I think the BoJ just exchanged Yen for Swissie. Wicked spike there first. I was contemplating hedging my long USDJPY by shorting USD/CHF. That was close !

USD/JPY Discussion

...vacation unwinders, ah, I was already wondering whether a hedge fund collapsed somewhere.

Cable Update (GBPUSD)

S&P 500 gone in free fall, now at the lowest level since March 16th. 2011 now a net loss for the index again. What the heck is going on here ?

Cable Update (GBPUSD)

You're welcome, and if this risk aversion continues, I might ponder swissie versus yen. Then I'd be favouring one safe haven currency over another, hopefully reducing exposure to overall risk sentiment of the day.

USD/JPY Discussion

What I would like to know is why people care whether a central bank makes a profit or loss. A central bank's goal is not to profit or cut losses like any commercial bank would. The goal is to stabilize inflation, the financial system and regulate. ...

USD/JPY Discussion

The greater the surprise factor, the more a central bank can shock the market. If most of the market correctly forecasts some external influence, it's prices won't react as much. Cukierman and Meltzer published research on central bank transparency ...

USD/JPY Discussion

I think so too. I'm surprised they started so early, but there'd be no point in an intervention that everyone foresees.

USD/JPY Discussion

Very strong appreciation and depreciation within the space of a minute ...well, well, what do we have here !

USD/JPY Discussion

What you are doing is waiting for price to return to certain level to support your argument and saying that everything before that was irrelevant, as the Japanese are obviously only allowed to do business at this price level. You conveniently ignore ...

USD/JPY Discussion

Oh yes, really looking forward to that. It would be an epic fail to see the Fed create their own lost decade of low interest rates, eventually becoming too scary to ever raise.

USD/JPY Discussion

As you have previously stated yourself, not all occasions have failed. You admitted the intervention to relieve stress on the economy in the direct aftermath of the disaster was a battle won by the central bankers. Yes, we are back to previous ...

USD/JPY Discussion

Sounds good. Looking forward to the action from the comfort of my armchair. While I see your point, the simple fact that you don't know how much more expensive yen would be right now, without any historic intervention whatsoever, negates any ...

USD/JPY Discussion

Not as laughable as the Federal Reserve's Quantitative Easing 2. That was the definition of 'useless'.

USD/JPY Discussion

The concerted G20 yentervention in March worked and the yen depreciated for almost a month against the Greenback and Euro. Whoever speculated that the intervention would be useless back then probably got owned, so I would be wary of suggesting that ...

USD/JPY Discussion

If he has his stop loss in the right place, why would that be dangerous ? Good point, but it makes me wonder who else would've bought so much within seconds. That's why I was thinking they could be just experimenting and analyzing behaviour before ...

USD/JPY Discussion

Any one here believe that spike about 40 minutes ago was a yentervention test by the Bank of Japan ? Middle of the night over there, I know, but as if they wouldn't have 24 7 market monitoring.

USD/JPY Discussion

I cut the short cuz I was happy with the profit made, while not knowing what the looming ISM number would be. If it were better than expected, it could've triggered more risk on trading, which is sterling bullish and that could have erased my ...

Cable Update (GBPUSD)

What makes you think I'd go long based on that ? Despite Friday's weak US GDP release and subsequent Greenback reaction, there remains an inverse correlation between equities and the greenback. Are you going long ?

Cable Update (GBPUSD)

ISM manufacturing comes out at 50.9 versus 54.5 expected. More awful economic data for the US.

Cable Update (GBPUSD)

Don't worry about me, you don't know what amount I just moved. Take advantage of the situation as you see it.

Cable Update (GBPUSD)