More Yen intervention currently underway, though it does not appear to be making much of a dent. Still holding well above 161

One thing I learned from my losses: never trust these headline-driven moves. I watched the Satsuki Katayama interview and BOJ comments, and that's enough for me. I won't be touching the JPY buy or sell button around this stuff ever again.

BoJ will not stop until 150 or lower.

Nikkei at all time highs. Either you have to hit hard with this intervention or you need to stop buying JGB which is only suppressing yen anyways. Let's see how it plays out. We can see that 162 they're trying to defend any type of encroachment at that area. Last time intervention hit around that level UJ hit exactly 161.950 before it eventually hit a low of 139.579. It took it 3 months to make that move.

Forex is not my forte. But I have been around, traded through, and closely watched prior intervention events.

This price action does NOT scream "intervention" nor does it suggest "intervention continued" in the prior sense of the word. It could have been the BOJ propping things up a little, but in the past, we would have seen 4x+ the move and 10x the volume.

Personally, I am more inclined to believe that the markets are moving on the "risk" of intervention due to a discussion between Bessent and Katayama than I would actual BOJ yen buying.

If it is intervention by BOJ, you can be sure of one thing: the move is not over. Price action suggests this was 'testing the waters' and any 'big' event is on the horizon. That certainly wasn't enough to scare anyone out of positions.

Plus, now, everyone will have moved their short-term SLs to adjust for the levels just reached. Any breach of those levels (whether short the USD/JPY spot or long the /6J) will trigger the SLs and, in theory, give the BOJ momentum in their desired direction should an actual intervention finally occur.

April's intervention saw 624k /6j contracts traded and a 0.000209 range.
July 2024 saw 400k contracts and a 0.000172 range.
Today's move volume is 255k with a 0.000037 range. The day is not over, so volumes can still tick up, but that range certainly suggests 2-sided action vs. sizable, unidirectional (intervention) movement.

But, then again, we'll just have to wait and see. As a holder of /6j in anticipation of at least a move to 6/15 highs on any real intervention, I'm certainly not impressed if that was "it".

BoJ is providing liquidity.

no one is going to take it seriously until one giant and single fx suplex from 161 to say 150..borrow from the chf intervention of january 2015 swiss and do it gangnam style

Will they continue, İ want to join them

This is just begenning of bigger one..

how the fuck is some dudes twitter with a chart screenshot news??

when r we gonna get the real intervention? wtf is this? "sighs*

why is NQ falling so hard, any news?

If they want real impact. Japan must sell usa bonds heavily.

Lovely

bye bye fake pumped nasdaq

is this affecting all the fx pairs with USD?

Does this have any impact on the Xauusd market?

it will bounced back to 162

xausdt buy or sell?

between usd and jpy intrest diffrene is high

No Bold No money remaining

usdjpy going up hella

Slow, small yen intervention wastes funds, and the market will bounce back rapidly.

None of the interventions are making a dent lol. They're going to go broke "intervening" .

lol this is all nonsense 24/7

150

the one that posted the news is in buy =))

online addict, you right they cant afford to stop, the whales start to cash in thier hedges then they let it go, so may take some time to unwind, then the hammer. just my opinion..

does anybody have any idea about Iran?

oh they are doing the dump and pump as usual again

Its not an intervention, its just some profit taking going but it would be wise if BOJ press in this time period. Should be juicy.

WEAK

Why eurjpy goes down suddenly

xau usd sell for quick scalp

UJ is only down 1/4 pct and you're screaming intervention?