ChesterB,
Thanks for the info - I appreciate it.
Thanks for the info - I appreciate it.
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedI am a fundamental FX trader and for the last six months my focus has been on USD/JPY
For many fundamental reasons with the main one in my opinion being the substantial unwinding of the Trillion Dollar Plus YEN carry trade because of the meltdown in housing in the USA, the incredible losses still to be suffered by financial entities including the giants like JP Morgan and others.
I can see the USD/JPY at 100 or less by the end of 2008
The markets will be more than unstable in 2008 and the YEN will be the biggest gainer of all. Of course you need to decide that for yourself since it is your money at risk.
For me the key is deciding on the KEY entry and exit points. On a short term basis the trend can change in minutes depending on the NEW data that comes out. For example the New Home Sales released on Friday last.
Next Friday is NFP and if it is as bad as 4Cast suggests under 50,000 or so, it will make the PERCEPTION 100% that the FED will CUT in January 2008.
I will await some comments from fellow posters and FX traders.
I wish everyone here a Happy New Year and GREAT FX trading for all in 2008.Ignored
DislikedThey can't, USDJPY is the underlying of every yen cross. It has the highest volume of any yen pair.
I was also recently long CADJPY for most of its rise from 109 - 116. At the time, both USDJPY and USDCAD were lining up perfectly. That's the best time to be in any cross, when both of the underlying majors are working together in the same direction. Now, USDJPY is in disarray, while USDCAD is still in a healthy downtrend. At this time, I'm favoring USDCAD short alone, rather than CADJPY long, due to the underlying weakness of USDJPY.Ignored
DislikedI am a fundamental FX trader and for the last six months my focus has been on USD/JPY
For many fundamental reasons with the main one in my opinion being the substantial unwinding of the Trillion Dollar Plus YEN carry trade because of the meltdown in housing in the USA, the incredible losses still to be suffered by financial entities including the giants like JP Morgan and others.
I can see the USD/JPY at 100 or less by the end of 2008
The markets will be more than unstable in 2008 and the YEN will be the biggest gainer of all. Of course you need to decide that for yourself since it is your money at risk.
For me the key is deciding on the KEY entry and exit points. On a short term basis the trend can change in minutes depending on the NEW data that comes out. For example the New Home Sales released on Friday last.
Next Friday is NFP and if it is as bad as 4Cast suggests under 50,000 or so, it will make the PERCEPTION 100% that the FED will CUT in January 2008.
I will await some comments from fellow posters and FX traders.
I wish everyone here a Happy New Year and GREAT FX trading for all in 2008.Ignored
DislikedNext Friday is NFP and if it is as bad as 4Cast suggests under 50,000 or so, it will make the PERCEPTION 100% that the FED will CUT in January 2008.Ignored
DislikedThanks for your insights Warren. Us chart guys need to hear the perspective of the fundamentalists! Do you see the DOW getting weak along side USD/JPY?Ignored
DislikedCan anyone post Fib patterns of the USD/JPY and EXPLAIN how they intrept them?
As i ve said in the past - I see JPY strength and have positioned myself accordingly - However I ve yet to see the chart say that to me
Ideas?Ignored
DislikedI am positive that the pair will go down fast... we might see mid 112s perhaps but in the long term 109 and even further down is a big possibility. I am not expecting a major bull run for now... Bears will hunt down this pair.Ignored
DislikedLooks like your projections are correct so far, it made a huge drop down and currently in the sub 109s. I believe 108 will be the turning point for this pair, especially since it was a former critical support level.Ignored
DislikedWe're in a long term downtrend Chady. It may bounce there, but it will probably end up making lower lows.Ignored
DislikedLooks like your projections are correct so far, it made a huge drop down and currently in the sub 109s. I believe 108 will be the turning point for this pair, especially since it was a former critical support level.Ignored
Dislikedthanx for paying attention to my post. That fall was pretty obvious. we saw lower 109.00 area. So far I got out of my short at 109.50 region. It is extremely oversold, I am guessing for a retrace towards 110.50 but I am not taking any long position at all since the pair is still at a downtrend level. Best is to wait for a better short entry if it happens. So far I am staying away from usdjpy in any direction.Ignored