1
  • Comment #45
  • Quote
  • Sep 22, 2022 8:08am Sep 22, 2022 8:08am
  •  Exodus
  • Joined May 2012 | Status: checkout the weblink | 4720 Comments
Quoting nbfx
Disliked
{quote} The last time it was up there was 2008.
Ignored
You are correct ... I am confused with the SNB who just raised their rate to +0.50%
Carbon-Dioxide: the gas of life!
 
 
  • Comment #46
  • Quote
  • Sep 22, 2022 8:26am Sep 22, 2022 8:26am
  •  Guest
  • | IP XX.XXX.21.141
Quoting Guest
Disliked
{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.
Ignored
Wait until 30th Sept when BoJ annouce the size
 
 
  • Comment #47
  • Quote
  • Sep 22, 2022 11:37am Sep 22, 2022 11:37am
  •  goldenmike
  • | Joined Apr 2020 | Status: Member | 78 Comments
manipulation ;-) 700 pips drop UJ Volatilty is king
 
 
  • Comment #48
  • Quote
  • Sep 22, 2022 11:53am Sep 22, 2022 11:53am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 2758 Comments
I also don't understand the rationale behind SNB's move.
 
 
  • Comment #49
  • Quote
  • Sep 22, 2022 12:16pm Sep 22, 2022 12:16pm
  •  Exodus
  • Joined May 2012 | Status: checkout the weblink | 4720 Comments
Quoting Bakker
Disliked
I also don't understand the rationale behind SNB's move.
Ignored
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 ....?
Carbon-Dioxide: the gas of life!
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.72.182
Join MM
    • Older Stories  
    Inflation-fighting BoE readies another big rate hike

    From brecorder.com|Sep 22, 2022

    The Bank of England faces another big interest rate hike later Thursday to fight soaring inflation, even if it worsens a cost-of-living crisis that the UK government is seeking to ...

    Introductory remarks by Thomas Jordan

    From snb.ch|Sep 22, 2022

    Ladies and gentlemen It is my pleasure to welcome you to the news conference of the Swiss National Bank. Our news conferences will now be held after every monetary policy ...

    Swiss National Bank tightens monetary policy further and raises SNB policy rate to 0.5%

    From snb.ch|Sep 22, 2022|20 comments

    The SNB is tightening its monetary policy further and is raising the SNB policy rate by 0.75 percentage points to 0.5%. In doing so, it is countering the renewed rise in ...

    •   Newer Stories
    Iron ore rebounds on rising China steel output, stimulus hopes

    From channelnewsasia.com|Sep 22, 2022

    Iron ore futures rebounded from two-week lows on Thursday, bolstered by rising steel output in top producer China and expectations of higher demand for the steelmaking ingredient ...

    Japan Fin Min Suzuki: FX intervention having intended effects so far

    From @DeItaone|Sep 22, 2022

    tweet at 5:42am: JAPAN FINMIN SUZUKI: FX INTERVENTION HAVING INTENDED EFFECTS SO FAR tweet at 5:45am: JAPAN FINMIN SUZUKI: SHARE VIEW WITH BOJ THAT RAPID YEN WEAKNESS MAKES IT DIFFICULT FOR BUSINESS PLANNING #News #Forex #JAPAN #BOJ #YEN tweet at 5:48am: Japan Finance Minister Suzuki: Won't Comment on Size of Intervention. Decline to Comment on Other Nations' Reactions

    Japan MoF Kanda: The size of the FX intervention is normally announced at the end of the month

    From @financialjuice|Sep 22, 2022|6 comments

    tweet at 5:57am: JAPAN MOF KANDA: THE SIZE OF THE FX INTERVENTION IS NORMALLY ANNOUNCED AT THE END OF THE MONTH, SO SEPTEMBER 30TH FOR THIS ONE. tweet at 5:58am: JAPAN MOF KANDA: INTERVENTION ISN'T TARGETING A CERTAIN LEVEL. tweet at 5:58am: JAPAN MOF KANDA: THERE ARE NO PLANS TO SWITCH TO A FIXED-RATE MARKET. tweet at 5:58am: JAPAN'S MOF KANDA: CAN'T COMMENT ON THE SIZE OF THE INTERVENTION AS IT COULD RISE. tweet at 5:59am: JAPAN MOF' KANDA: WE WILL INTERVENE IF THE MARKET MECHANISM IS NOT FUNCTIONING NORMALLY.

  • More
  • Story Stats
  • Posted: Sep 22, 2022 4:21am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 49  /  Views: 11,969
  • Related Stories

    Japan FX Diplomat Kanda: There May Be Cases Where We May Conduct Stealth Intervention
    From @Capital_Hungry|Sep 22, 2022|9 comments
    Japan MoF Kanda: The size of the FX intervention is normally announced at the end of the month
    From @financialjuice|Sep 22, 2022|6 comments
    ECB says it has not intervened currency market, denying concerted intervention with Japan - Kyodo...
    From @DeItaone|Sep 22, 2022|2 comments
  • More
Top of Page Default Page
  • Facebook
  • Twitter
About MM
  • Mission
  • Products
  • User Guide
  • Blog
  • Contact
MM Products
  • Forums
  • Calendar
  • News
  • Market
MM Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow MM
  • Facebook
  • Twitter

MM Sister Sites:

  • Energy EXCH
  • Crypto Craft
  • Forex Factory

Metals Mine™ is a brand of Fair Economy, Inc.

Terms of Service / ©2023