BOJ under pressure to intervene yen weakness - Urgent Action Req
Recent developments surrounding the Bank of Japan (BoJ) are under increasing pressure to intervene in the ongoing weakness of the yen. As we stay vigilant in our trading strategies, it is crucial that we pause and carefully consider the potential implications of such intervention. Therefore, I strongly recommend that each one of us exercise caution and reevaluate our positions before proceeding further. It is with prudence and foresight that we can navigate through these uncertain times and protect our interests. Let's take a moment to assess the situation and make informed decisions before resuming trading. Stay alert and trade wisely.
Call to Action:
As a responsible trader, I encourage you to pause your yen trading until further notice. Take this opportunity to reassess your positions, consult market experts, and stay informed about the latest developments regarding BoJ's potential intervention. By ensuring we are well-informed and cautious, we can mitigate potential risks and make more successful trading decisions. Together, let's prioritize protection and long-term gains by taking a step back and reflecting on our strategies.
Yenpairs
CHFJPY I Long from 4 hr demand level Welcome back! Let me know your thoughts in the comments!
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USD/JPY Breaks Records with Over 60 Trillion Traded Between Jan The USD/JPY has been making waves in the market, soaring to unprecedented heights, with over 60 trillion dollar traded between January and September. Can you believe it? This is a monumental achievement!
As a seasoned trader, you understand the significance of such a phenomenal trading volume. The yen's remarkable performance is a testament to its strength and stability in these uncertain times. I can't help but feel a sense of optimism and enthusiasm, once again reminding me why I love being a part of this dynamic trading community.
Given the yen's incredible performance, I encourage you to consider taking advantage of this exciting opportunity and going long on the yen. With a robust trading volume supporting it, the yen proves to be a promising investment choice for both experienced traders and newcomers alike. Ride the wave of success and embrace the potential it brings!
Remember, success favors the brave, and with the yen's impressive trading volume, now is the perfect time to dive into the market and long USD/JPY. Embrace the joy of trading, make your moves wisely, and harness the power of this extraordinary market development.
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CHFJPY I Potential Short from Resistance Welcome back! Let me know your thoughts in the comments!
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Yen Drops Below 150 Per Dollar - Exercise Caution in TradingThe Japanese yen has recently dropped below the critical threshold of 150 per dollar, primarily due to mounting concerns regarding intervention measures. In light of this situation, I strongly urge you to exercise caution and consider pausing yen trading until further clarification is obtained.
The sudden decline in the yen's value has raised concerns among market participants, as it suggests the possibility of intervention by the Japanese government or central bank. Intervention refers to deliberate actions taken by authorities to influence their currency's exchange rate, typically through buying or selling large amounts of their own currency in the foreign exchange market. Such interventions can have a profound impact on the currency's value and create significant volatility in the market.
Given the uncertainty surrounding the current situation, it is prudent to reassess our trading strategies and ensure that we are not unnecessarily exposed to potential risks. Therefore, I strongly recommend that you temporarily halt yen trading until we receive further guidance or clarification from reliable sources regarding any potential intervention measures.
In the meantime, I encourage you to closely monitor the latest news and market developments related to the yen. Stay informed about any official statements or actions from the Japanese government or central bank, as these can provide valuable insights into the future direction of the currency. Additionally, consider diversifying your portfolio to reduce reliance on yen-based assets until the situation stabilizes.
Please remember that our primary objective is to protect our investments and mitigate risk. By exercising caution and temporarily pausing yen trading, we can better position ourselves to navigate the current market uncertainties and make informed decisions when clarity emerges.
If you have any questions or require further guidance, please do not hesitate to reach out to me or our dedicated support team. We are here to assist you and ensure that you have the necessary information to make well-informed trading decisions.
USDJPY; Zen and the art of economic cycle maintenanceThe Yen and thus, the Bank of Japan, is in a rather precarious position.
(Then again, when was the last time they weren't - in a precarious position?? ... .)
Admittedly, our Japanese is somewhat rusty lately but nowhere in the monetary manual did we find where it says: "Lending rates must be fixed at <0% or >10%, at all times!"
So, when the BoJ hangs it's hat on some arbitrary metric, such as the volatility in the USDJPY in this case, to guide it's policy and a potential departure from the negative interest rates (more so than based on the underlying economic data - CPI, PPI, unemployment, etc.) and then said volatility collapses, almost immediately?! ... One could only speculate on the complex range of emotions, induced in the BoJ's leadership (WTF?!, etc.). So,now what? ...
These previously unlikely turn of events suddenly provide a strong bias towards a (top-side) volatility spike, in the event of which a forced monetary intervention by the BoJ in the very near future becomes a virtually foregone conclusion!
On an additional note; Given the current US-Japanese rate differentials (as well as other factors) the USDJPY remains the least "over valued" among all the Yen crosses - making it a less than ideal such metric. Try on the CHFJPY or even the EURJPY as an exercise in absurd over valuation, for example. The likes of which have solid, almost identical, precedents in the late 1970 European central bank policies, most ending "in tears" and none more than Switzerland's SNB's, which slid into one of it's deepest depressions by the beginning of the 1980s!
This weeks technical picture (including Fridays close) further underlines this, by now much shifted, bias toward a top-side break out, potentially pushing prices well past the key 150.00 level, rather quickly. (E.g., certainly do Not be short the USDJPY, here! - To say the least.)
Current Rate Differentials between the Bank of Japan and ...
--------------------------------------------------------------------------------
- in Basis Points - ("most over valued" ranking)
- CHFJPY (Switerland) --- +250 - (#1)
- SKJPY (Sweden) --- +375
- AUDJPY (Australia) --- +400
- NOKJPY (Norway) --- +400
- EURJPY (EU) --- +450 - (#5)
- CADJPY (Canada) --- +475
- GBPJPY (G. Britain) --- +515
- NZDJPY (N Zealand) --- +525
- USDJPY (US) --- +525
- MXNJPY (Mexico) --- +11.25 - (#4)
- ZARJPY (S. Africa) --- +11.75 - (#2)
- HUFJPY (Hungary) --- +13.00 - (#3)
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p.s. This here is also the new Yen Thread!/b]
CHFJPY I Expect to fall further toward next supportWelcome back! Let me know your thoughts in the comments!
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Celebrate the Weakest Japan Yen in 10 Months - Long USD/JPY
The Japan yen continues to display its weakness, hitting a 10-month low against the US dollar. It's time to seize this golden opportunity and consider going long on USD/JPY!
The recent trend in the currency markets has shown a remarkable decline in the value of the Japan yen. As traders, we know that such fluctuations can present us with incredible prospects to maximize our gains. The current situation offers a perfect chance to capitalize on the yen's weakness and leverage the strength of the US dollar.
Why should you consider going long on USD/JPY? Well, let me share some compelling reasons:
1. Weakest Japan Yen in 10 Months: The yen's value has been steadily declining, reaching its lowest point in the past 10 months. This trend suggests a potential for further weakening, making it an ideal time to take advantage of this market sentiment.
2. Favorable Economic Factors: Various economic indicators point towards a stronger US economy, including robust GDP growth, improved employment rates, and increased consumer spending. These factors contribute to the strength of the US dollar, which can further drive USD/JPY in your favor.
3. Technical Analysis Signals: Technical analysis enthusiasts will be delighted to know that several indicators are aligning to support a bullish outlook on USD/JPY. From moving averages to trendline breakouts, the charts are painting a positive picture for this currency pair.
Now that you're aware of the exciting opportunity at hand, it's time to take action! Consider going long on USD/JPY and ride the wave of the yen's weakness. Remember, successful traders are the ones who spot opportunities when they arise and take calculated risks.
As always, it's crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Stay informed about market developments, keep an eye on economic news, and consult with your trusted advisors to ensure your strategies align with your investment goals.
Wishing you a joyful trading journey filled with profitable endeavors!
USDJPY I Above 147.90 will pave retest to 151.90Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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Gold Traders Reap Double Return with Yen vs. DollarHave you heard the exciting news? A golden opportunity has emerged in the world of trading, where gold enthusiasts can now reap double returns by exploring the potential of the Japanese yen against the US dollar. Brace yourselves, as we delve into this thrilling venture that promises to elevate your trading game to new heights!
Unleashing the Power of Yen:
While gold has always been a reliable investment, it's time to consider the untapped potential of trading gold in the yen. The Japanese yen has shown remarkable strength against the US dollar, creating a perfect storm for traders to maximize their profits. By capitalizing on this unique currency pair, you can unlock a world of opportunities and potentially double your returns.
Why Yen for Gold Trading?
1. Diversification: Trading gold in yen allows for diversification, reducing the risks associated with relying solely on the US dollar. This strategy enables traders to spread their investments across different currencies, mitigating potential losses.
2. Yen's Safe-Haven Status: The Japanese yen has long been recognized as a safe-haven currency, particularly during times of economic uncertainty. As gold is often sought after as a safe-haven asset, combining its trading with the yen amplifies the potential for significant returns.
3. Market Volatility: The yen's volatility against the dollar presents an excellent opportunity for traders to capitalize on price fluctuations. This dynamic environment creates a fertile ground for astute traders to make well-timed moves and maximize their gains.
Call-to-Action: Embrace the Yen-Gold Duo Today!
Are you ready to embark on a golden journey that promises double returns? Don't miss out on the chance to trade gold in yen and seize the potential for greater profits. Here's how you can get started:
1. Educate Yourself: Equip yourself with the knowledge and understanding of the yen's performance against the dollar and the factors influencing gold prices. Stay updated with market trends, news, and expert opinions to make informed trading decisions.
2. Choose a Reliable Trading Platform: Select a reputable trading platform that offers access to the yen-gold trading pair. Ensure the platform provides a user-friendly interface, reliable customer support, and robust security measures to safeguard your investments.
3. Develop a Solid Trading Strategy: Craft a well-defined trading strategy that aligns with your risk appetite and financial goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to optimize your trading experience.
4. Stay Disciplined: Successful trading requires discipline, patience, and the ability to adapt to changing market conditions. Stick to your strategy, avoid impulsive decisions, and continuously evaluate and adjust your approach as necessary.
Conclusion:
Dear traders, the world of gold trading has just become even more enticing with the yen's remarkable performance against the dollar. By embracing this unique opportunity, you can unlock the potential for double returns and take your trading journey to new heights. So, don't wait any longer! Equip yourself with knowledge, choose a reliable platform, develop a solid strategy, and embark on this golden voyage today. Remember, the yen is calling, and it's time to answer!
Disclaimer: Trading involves risks, and it is essential to conduct thorough research and seek professional advice before engaging in any trading activity.
How I was able to Flawlessly Capture CADJPY moves all WeekHere is an explanation of how I was able to trade CADJPY without breaking a sweat. It is not hard you just need the right tools. (...And the right guy *wink*)( Just kidding.) But yes, I plug in my indicator set up and go to work. Building my account for the week. This keeps me consistent, check it out.
Wont' take much longerPrice has been consolidation for 10 weeks. It has to break up eventually. Just wait patiently. Next important resistance after break is at 116 level. There is some room to go higher. We may have a rejection at the 110 level, I will use it to add to my long position. It may take a couple weeks more but the risk reward is worth the waiting.
CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments!
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BOJ Intervention Needed as Yen Continues to WeakenAs avid participants in the forex market, we must remain vigilant and proactive in monitoring this situation, as it may have significant implications for our trading strategies and overall market stability.
The USDJPY exchange rate has experienced a persistent upward trend in recent weeks, primarily driven by the yen's continuous depreciation. This trend can have far-reaching consequences for global trade, investment flows, and economic stability if left unchecked. It is high time that we collectively address this issue and urge the Bank of Japan (BOJ) to intervene appropriately to restore balance and mitigate the potential risks of such rapid currency fluctuations.
The BOJ's intervention is crucial to ensure that market forces do not push the yen into a fragile position, which could lead to unintended consequences. While some currency depreciation can benefit export-oriented economies, an overly weakened yen may spark concerns of competitive devaluation, leading to retaliatory measures and a destabilized international trading environment.
Therefore, I implore each of you to monitor the USDJPY exchange rate in the short term closely. Keep a watchful eye for any signs of a potential dip in this currency pair, as it could indicate an opportune moment for the BOJ to step in and stabilize the yen's value. We can collectively contribute to maintaining a balanced and fair forex market by staying informed and alert.
Additionally, I encourage you to spread awareness about the importance of BOJ intervention among your fellow traders, colleagues, and industry contacts. Let us unite in our call for action, urging the BOJ to take appropriate measures to address the weakening yen. Together, our voices can carry weight and help safeguard the stability of the forex market.
In conclusion, let us remain proactive, concerned, and engaged in monitoring the USDJPY exchange rate. By doing so, we can actively encourage the BOJ to intervene when necessary, ensuring a more stable and predictable forex market for all participants.
CHFJPY I It will correct downward Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
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USD/CNYFX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form from the 200 ema and the 20 ema.
JPY Basket (FXCM) - LONGWhile I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum.
Again, I'd suggest to use this "basket" as an indicator rather than trading it outright - which is also possible.
(Work in progress on a properly weighted NAFTA + Japan Index.)
Japan Yen's Strengthen Secure a True Low Volatile HedgeAs the Federal Reserve tightens its monetary policy and inflation rates continue to drop, the Japan Yen has steadily strengthened. This trend presents a unique chance to diversify your trading positions and capitalize on Yen's increasing value. By incorporating the Yen into your portfolio, you can potentially shield yourself from market volatility and enhance your risk management strategies.
Why choose the Japanese Yen, you may ask? Well, let me share a few compelling reasons:
1. A Safe Haven Currency: Historically, the Yen has been considered a haven currency during economic uncertainty. It's stability and low volatility make it an attractive option for traders seeking a reliable hedge against market fluctuations.
2. Economic solid Fundamentals: Japan boasts a robust and resilient economy supported by technological advancements, a skilled workforce, and a commitment to innovation. These factors contribute to the Yen's strength and make it an appealing choice for traders seeking stability.
3. Diverse Trading Opportunities: The Japan Yen offers many trading opportunities across various currency pairs. Whether you prefer significant pairs like USD/JPY or exotic pairs like EUR/JPY, the Yen's liquidity, and popularity ensure ample chances to profit.
Now, it's time for action! Don't miss out on leveraging the Japan Yen's strengthening trend.
Here's what you can do to seize this opportunity:
1. Evaluate Your Portfolio: Assess your current trading positions and identify areas where the inclusion of the Japan Yen could enhance your risk management and diversification strategies.
2. Stay Informed: Keep a close eye on market indicators, economic news, and central bank policies that may impact the Yen's value. This knowledge will help you make informed trading decisions and maximize your potential profits.
3. Collaborate and Learn: Engage with fellow traders, attend webinars and seminars to gain insights and exchange ideas about trading the Japanese Yen. Sharing knowledge and experiences can be invaluable in refining your strategies.
Remember, the forex market is ever-evolving, and adapting to new trends is crucial for success. Adding the Japan Yen to your trading arsenal can unlock a true low-volatile hedge and amplify your gains.
CADJPY I BOC Rate Statement Trading PlanWelcome back! Let me know your thoughts in the comments!
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