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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'm still waiting for it to clear 120. After that, I think it will go to 123 easily. 118 looks like it will be solid support for any pullbacks.Ignored
DislikedIf bears manage to close below 120 today, we might get a good correction finally.Ignored
Disliked{quote} 121.8 is my correction target. I think it will get there before we see anything substantial.Ignored
DislikedAll of these yen pairs skyrocketing on increasingly lower volume is sketchy AF.Ignored
Disliked{quote} 118 is mine, even though I think BoJ will step in and bring this below 115.Ignored
Disliked{quote} 118 is mine, even though I think BoJ will step in and bring this below 115.Ignored
Disliked{quote} You said 118 was where you thought it would stop at.. unless you meant we would bounce off that and back to the highs?Ignored
Disliked{quote} Makes perfect sense to me. Yen is a risk currency. The world is about to get risky as hell. If I were a market maker I would be driving the price down so I could get in low and watch it soar. The same thing happens to the market right before big news. The market will suddenly shoot up to a point of resistance only to then turn around on the news. (or down). Same appears to be happening here just on a grander scale. I am just waiting on the signal that shit is fucked up. Til then stacking crypto and watching the yen win.Ignored
Dislikedthis last move is my guess result of commodity spike (Yen being very sensitive as a net importing country) and more aggressive Fed hiking bets in the market (UST10Y yield up up up).Ignored
Disliked{quote} Your guess is most likely correct. The Japanese economy will end up being hit hard by the surge in raw material prices, but this move really accelerated due to the divergence of the two central banks last week, with the BOJ looking increasingly dovish relative to the Fed. The ease at which this pair blew past the key psychological level of 120 on higher volume on Tuesday could be a signal of more potential upside if risk sentiment continues to recover. However, USD/JPY does look overextended, and it might also be worth noting DXY was rejected...Ignored
DislikedIf bears manage to close below 120 today, we might get a good correction finally.Ignored