Comments on: Iwata comments send Yen lower, but losses limited https://fxww.com/iwata-comments-send-yen-lower-but-losses-limited/ The Professional Source Thu, 14 Feb 2013 05:34:52 +0000 hourly 1 By: Jk https://fxww.com/iwata-comments-send-yen-lower-but-losses-limited/#comment-16074 Thu, 14 Feb 2013 05:34:52 +0000 http://fxww.dreamhosters.com/?p=5519#comment-16074 Your explanations on this blog clarify the market mechanics very well. Very helpful. There was also an article a few weeks back about the SNB’s EUR/JPY position.

http://www.businessinsider.com/swiss-national-bank-whacked-by-euryen-2013-1

I guess, they might have been one of those who HAD TO buy. 😀

]]> By: Sean Lee https://fxww.com/iwata-comments-send-yen-lower-but-losses-limited/#comment-16073 Thu, 14 Feb 2013 04:46:23 +0000 http://fxww.dreamhosters.com/?p=5519#comment-16073 I have little doubt that you are correct JK, the easy money has been made. Now we are at the stage where some who ‘have to’ sell Yen are doing so like the over hedged corps etc. Once this is over, find someone who was bearish at the bottom, if they’ve turned bullish, then go limit short 🙂

]]> By: Jk https://fxww.com/iwata-comments-send-yen-lower-but-losses-limited/#comment-16071 Thu, 14 Feb 2013 03:47:35 +0000 http://fxww.dreamhosters.com/?p=5519#comment-16071 Hi Sean,
If I recall correctly, you pondered (at the time we were at much lower levels), who could be behind the surge in Yen pairs.
There’s an article about some of the participants:

http://online.wsj.com/article/SB10001424127887324432004578302461873792762.html

At any rate, it will be interesting to see how it will develop further. We have seen how the ponzi ended in AAPL with very many funds heavily invested. Of course, not really the same things, but it might be true, that the easy money has been already made in this trade for now.

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