So what now kids? It seems to be consolidating around the 1.0180 / 1.02 range. What greater motivation for it to break out of its range?

AUD/USD

sat0pi: they do have a tendency to intervene in the mornings don't they. That said this one smells different to the last ones and it at least looks like they've got an ongoing plan (SNB anyone?) [edit] how long will 78.80 hold I wonder?

USD/JPY Discussion

Hahahahah. Looks like that 4B ran out in less than 20 minutes....

USD/JPY Discussion

Oh I was checking in, it was just never very interesting There's been more action today then there's been cumulatively for months

USD/JPY Discussion

The question is, where to from here? That intervention was less than many expected and less than it has been in the past. They no doubt are unhappy with how the interventions have been 'faded' by traders, potentially a multi-phase intervention to ...

USD/JPY Discussion

I wonder how long they can keep this 79.20 order up

USD/JPY Discussion

Oh well aint that just dandy. I got stopped out on my long entries on the way up. All of them. BLEUGH. Managing to ride the fades and moves now so at least up for the day.

USD/JPY Discussion

Mmyes — I'm willing to make a bet that there may possibly be some sort of form of indirect monetary process, the extent of which is somewhat larger than nothing but less than something, by the Bank of Japan to help support the currency against ...

USD/JPY Discussion

BoJ Intervention risk appears relatively low in the short term as they'll wait for the Bernank meeting on Wednesday. That said, we're entering intervention territory so I'm reluctant to go short USD/JPY as Jawboning could pinch my stop loss.

USD/JPY Discussion

Oh yes, TA certainly is a helpful tool, even on fundamental moves. I missed the sell orders too was too busy loading up long on xau Sigur: The SNB are perceived to be a lot tougher, do you think it will prompt the BoJ to try to play tougher?

USD/JPY Discussion

I think I'll steer clear for now. The technicals for the downside are there but I worry about some of the fundamentals. I think I might take a cheeky downside entry and try to catch the break.

USD/JPY Discussion

Thanks for the feedback pursuit and SIgurs Pursuit: Nice stuff with the sell orders! And you are right, the resolution of the graph can provide greater context. What I'm finding hard to reconcile in a Technical Analysis model is that there's an ...

USD/JPY Discussion

It's a dangerous game. Because Noda opened his mouth, there's an expectation, if it doesn't deliver then there should be a resultant drop in the USD JPY pair as that expectation is factored out. The range looks pretty artificial as is, so its ...

USD/JPY Discussion

Last week intervention was all through the news but then Noda said if it were to happen it would have to be a surprise. Usually I would say that it would take a bit of a reshuffle before the new Japanese leader acted decisively, but given his ...

USD/JPY Discussion

Noda gambit? — So earlier in the week, Noda says that forex intervention must be a surprise.... he then goes on record today to list other measures and ignore the topic of forex intervention altogether. Sounds like he announced his bluff, and ...

USD/JPY Discussion

It seems there's a lot of justification out there about how it will not affect the bond markets too much. ie/ Japan's downgrade is used as a precedent, there's talk of hedge funds can just use Fitch and Moody's ratings (only two are needed), and my ...

S&P Downgrades U.S. Debt Rating