USD/JPY gets hit hard

Bond buying for the JPY is the first week of the month. Just like April, March, Feb, JPY strengthened at the end of the month and then the first week bond buying begins. This will be the third month of the 24 month program of adding 1% more YEN to the economy. This is a rally in the down trend of the JPY. Get your buy positions ready for next weeks bond sales. xxx/JPY buys next week. Hold or reenter for the first 10 days and sell off before the middle of the month. Then during the end of June the bulls will return with all their silly talk as the JPY rallies once again in its planned DT. Just check your daily charts month by month and you will see the pattern. JPY falls at the beginning of the month, (rising on the charts) settles in and goes to a higher high, then it rallies (goes down on the charts to a higher low and at the beginning of the month repeats the pattern again. Just put a daily chart on your screen of usd/jpy, gbp/jpy, eur/jpy, cad/jpy and you will see this pattern happen every month. It is a govt. designed move.

SL hunter

a simple correction is not a hit . some group of buyers are not sure enough to keep there positions and that's it .

99 is still a healthy level for them, so it is possible.

Kuroda, Abe and the rest all the time are repeating that their plan is to achieve the 2% inflation goal, but as it looks so easy to be done, it is not in reality. Exporters are trying to help BOJ with buying foreign currency bonds, and what is the most interesting part is that BOJ is realizing the peoples wages will be distorted as QQ easing continues, as well as the living standard. The most viable way for the currency is to keep it between 103 and 100 for a short time until more exports are in the way, as US also proclaimed to help Japan. Nikei225 is telling its exhaustion as a normal cycle of the trading life. Trade the swing, for how long, it is up to you to judge. But surely after some time it will be again around 94 or 95 by the analysis, around September 2013, as I said earlier.

any new why suddenly this pair drop. confusing..

Japan weaker due to the US CB Consumer Confidence, the report help Eur as well due to the investment US people the Europe.

no news i think japan is checking there money left under the carpet , so it means it will goo more hard - What u think guys -----------99

wow in stress by this little drop must be in the wrong positions

So any ideas whats going to happen next ? Climb back up or drop further ?

Chances are usdjpy will go up. Japanese government will not let it drop. So just hang on to long

Just look to the Nikei. Nikei make new low now 14030, UJ will make a new low too. June month will be bearish.

Hello everyone,
As i wrote in yesterdays news.Be carefull with any short term buying USD/JPY since we may see more down and testing 100.85 according my Volume analysis.


Best Regards,
Petar

That makes sense. If that holds then it should hit 100.0 this week.

yes. look on JGB, yield, and Nikei

it is because of diamond formed, a result of pushing price up by the BOJ maybe, news are rubbish

anyone have any explanation for this drop?? its amazing. after a nice bullish bar the price drop!!! crazy pair.

Furthur drop is a must, however, dont know whether it will go up a little bit first

Nikkei in the selling pressure drop from the high 14685 to 14045. Buyers at 14040, if this broken uj also will drop more to 100.50

usd will come back and go up by end of day

Yes, look at the daily chart, you can then calculate everything.