USD/JPY under 113

USD/JPY under 113

From forexlive.com

Its a Japan holiday. There is no 'news' • Just more selling • Under 113, to its lowest since November of 2014 • Continuation. • But I'm sure someone will come up with a narrative, if you're really after one. Also - AUD, NZD, Gold, EUR, GBP ... all higher against the USD

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Feb 10, 2016 10:45pm

Quoting Guest

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rate increase...the currency gets weaker...rate decrease: it get stronger... amazing logic isn't it? maybe they just want to hunt the stops...

Ignored

USDJPY already moved long time for rate decrease~! Look at the current situation we are in, on the verge on a global economic tipping point!! That is much more significant than a little rate slash to JPY. You have to remember also USDJPY is a RISK-based pair that largely tied to equities.

Rtm

Feb 11, 2016 1:37am

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Quoting Guest

Disliked

Sure, I hold long xau/usd at 1088 and now 1200. I will still keep it on hold for serveral months.
I did long UJ....just a actions of belive in BOJ's rate cut. But now, I get lost ! The national-bank-actions seem to be not worked well. So I decided to stay away as your thought !

Ignored

Why hold paper gold for months, it has a shitty negative swap ?!

Sanguis

Feb 11, 2016 4:20am

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Quoting Golfingchef

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It's all because the Fed made a huge mistake by raising rates.
Don't be surprised to see them lower them at some point this year.
For buying USD, I am only buying USD/CAD due to oil.

Ignored

The problem is not the rate increase. The problem raised too late.

Not-KPMG

Feb 10, 2016 10:55pm

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Good 2-3 posts....Makes u think what about E/Usd. Total flux.

Golfingchef

Feb 10, 2016 7:46pm

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It's all because the Fed made a huge mistake by raising rates.
Don't be surprised to see them lower them at some point this year.
For buying USD, I am only buying USD/CAD due to oil.

Trader#B828

Feb 10, 2016 9:57pm

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Quoting Guest

Disliked

rate increase...the currency gets weaker...rate decrease: it get stronger... amazing logic isn't it? maybe they just want to hunt the stops...

Ignored

So foolishly !
The investors all around the world used JPY and EUR as funding currencies for investing.
Now everything go down: Bonds, shares...so what they will do ? They are going to take back the money, and don't care about investing anymore ---> They are becoming the side which buying back JPY and EUR. For surely, BOJ and ECB do not like that...they could cut rate more or go hell with deflation ! But no one is sure how these action will work well.
See the China, see the US. We have 2 big bombs. One is trying to not be forced to devaluing it's money; one is trying to not be forced to cut rate after rised up 0,25bp. If the bombs explosive... I don't think BOJ or ECB could get well of exchange rates (at least for a short time even if they decide to cut rate more).
So, the thing you should trading now, with muximum safety, not be UJ or EU but the Gold. Yep, Gold - Safety heaven for the case like that. Dont trying to trade UJ or EU if you want to live...get stuck inside the market fear & national Banks-actions, your money could be burned as lighting speed.

Trader#2AEE

Feb 10, 2016 11:33pm

Permalink

Quoting Guest

Disliked

So foolishly !
The investors all around the world used JPY and EUR as funding currencies for investing.
Now everything go down: Bonds, shares...so what they will do ? They are going to take back the money, and don't care about investing anymore ---> They are becoming the side which buying back JPY and EUR. For surely, BOJ and ECB do not like that...they could cut rate more or go hell with deflation ! But no one is sure how these action will work well.
See the China, see the US. We have 2 big bombs. One is trying to not be forced to devaluing it's...

Ignored

Sure, I hold long xau/usd at 1088 and now 1200. I will still keep it on hold for serveral months.
I did long UJ....just a actions of belive in BOJ's rate cut. But now, I get lost ! The national-bank-actions seem to be not worked well. So I decided to stay away as your thought !

xantiros

Feb 11, 2016 2:50am

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usd/jpy, next stop on 110

Trader#2AEE

Feb 11, 2016 2:52am

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Quoting Rtm

Disliked

Why hold paper gold for months, it has a shitty negative swap ?!

Ignored

Lol.
1200-1088 (reality now is 1216)...Maybe more in the future. See the profit.
Negative swap ? Sure, no double.

Trader#69D7

Feb 11, 2016 8:48pm

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The Fed was right in raising rates but does not want too strong of a dollar so they are laughing for nothing.... They are worried about low inflation and it will hurt if they promote negative interest rates. So, in my humble opinion, business as usual...In much worst shape is China and EU...