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  • USD/JPY heading to 130?

    From forex.com

    After Wednesday’s post-CPI dump, the dollar managed to rebound a little as a couple of Fed official spoke about what the drop in inflation meant for monetary policy, before heading lower again ahead of the publication of US PPI later on Thursday’s session and UoM’s Consumer Sentiment and Inflation Expectations surveys on Friday. With the odds of 75 basis point hike having dropped, the Fed is careful not to push too hard against that, but at the same time leave the door open for such an aggressive hike should incoming data from now until mid-September show another upsurge in prices or if employment once again ... (full story)

i expecting 130.500ish area...lets see
Mostly Scalps and rarely few swings
No, 134. Nice try, though.
Everyone can see the chart, but only a few can actually read it.
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Quoting OnlineAddict
No, 134. Nice try, though.
I will never say never about 130.

But if the US numbers of SLOWING inflation are a hint. Japan could have a similar flip of inflation numbers back to the downside. Ala even more QE for Japan. Who knows.

Good luck. Adjust for risk always.
Quoting OnlineAddict
No, 134. Nice try, though.
The more I read this about these predictions, the less knowledgeable I become..
It's just noise.. saying USD/JPY definitely going to 145 just a matter of time, GBP/USD 1.14 so close..
So much utter trash being spoken it makes my head hurt. Although, I still believe Bloomberg and CNBC are giving signals to the other sharks out there before the big news data is out. I'm tired of all this news at the moment and all of it's nonsense, but when I get some rest I'll try and see if I can figure out how they send these signals, if it's in the post before the news or somewhere else. If I don't figure out anything on this matter, I'll just stop following the news and updates because it's tiring to follow all of this crap for the entire day. News doesn't even matter, they're just here to give boost to the price to go in the path that is already determined sometime before.

You're 8 years here on FF.. when did you realize the news and which particular moment caught your eye that news are weird and in the end doesn't matter, because banks will do what they meant to do anyway?

Also one question, why on Earth did USD deprecciated so much on CPI news? Isn't it good for USD that Inflation started to drop, meaning hikes started to have an effect as it was planned they should?

Actually, two questions. Is it possible to add let's say 2H TF on the platform for example by some modding or whatever? Thanks!
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Usdjpy going to 130??? I sell and the i sell the price going up?stop giving singnal
Quoting TheWolf
{quote} The more I read this about these predictions, the less knowledgeable I become.. It's just noise.. saying USD/JPY definitely going to 145 just a matter of time, GBP/USD 1.14 so close.. So much utter trash being spoken it makes my head hurt. Although, I still believe Bloomberg and CNBC are giving signals to the other sharks out there before the big news data is out. I'm tired of all this news at the moment and all of it's nonsense, but when I get some rest I'll try and see if I can figure out how they send these signals, if it's in the post...
You're so right. The news truly is just NOISE. Best to block it out and read the charts.
Quoting TheWolf
You're 8 years here on FF.. when did you realize the news and which particular moment caught your eye that news are weird and in the end doesn't matter, because banks will do what they meant to do anyway?

Also one question, why on Earth did USD deprecciated so much on CPI news? Isn't it good for USD that Inflation started to drop, meaning hikes started to have an effect as it was planned they should?

Actually, two questions. Is it possible to add let's say 2H TF on the platform for example by some modding or whatever? Thanks
I am trading since 2009 and every day I feel like I know nothing...its a never ending learning process and the second you stop being humble, the market will rip you apart. So I always expect the worst possible outcome of every trade and then can plan accordingly, when it comes to money management.

USD is "overpriced", it will depreciate much more, I think...some news will slow the drop down, some will speed it up, but I think we are heading towards 100 or lower.

When it comes to alternative charting, tradingview is offering it, I think. But it won't give you anything of extra value...you don't need it to be able to read the PA and thats all that matters, anyway...looking for strength or weakness.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 30.3%
to: TheWolf
Yes, very chaotic economics, most of the times not as simple as it looks, but always has some logic to it.
We wish to get it right every time and un puzzle

CPI higher, consumers (households/buyers) has more cash to spend, good for business/ economical outlook. Inflation will lower / economy stabilise. The reason why on the positive news US dollar depreciated is due to next bank interest rate hike. Bank interest rate rise expectation for Sept 0.75%, now due to CPI figures could change things and extreme rate rise can be lowered to 0.50%.
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