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Whatevs commented Mar 20, 2024Yes! Japan is waiting for the Fed to finish and then they could start threatening with intervention.
Yen drops to lowest vs euro since 2008 on BoJ policy expectations
- Whatevs commented Mar 19, 2024
I agree.. I expect some comments soon.
BOJ's Governor Ueda: We are to a mull policy response if fx makes a big impact on outlook
- Whatevs commented Mar 19, 2024
That is true yeah! Even on the hint that BoJ will hike rates there was no significant JPY rally... as if it didn't matter, which I can understand since the difference between yields is still great. However, market is somewhat oblivious to the fact ...
The Bank of Japan just made a historic rate pivot. Here’s what could happen next
- Whatevs commented Mar 19, 2024
One could debate endlessly why JPY dropped today this much even though BoJ lifted interest rates finally after 8 years which should have been Bullish for JPY. However, they are still buying government bonds which market expected BoJ will ditch, we ...
The Bank of Japan just made a historic rate pivot. Here’s what could happen next
- Whatevs replied Mar 19, 2024
Hunt said that CPI Y/Y should fall to 2% in a next few months if someone forgot which means even forecast of 3.5% is too high and the actual number should come in lower if one is to believe Hunt. We'll see...
Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
I think it's time for intervention threats from Japan...
Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
? Fed is tomorrow or am I missing some speech that isn't on the calendar?
Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
I'll report back as soon as I'm home and provide my thoughts. I think I have it.
I also haven't looked at GBP/USD, because I didn't expect any price action before the Fed.Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
Coreg2004 please provide EW analysis for GBP/JPY Weekly or MN TF if you have the time... thanks!
Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
How USD/JPY ends up tomorrow after Fed will affect other JPY pairs. If USD/JPY finally breaks 152 resistance, then everything is in place for new higher highs on all JPY pairs.
Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
On Daily TF GBP/JPY will give one more buy (3rd buy) and that should be it. W Pattern on MN TF ends somewhere between 193 - 195.
Cable Update (GBPUSD)
- Whatevs replied Mar 19, 2024
Getting more and more realistic... CHF/JPY Resistance 170.5 - 171. There have been 3 buys on Weekly TF and this one should be the one that will get rid of any Sellers. CHF/JPY is UNLIKELY to break Resistance on MN TF that stretches from 2008 high to ...
Cable Update (GBPUSD)
- Whatevs replied Mar 18, 2024
Okay... well, USD/JPY is near the infamous 150 haha, so anything is possible, also the Fed is tomorrow which makes things complicated. I had Sell Stops that weren't triggered and have removed them all... Good luck with USD/JPY!
Cable Update (GBPUSD)
- Whatevs commented Mar 18, 2024
They always do this with BoJ when BoJ changes policy rate, so they can add new charts.
Amendment to "Principal Terms and Conditions of Complementary Deposit Facility"
- Whatevs replied Mar 18, 2024
I think we tend to agree that's why I said GBP/JPY is heading to new highs at 193-195 haha.
In Great Financial Crisis it actually mattered not that BoJ hiked to measly 0.50% while other CB has interest rates above 5%, some even at 7%. What ...Cable Update (GBPUSD)
- Whatevs commented Mar 18, 2024
All planned out... BoJ did everything they could to prepare the market for this move NOT TO BE EFFECTIVE. Bunch of idiots weakening their currency intentionally... however, we know the long game... and that is that big money wants higher highs, so ...
Changes in the Monetary Policy Framework