It was my philosophy professor who really got me into fore trading. He gave me some tips on how to know when to go in and when to save myself. I don't what your experiences are but patience sure played a vital role in this type of game. I tried to study the trend. Stretching as much as two years only to finally conclude that it is impossible to beat the game through records as you would never know when it will rise up or sink down. You just have to trust your instincts, actually.

TOKYO (Dow Jones)--The Bank of Japan said Wednesday it is supplying Y1.40 trillion against pooled collateral at its headquarters, starting Aug 5 and ending Aug 25.

Tokyo Bureau, Dow Jones Newswires; 813-6269-2770

(END) Dow Jones Newswires
August 03, 2011 00:00 ET (04:00 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.

Forex: Yen surges on confirmed BoJ intervention.

FXstreet.com (Barcelona) - The Japanese Yen has gone wild in the past minuted of trading, rising at light speed from 77.10 to just find resistance at 78.00. At present, the pair is correcting, reaching 77.70 only to rebound higher towards the high end of its recent swing high. With no apparent reason (Update: Noda confirms Japan intervened), the Yen's sudden depreciation suggests the BoJ may be finally taking action instead of just watching. Update: USD/JPY continues to rise, now at resistance 78.40.

* 04 Aug 11: 03:23 GMT (SGA) - FX NOW! NZD/USD, AUD/USD FLOWS - English: High NZD hard for exporters, no big RBNZ changes

Kiwi under pressure, as Greenback generally higher after BoJ intervention (still intervening) in USD/JPY and SNB measures to curb CHF rise. BoJ buying absorbing strong offers at 79.00. Not surprised to hear talks of commercial sales in AUD from RBA and possible RBNZ in NZD? NZ Finmin Bill English says significant changes in monetary policy are neither needed nor planned now, even though NZD is hurting exporters. Earlier, NZ Q2 employment growth flat, and unemployment rate for Q2 6.5%. On FX, comments from NZ English - seems to suggest - as done by SNB and possibly BoJ - more easing/ instead of tightening - to curb the strong Kiwi? NZD/USD dipping lower to 2-week lows 0.8526, eye break of 0.8500 - eye big 0.8000.WL

* 04 Aug 11: 02:57 GMT (SGA) - FX NOW! EUR/CHF, USD/CHF FLOWS - Japan + Switzerland working together to ease + intervene?

Good to watch for any SNB FX action today - interesting "coordination" with BoJ/MoF? SNB eased policy yesterday, and then BoJ/MoF intervention today, before easing policy later. Then SNB will come in the FX market to intervene to send a message that both Japan and Switzerland are working together to prevent their currencies to rising to record highs on safe haven, global risk aversion? So both Switzerland and Japan are sending a message that they are working together as both currencies bear the "brunt" (some will say gains) of the global risk aversion. USD/JPY at 78.88-90 - talks BoJ in machine at 78.50 now. EUR/CHF at 1.1089-90, off yest 1.1149 highs, but talks of covert SNB intervention - on way up from all time lows 1.0795. USD/CHF at 0.7755-58, off



SOURCE: OANDA.COM NEWS

My yen trade doing good, I see it headed to 82.0 levels before any meaningful correction.

Im also bearish on AUD/USD when they maintained their rates on tuesday, I knew that was it, I expect it test previous support level at 1.0500 before a correction up. Fxtech take note.

NZD falling along with the JPY.

Hisah how do you short 'Italian banks' im curious.

LONG NZDCAD @ 0.8224 SL 0.8375 TP open

@Hisah nice move on AUD,

Looking for a possible short entry on EURAUD on confirmation.

GPBJPY Looks set to retrace after a powerful bull movement.

GPBAUD possible SHORT opportunity emerging,

WL be trading Short GPBJPY frm 130.00 area

EURJPY short frm 113.50

Gold?! Yawa! Above $1680 now @1681. Silver up 7% since Friday, now above $42... (Silver trade still in play since June). All these after US passes their debt plan... Aug 20th is yet to come for the eurozone...

As usual SNB's intervention is already taking in loads of water less than a day of spooking CHF bulls. Hopeless venture. Since 2010 SNB has used billions to stem the bulls and lost all together. Who's money is being lost here? Taxpayers... Swiss guys should boot those goons at SNB for losing their billions in these worthless interventions...

BoJ intervention - I'm give it a half life of 2 days, then we will be seeing new lows!

The major warning for crosses that depend on risk appetite is currently flashing on as S&P and Dow go negative for the year. In Europe, it is worse, support levels getting trumped since last week. And the most bizarre thing is that while swissie has been on rhino charge, their stock market has tanked 20% (that a bear territory there).

Bank of America (BAC) breaks below $9.50... Goldman Sachs below $130... XLF index breaking down. Global financial stocks are now turning bearish. Italian banks are not bear, but dead-end bears... Soon Spain will join them.

But Mr Market will turn around against these extremes when the time comes. These interventionists should wait for that turn around. Then they can intervene in harmony with Mr Market. What part of market dynamics don't these central planners understand. The days when they ran the market is over! E.g. Apple has more cash-flow than the US Treasury! What the heavens!? Will US Treasury seek for bailout from Apple in future?

Anyone watching USDCAD. This one is turning bullish!

Your take is spot on, am bullish on the yen, NZ and AU, will now bemore cautious.