DislikedYou have just received your wish, atm I am reading your message, GJ up stronger.Ignored
I hope they both close over those values for further GJ action towards north
247.29 is the key resistance for GJ...
*they seem to be*
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DislikedYou have just received your wish, atm I am reading your message, GJ up stronger.Ignored
Dislikedyour post is right..
but, g/j start up of 238.~ and now 247.~ its 900 pip.
do you think not back to down and go to up ....Ignored
DislikedYou have just received your wish, atm I am reading your message, GJ up stronger.Ignored
DislikedJapanese retail and institutional investors' money will be still coming in...
6/25 Sumitomo Trust Asset Management 100B Yen
6/28 Fidelity Japan 300B Yen
By the way, either the 26th (usually 25th) or the 28th of this month should be a bonus day for most Japanese salaried workers. Now their wives will get the financial source for trading.Ignored
DislikedJapanese retail and institutional investors' money will be still coming in...
6/25 Sumitomo Trust Asset Management 100B Yen
6/28 Fidelity Japan 300B Yen
By the way, either the 26th (usually 25th) or the 28th of this month should be a bonus day for most Japanese salaried workers. Now their wives will get the financial source for trading.Ignored
DislikedJapanese retail and institutional investors' money will be still coming in...
6/25 Sumitomo Trust Asset Management 100B Yen
6/28 Fidelity Japan 300B Yen
By the way, either the 26th (usually 25th) or the 28th of this month should be a bonus day for most Japanese salaried workers. Now their wives will get the financial source for trading.Ignored
Dislikedwe are having a very bad month for YEN... and the word is Yen is going to get strong in August... not even July... I understand your point... 900 pips up and its time to go down but unfortunately this time it is reluctant to go down.Ignored
DislikedHahaha not reluctant to go down. It will drop like a like a stone. Just that as soon as the carry traders see ANY drop they buy. The after effect? Look at the the daily. If today closes up thats 11 days no retrace. All they are doing is buying low selling high. They used to be scatter like roaches do when you turn the lights on with regards to risk. How ever as I see it. The lack of a rates rise from the BoJ's last chit chat. Means they going to milk it for every things it worth till the rate hike arrives and pay less and less attention to what they should deem risk factors. Come the rate hike the Dragons will drop like they've had a stroke in mid flight.
Well thats my 2 yen. And personally I cant wait.Ignored
DislikedYen could also be dropped by risk aversion buying on China Stock's fall today.
Ignored
Dislikedi agree on dropping like stone part... though we did have small retracement today... but i really dont believe the uptrend will be over this week... and if it does i hope i get a very very good sell signal.Ignored
DislikedWatch the DJIA if that drops in tandem with china then you might. Other wise as I see it they wont care
100 pips is a hiccup IMO. I call anything that hits as low as 243ish a retrace. Should it get there before any rate hikes(or if it around there closer to the rate hikes) then carry should start unwinding as we see some proper risk aversion.Ignored
Dislikedso u say if japan raises their interest rates, carry trade will be slaughtered and this will give way for yen to gain value? did i understand it right?Ignored
Dislikedso u say if japan raises their interest rates, carry trade will be slaughtered and this will give way for yen to gain value? did i understand it right?Ignored
DislikedUnless BOJ goes "yooo-whooo" and shoots a 5% hike, there no panic associated.
USD raising rates might weight in the carry trades temporarily, via stock market selling out. But again, USA just got out of "rate cut" sentiment. A hike in the US is now seen for the end of the year only, not THIS WEEK.Ignored