USD/JPY Discussion

The US dollar is the best value. In the long run, it is speculated that the Japanese yen will lose value due to the declining birthrate, pension and salary problems.

You can say that about 100% of the currencies out there eventually they will be worth nothing

So the sun shines, the birds chirp and all is well in your world huh? lol

#USDJPY / H1

Big yes

Attention is focused on Congressional testimony by Vice Chairman Barr (in charge of financial supervision) of the US Federal Reserve Board (FRB) regarding responses to financial system instability. I think that there will probably be no problem announced, and the value of the US dollar will rise.

Sold @ 131.89 Target 129.75


Closed at BE.. will look for sell higher

caught near the top. Think this one can go for a little ride down.

Short term short. 131.5 target. Small break before we go further up. Still holding longs.

I ended up closing at 1% growth. Can go a little higher based off htf.

Going long with a 24 hour goal of 133.00 to 133.50

A little bit of Friday fun and good vibes!

At the end of February I accepted an offer of "free money" from a broker named XM. I don't usually go for these kinds of promotions. But I thought it would be fun to try something new and pass the time between my usual boring trading routine.

They gave me 13489 JPY to trade with. I decided to aim for 5% 10 pip daily targets with a massive 50% 100 pip SL, compounding trade sizes as the account grows. The trade had to be roughly at the same time every morning (before the Tokyo open) and in the direction of the trend. Simple.

I started trading AZ but the spread was too big, so I switched to UJ.

The last trade of the month has just closed and the account is now doubled. Lets see how far we can take it! High risk so not recommended, but good fun to pass the time If you ever get the chance to trade a free account. I am also running the exact method on EU with another broker (HFM) and their offer of free credit.

Happy new financial year everyone!

PS, I did not highlight the broker names on my post, FF has done that automatically!

We expect the actual value of the personal consumption expenditure (PCE) deflator to be higher than expected and the dollar to strengthen.

Well I hope that YOU/THEM are correct. Staying long UJ

big gap up? market open at 133.5?

(ISM) The manufacturing business index will be the focus, but if the wariness of wage inflation recurs, the dollar will be bought.

The Japanese yen will not earn interest for some time.
⇨The value of the dollar will continue to rise.

Targets based on range from current weekly high/low.

Cheers!