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USD/JPY Discussion 8 replies

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USD/JPY Discussion

Dont lose....
Good trades.
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USD JPY ABC potential correction
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Dipped below previously tested twice. I sold one short at 114.4. Holding one for longer term.
Quoting Dano12
USD JPY ABC potential correction {image}
well, bought at dip in Asia, 114.38. my stop tuesday NY/Tokyo low. Never mind 20 pips. Expect a pull back
Intraday only.
Quoting navk
{quote} well, bought at dip in Asia, 114.38. my stop tuesday NY/Tokyo low. Never mind 20 pips. Expect a pull back
Agreed pullback underway. I sold at 115.2 yesterday, if it comes back up I have order on to sell at 115.25.
What the hell was that spike?
don't get in love with pairs ... up or down is the same pip value
Quoting Hollyforex
What the hell was that spike?
Nikkei

Btw, Did you cover yesterday?
Quoting Hollyforex
What the hell was that spike?
for real. what the fuck was that???
BOJ intervention
Quoting mr305
{quote} for real. what the fuck was that???
preparation for a new low. below 114

http://www.forexfactory.com/showthre...41#post8742241
As Above, So Below
Quoting Ken A
{quote} Nikkei Btw, Did you cover yesterday?
No, could have gone out with thirty forty pips, but I didnt
don't get in love with pairs ... up or down is the same pip value
Quoting Hollyforex
What the hell was that spike?
Seems like someone out of their shorts now and ran the stops.

Retracing quickly so it wasn't any BOJ intervention.

No news.

Lets see if the triple bottom on the hourly chart holds.

GREEN pips to one and all.
USD/JPY has popped over 70 pips to briefly drive above the 115.00 before losign it again, in what appears to have been intervention by the BOJ, as the pair now trades below the 115.00 level, which appears to be the line in the sand drawn by Japanese officials.

It is well known within the inner circles of the exports community in Japan that a Yen appreciation against the USD past the 115.00 is undesirable. That said, BOJ officials have learnt over the years that no matter how much intervention takes place, fighting the market tends to be a suicidal proposition.
Quoting NotAgain
BOJ intervention
can you post a source with that. None of my feeds have any news.
USD/JPY - BOJ does a ring around to 'check rates'
http://assets.forexfactory.net/nfs/p...g?_=1455071326

From forexlive.com

http://www.forexfactory.com/resource...tory-quote.png

Intervention can take many forms There's 'jawboning' - talking about a currency to influence the direction There's actively going to the market and buying/selling to push the rate and stop a few speculators out (there are different ways of doing this) In between those two there is the simple act of the central bank (in this case the BOJ) calling up some interbank dealers at the banks and asking for a 'check' on where the price is. This is often enough to trigger buying (of USD/JPY in this case). This is what just happened according to what I've heard.

don't get in love with pairs ... up or down is the same pip value
Quoting Hollyforex
USD/JPY - BOJ does a ring around to 'check rates' {image} From forexlive.com {image} Intervention can take many forms There's 'jawboning' - talking about a currency to influence the direction There's actively going to the market and buying/selling to push the rate and stop a few speculators out (there are different ways of doing this) In between those two there is the simple act of the central bank (in this case the BOJ) calling up some interbank dealers...
"according to what I heard", sometimes .... these guys.. I dont know , its like they have to write something.
Anyways interesting triple bottom here, if we breach I'm out , faster than shit...
don't get in love with pairs ... up or down is the same pip value
Quoting Hollyforex
USD/JPY - BOJ does a ring around to 'check rates' {image} From forexlive.com {image} Intervention can take many forms There's 'jawboning' - talking about a currency to influence the direction There's actively going to the market and buying/selling to push the rate and stop a few speculators out (there are different ways of doing this) In between those two there is the simple act of the central bank (in this case the BOJ) calling up some interbank dealers...
Forexlive crap can post anything they want because they have to find a way to cover their loss but why does FF news moderator published it as a High Impact Breaking News? Isn't it suspicious?
You cannot learn better without losing
Quoting Ken A
{quote} Because no one is telling anyone what they are going to do or after doing that
Exactly the same happened to euro. I think ECB QE operation started earlier at 1.28xx but they announced at 1.114x
You cannot learn better without losing
http://www.fxstreet.com/news/forex-n...6-0d69c52a03aa
The USDJPY is coming close to the 114.00 level, the bearish trend is still in place and the pair may continue dropping.
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