Dear Readers, Incredible JPY move hits 8832 just about 3rd Yearly Resistance! 8865. This kills speculation for XXX months! Break of 115(8650 or so) has conjured an Armageddon Picture in Many Investors Minds and Carry-Trade Got Carried Out...
~8K JPY Globex Contracts, In 2 Minutes!!! 8K*$125K= $1 Billllllllion
Have seen only few like this in my life, and my life was not dull!
5 comments:
actually, i'm still in shock over this..
i have no positions at the moment in anything. clueless now..
the YEN has kicked everyone's A$$ this August
Boris,
Have you looked at NZDJPY & AUDJPY?
Over -6% down, working on -7%, in less than one day . . .
There are likely going to be a lot of crying, weeping, and both corporated & personal bankruptcies coming out of this.
The markets have apparently decided to go into crash mode, or "do-it-all-at-once-and-let's-be-done-with-it" mode if you like.
If this modus operandi carries over to the equity markets, we could see something -20% down within just a few days.
One could have made a fortune in the forex markets today . . . or lost one.
I think I'll just stay with my limited-risk equity puts, thank you very much.
Regards,
Dear DXB/COBBENSE,
THere is no need to expand on this, but try as they could, suckers on the JPY floor could not get me out few of my JPY shorts.
Godd trading
Boris,
I am not sure what you speaking about. Can you post a chart or something.
Nick.
nmmmnu.blogspot.com
Ah Boris,
always when use inverse rate, say so... ( 113 /0.8865 inverse/ ).
Have a nice day :)
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