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[wfakhoury Amman]

April 25, 2024, at 7:10 am
wfakhoury Amman
EURJPY
Now 166.70 into buy mood
16710 confirmed will be reached.
___________________________
16710 Reached
I can know the time of the intervention 1 hour before it is done.

[Mtl JP]

define interevntion
–
USDYEN 156.21-ish HoD sofar, 155.99 as I type

using 155.55: 15 pip dip, then “rush” 156.2-ish is NOT Japanese intervention.

maybe blinken in china said something stupid to the chinese and caused a rush into the dollar …

[Mtl JP]

What is foreign exchange intervention? Who decides and conducts foreign exchange intervention?

https://www.boj.or.jp/en/about/education/oshiete/intl/g19.htm

In Japan, foreign exchange intervention is to be carried out under the authority of the Minister of Finance. As stipulated in the Act on Special Accounts and the Bank of Japan Act, the Bank conducts foreign exchange interventions on behalf of and at the instruction of the minister.

All I say about that is that one better be well connected with appropriate entities if one is to make out like a bandit.

Otherwise: good luck

[SF Monedge]

Japan really is in a tough position with how to address the economy.  It seems as if there is almost no direction to turn be it rates, bonds or whatever.  They may be behind the curve in terms of raising rates but the economic condition is such that it is not warranted.  It isn’t overheating.  And anything they do or do not do will affect Tokyo stocks and the rest.  Other issues abound, including global signs of slowing.  Perhaps delay another rate increase until next meeting.  The effect will be temporary but – The only thing that makes sense to me is Yen intervention.

[GVI Forex 2]

April 26 (Reuters) – A look at the day ahead in Asian markets.

Asia’s market spotlight on Friday falls on the Bank of Japan’s policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, and investors digest the latest U.S. mega tech earnings reports.

Morning Bid: Bank of Japan center stage, US tech supports

[SF Monedge]

Former Bank of Japan Board Member Sauri Shirai just stated on Bloomberg that she expects BOJ intervention very soon.

[Mtl JP]

What is foreign exchange intervention? Who decides and conducts foreign exchange intervention?

https://www.boj.or.jp/en/about/education/oshiete/intl/g19.htm

In Japan, foreign exchange intervention is to be carried out under the authority of the Minister of Finance. As stipulated in the Act on Special Accounts and the Bank of Japan Act, the Bank conducts foreign exchange interventions on behalf of and at the instruction of the minister.

All I say about that is that one better be well connected with appropriate entities if one is to make out like a bandit.

Otherwise: good luck

[Mtl JP]

where is PAR ?
–
Fortune
‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

[Mtl JP]

History of Japan’s intervention in currency markets
By Reuters

https://www.reuters.com/markets/currencies/history-japans-intervention-currency-markets-2024-03-28/

[Mtl JP]

from the same page as the ref’d jeff cox piece:
–
Middle East escalation could trigger oil price shock that fuels inflation, World Bank warns cnbc

ya … could according to World Bank Chief Economist Indermit Gill
why not try it to see eh indermit ?
and remove the known unknown

[Belgrade Bobby]

Economic Data Calendar Friday

[GVI Forex 2]

After weeks of so many speculations and questions: “ Is BoJ going to intervene and where “ we got a simple answer – NO

Even if Boj did some undercover work and used lots of senseless blubber, the market did not flinch.

WHAT COMES NEXT FOR USDJPY AFTER BREAKING 155

USDJPY – What comes next after breaking 155

[SF Monedge]

My 6:08  below was in reference to AudUsd, sorry moving fast.

[Mtl JP]

Slowing growth plus stubborn inflation add up to a headache for Fed officials
PUBLISHED THU, APR 25 20241:14 PM EDT
Jeff Cox

really Jeff ?

[Mtl JP]

10-yr 4.706 2.39pm
oh the drama…
–
Dow drops more than 300 points on inflation and growth concerns, Meta drags S&P 500 lower
10-year Treasury yield leaps to highest level in more than 5 months after GDP report

srce.: cnbc

[Mtl JP]

DLRCHF 9122
H&S on the hourly bar
–
price goes below the shoulder … should trgt 9100 / 9090

[SF Monedge]

One trade that has working like a charm is to buy the area of the Asian open.  BOJ is making me a pinch more hesitant now though because even AudCad could be affected by default.

[SF Monedge]

A bit fun that UsdJpy has been doing the opposite of Dxy.  Market challenging BOJ ?  Who blinks first.

[Belgrade Bobby]

USTEC – NASDAQ 100 4 H chart

[Belgrade Bobby]

Tesla Daily view…

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