USD/JPY Discussion

almost 1000 pages.

http://i47.tinypic.com/28jbl3t.jpg

looks like they are taking a breather ... will have to wait and see which way it moves

general trend is still down on the hourly chart i guess

http://i49.tinypic.com/2wddmi0.jpg

have to wait for direction

Watching the same as most others...dead volume though...

http://i24.photobucket.com/albums/c2...ex/th_UJ-3.jpg

wow...those are some very colorful charts!

where do the uj will go today expecting big ben speech ???

If he is hawkish in some way probably up...let's see what he talks about...if he mentions paying interest on reserves then that is reducing QE but who knows what he would say...if I had to bet I would say buy USD as it is near bottom of trend line

http://clc4x.files.wordpress.com/201...if?w=644&h=370

I may trade USDJPY for very short term. I use H4 as major trend which is slightly bearish now.

http://clc4x.files.wordpress.com/201...24feb20101.gif

room for a drop of another 40pips ?

bullish if we can hold 61.8 retrace. Holding up so far.

Well so much for going long.

i think market say going short

Holy nose dive, batman! Stepped away for the computer for and hour and KABAM... my short from 90.25 was closed @ 89.85. I thought that would not even sniff until US session tomorrow. Did something happen....or was it just order flows?

Regards,

Actually what happened was the EUR/USD broke down and the USD/JPY is following. I heard that's the norm these days because the JPY is benefitting from the Dollar's strength against the EUR. I saw an article today from Bloomberg suggesting that the USD/JPY is poised to drop to 87! I think I'll hold my short for now.

I'm short from 8957, 8872 target

yeah looks like price is heading down to previous lows....
My bias was long till the drop, I'll be looking to sell strength on further Dollar weakness....

its a time to long now ? 89.46 ?

Hello Guys my first post here I'm going Long on USD/JPY and also long on GBP/JPY

tp on USD/JPY = 91.16
tp on GBP/JPY = 139.07

I think we have avery oversold JPY and also we reached the historical levels of 1995 low so I think we can see an uptrend from here and up.