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USDJPY Explodes 500 Pips From Monday Lows
Wondering why the world's risk assets are all exploding higher... wonder no more. JPY - funding currency of choice for many leveraged traders - has been monkey-hammered 500 pips lower against the USD in the last few days with the last 24 hours, since Kuroda unleashed his comedy gold last night, seeing another 150 pips surge...
Interesting retracement levels... from the post-FOMC peak to Monday crash lows...
Charts: Bloomberg
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123 or bust.
Ahh yes, two fish just swimming down the pipes of a fukushima-irradiated fish bowl.
123 THEN bust.
We'll see something starting with 2 before Japan goes bust.
Perhaps it has something to do with this??? Seems anything is possible in the "new ab-normal".
Rate Hikes and QE...Simultaneously?!? Actually, Yes!!!
http://econimica.blogspot.com/2015/08/rate-hikes-and-qesimultaneously.html
Impossible is for the little people......
"Everything is connected..."
... TO THE JAPANESE YEN?!?! What the FUCK?!?
connected to fiat toilet paper
American has no ghost cities (not new ones anyway). American needs some ghost cities. We could blow GDP numbers out of the water and use JPY to do it.
Can I be Fed Hed next?
Yes, use them stupid Japs.
muh muh muh my kuroda bitchez
https://www.youtube.com/watch?v=FdSRfdu_dLU
Oh no! What will the HFT bots do?
it wouldn't surprise me if some of the cash china is raising by selling ust goes directly into usa equities. we must defend our currency from our purposeful devaluation. what. a. crock.
A guy named Max Pain seems to be the most prescient of pundits, but will 'investors' be willing to push things materially beyond the various long/short stop levels breached in equity, commodity & credit instruments in recent days?
Invest in band-aid bonds.
It is mean reversion right? And HFT has less to do with movement and more to do with market neutral frontrunning. They hope it sits in a tight range and can just pass things back and forth it seems.
But yeah, look at the 4 hour chart.. if it has hit a low and there are a lot of "white bars" it is probably going to keep going up (drift up in whole) on the short term until it hits the mean at least on the longterm. Markets move right? :)
The euro is also down 500 pips vs $usd, and I'll guarantee you it isn't because traders are pouring money back into China.
The markets are completely confused right now. The CB's that are trying to control things are just making the problem worse. They'll have no one to blame but themselves when this thing craters out.
That's why were seeing all these inverse correlations. The best thing to do right now is just dabble here and there, and keep your powder dry until the Sept. Fed. meeting.
it just doesnt matter........ https://www.youtube.com/watch?v=e9mf3Bypyk8