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Trader's Wet Dream--NZD falls 12.5% against JPY
Topic Started: 25 Aug 2015, 04:00 AM (1,113 Views)
Terry
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I think I'll take a bow.

-----------------------------------------

Imagine 12.5% of the relatively wealth of an entire country, wiped out

That's the second-biggest decline in can remember in the pair. At the height of the financial crisis it fell 14% in a day.

NZD/JPY is the traditional barometer of the carry trade and when there is a rush to the exits, it's ugly. The move extended to 71.21 but a wave of buying in ultra-thin liquidity led to a quicky bounce to 76.05.

The thing is, there is no visible crisis at the moment.

But 1987 proved that there doesn't need to be a clear catalyst for a market panic.

http://news.forexlive.com/!/nzdjpy-falls-125-20150824
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peter fraser
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Terry
25 Aug 2015, 04:00 AM
I think I'll take a bow.

-----------------------------------------

Imagine 12.5% of the relatively wealth of an entire country, wiped out

That's the second-biggest decline in can remember in the pair. At the height of the financial crisis it fell 14% in a day.

NZD/JPY is the traditional barometer of the carry trade and when there is a rush to the exits, it's ugly. The move extended to 71.21 but a wave of buying in ultra-thin liquidity led to a quicky bounce to 76.05.

The thing is, there is no visible crisis at the moment.

But 1987 proved that there doesn't need to be a clear catalyst for a market panic.

http://news.forexlive.com/!/nzdjpy-falls-125-20150824
The NZD has fallen almost 20% against the Yuan over the last two years. That's a big discount on assets in New Zealand.
Any expressed market opinion is my own and is not to be taken as financial advice
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Terry
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peter fraser
25 Aug 2015, 09:14 AM
The NZD has fallen almost 20% against the Yuan over the last two years. That's a big discount on assets in New Zealand.
Irrelevance. The action against the yen was last night. And people like yourself don't really understand why and it breaks all the pseudo quackery you tend to believe.
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Shadow
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Evil Mouzealot Specufestor

Terry
25 Aug 2015, 04:00 AM
Trader's Wet Dream--NZD falls 12.5% against JPY
Irrelevant. You don't even understand why NZD fell against JPY.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Terry
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Shadow
25 Aug 2015, 10:12 AM
Irrelevant. You don't even understand why NZD fell against JPY.
Your trolling seems be losing any kind of originality. It's now just habitual and vapid.
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Shadow
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Evil Mouzealot Specufestor

Terry
25 Aug 2015, 10:10 AM
people like yourself don't really understand why and it breaks all the pseudo quackery you tend to believe
This is just more of your habitual and vapid trolling.

Face it - you couldn't even begin to understand why NZD fell against JPY.
Edited by Shadow, 25 Aug 2015, 10:21 AM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Foxy
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Zero is coming...

Terry
25 Aug 2015, 04:00 AM
I think I'll take a bow.

-----------------------------------------

Imagine 12.5% of the relatively wealth of an entire country, wiped out

That's the second-biggest decline in can remember in the pair. At the height of the financial crisis it fell 14% in a day.

NZD/JPY is the traditional barometer of the carry trade and when there is a rush to the exits, it's ugly. The move extended to 71.21 but a wave of buying in ultra-thin liquidity led to a quicky bounce to 76.05.

The thing is, there is no visible crisis at the moment.

But 1987 proved that there doesn't need to be a clear catalyst for a market panic.

http://news.forexlive.com/!/nzdjpy-falls-125-20150824
The value of their houses dropped 14.5% in a few hours.

Safe as houses :D :D :D

It is a far larger game.

Terry you are ahead of the game.

Peter
Edited by Foxy, 25 Aug 2015, 02:06 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Terry
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foxbat
25 Aug 2015, 02:05 PM
The value of their houses dropped 14.5% in a few hours.

Safe as houses :D :D :D

It is a far larger game.

Terry you are ahead of the game.

Peter
It didn't make the media. It's a non-event. It happened while the Kiwis were asleep, therefore it never happened.
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Rastus2
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Terry
25 Aug 2015, 04:00 AM
I think I'll take a bow.

-----------------------------------------

Imagine 12.5% of the relatively wealth of an entire country, wiped out

That's the second-biggest decline in can remember in the pair. At the height of the financial crisis it fell 14% in a day.

NZD/JPY is the traditional barometer of the carry trade and when there is a rush to the exits, it's ugly. The move extended to 71.21 but a wave of buying in ultra-thin liquidity led to a quicky bounce to 76.05.

The thing is, there is no visible crisis at the moment.

But 1987 proved that there doesn't need to be a clear catalyst for a market panic.

http://news.forexlive.com/!/nzdjpy-falls-125-20150824
OMG,

the great Australian House Price Crash happened, as did the NZ one *


Massive price drops... oh the humanity :D


















* Assuming that purchases are done in USD or JPY.

Shadow
25 Aug 2015, 10:20 AM
This is just more of your habitual and vapid trolling.

Face it - you couldn't even begin to understand why NZD fell against JPY.
Perhaps you would be kind enough to explain it to him ?


(Don't forget to google it yourself).
Edited by Rastus2, 25 Aug 2015, 03:23 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rastus2
25 Aug 2015, 03:21 PM
OMG,

the great Australian House Price Crash happened, as did the NZ one *


Massive price drops... oh the humanity :D


















* Assuming that purchases are done in USD or JPY.


Perhaps you would be kind enough to explain it to him ?


(Don't forget to google it yourself).
A rather odd reaction to volatility. I would think that regardless of how meaningless it is, except to those how profited, it would make you wonder.
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