It's just so amazing that after all those actions last night, today, the pair barely moved a millimeter in the NA session. Hello! Calling for traders!! Is there a trader in the house?

USD/JPY Discussion

I will be careful. Thanks for the advices.

USD/JPY Discussion

As soon as there is any reversal signs, I am shorting. Whatever goes up must come down and the faster they went up, the faster they will fall. Law of Physics. When any Technical Analysis rules fail, law of Physics will always prevail.

USD/JPY Discussion

Well, any economists will tell you, Forex intervention never works. It becomes a wash in the long run because other factors like interest rates, purchasing power, inflation rate would eventually adjust for the change in the Forex rate ...

USD/JPY Discussion

85.00 Broken!!! This is not just another level broken; this is History in the making! See this is why I LOVE Forex Trading, you get to be part of History of the world. Tomorrow, this is going to be all over the news all around the world and you ...

USD/JPY Discussion

Yup! This is exciting!! It's like watching the New Year's ball drop in New York's Time Square!!!

USD/JPY Discussion

Well, if the market continues to move in this magnitude, I might consider upgrading my unit of measure although pips have more digits so it looks a lot better

USD/JPY Discussion

Looks like 85.00 is a resistance. Let's see if BoJ has enough ammunition to take out that target.

USD/JPY Discussion

That's super awesome!!! Volatility is what produces the pips!! Just make sure you set up tight stops, reverse and go with the flow quickly when the price goes the other way and it will be fine. We can't just let one intervention stop our trading; ...

USD/JPY Discussion

That's awesome! So we will know the future direction of Yen a bit!

USD/JPY Discussion

The question is what do they mean by "continue to provide ample liquidity to the financial markets"?

USD/JPY Discussion

This is what's supposedly the purpose of the intervention: "The Bank of Japan strongly expects that the action taken by the Ministry of Finance in the foreign exchange market will contribute to a stable foreign exchange rate formation. The Bank ...

USD/JPY Discussion

Exactly!! So I would wait until there is a clear reversal sign and then short.

USD/JPY Discussion

I think BoJ is selling JPY's but leaving USD's pretty much untouched. If they were buying USD's, all the other pairs involving USD's like EUR/USD or GBP/USD's would be affected too but they didn't move much if at all. Only the pairs involving JPY's ...

USD/JPY Discussion

Looks like it's still going up. I would wait until there are reversal signs and then short. If this is just a 1 time intervention deal, the price will eventually correct itself.

USD/JPY Discussion

What's with USD/JPY hiking up > 100 pips?! BoJ intervention?

USD/JPY Discussion

Arjfca, I agree. It's better to exchange your CDN to USD$ right now and just conduct all your transactions in USD$. Eventually, USD$ will be more expensive than CDN$ and you would've made a good investment. This is what most of Canadian traders do. ...

Protecting my Canadian account value

Me too. You know they really should shorten the list of countries of where a trader is from so traders from US won't have to scroll forever to reach the bottom of the list to pick "United States". Honestly, how many traders are from Benin?

CitiFX's Forex Survey

Assuming that those FX dealers are not run by any Tom Dick and Harry...

CitiFX's Forex Survey

Main reason that I trade Spot Forex and NOT Futures: 1. Easy to trade. I don't have to learn the complex pricing models, their pricing structures and their features like their expiration date of FX Futures 2. No systematic volatities like around ...

Trading forex futures - Why?