Yes, it makes sense and you are right on the money. In recent months, the PBoC has been increasing its purchases of Japanese bonds. In order to buy Japanese bonds they would first have to buy yen. They have also decreased their US bond purchases ...

USD/JPY Discussion

Keep an eye on the 1090 level for S&P. If it goes below that, the yen could start cracking again.

USD/JPY Discussion

Central bank joins the USD/JPY selling Those kids who work at the BOJ are toast.

USD/JPY Discussion

John, if you missed my earlier post, then here it is again: url It's a link to my linkfest thread, I made a James16 special and there are quite a few links on R&S + PPZ.

james16 Chart Thread

I know there are quite a few macro guys lurking around here in FF. I have something interesting for you from the BIS: BIS Quarterly Review, September 2010 Debt reduction after crises (the link takes you straight to the pdf file). Summary Financial ...

Cornholio's Reading Suggestions

Waiting...

james16 Chart Thread

I nominate Spongebob and Patrick. At least those guys are funny.

USD/JPY Discussion

Did someone say schizophrenia?

USD/JPY Discussion

Which reminds me of my childhood when I was trying to build a tank in an old Soviet base (the Soviet armed forces didn't leave Estonia until 94, they left a lot of bases behind where children went to play). Me and my brother were dumping all sorts ...

USD/JPY Discussion

Moreover, look at the contents... looks like the BOJ is starting to get schizophrenic.

USD/JPY Discussion

Indeed. Just a short while ago they were trying to think of measures to halt the rise of the yen. Now they are saying this: BOJ Gov Shirakawa: Monetary policy not determined by short-term forex moves

USD/JPY Discussion

The people at BOJ are like little children.

USD/JPY Discussion

You're expecting too much. Have you had a look at the calendar today? The US and Canada are closed, which means there is less volume. I had a look at the liquidity gauge at FF and it was 75% below average. Don't get me wrong - you can still trad, ...

USD/JPY Discussion

I don't see anything I'm afraid. I think you're overestimating the power of a simple divergence and a few small candles.

USD/JPY Discussion

Care to explain which candles in particular would propel us to those levels? By the way, the divergence that you've highlighted has already lived up to its promise. I'm afraid there is only so much you can squeeze out of it.

USD/JPY Discussion

Same here, Joel. The worst thing is if you start buying calls during a massive downturn and you don't know what you're doing (that's me). I did that in around Nov-Dec 2008 when VIX was in the high 50/60s. Needless to say I got served.

james16 Chart Thread

Candles can 'suggest' all sorts of things depending on the interpreter. Care to show us a chart?

USD/JPY Discussion

This should be interesting. (Charts from finviz futures section)

USD/JPY Discussion

That's it. I'm putting up a 11 vouch posting restriction on this thread to keep away posts that don't add value (the 'empty' posts seem to be coming from vouchless posters so there you have it). Don't look for the posts that started this, they've ...

Cornholio's Reading Suggestions

Trad3r, that 129 bucks is called an entry barrier, the aim of which is to keep away people who are not taking it seriously and are looking for a signal service. Think of nation states and license auctions. The entry fee is there to keep away bidders ...

james16 Chart Thread