USD/JPY Discussion

I don’t know if I want to short since tomorrow there is a FED speaker and some US data

stocks were strong too earlier

Im short ftom near daily high

Back up again I guess

anyone else long, went long yesterday at 106.40 just added a little more here at 106.97 not to concerned with the perfect entry just trying to build a position

I guess not, already in the balck, good luck everyone.

You're not alone.

The xxxjpy rallies have kept stalling that it has become frustrating lol.

I went long on GJ from 149.27 last night, was targeting just 149.55 as a trial. It got to 149.4x and then failed lol.

Am still holding long at 149.34 since 15/2/2018....greed is evil

I don't think we truly have a direction, up or down, until one of the two gray areas is consumed. The longer term trend is down, so I would be more apt to play shorts from the higher gray area down to the lower gray area, if PA sets up. But thanks to the strong buying pre-London, PA might be tough to read, as far as what needs to be consumed for shorts to take over. My guess is until the US news settles in the next few hours we see nothing but chop around the 107 area and inbetween these two gray areas with no easy to read PA in either direction.

i entered a long position, will probably be bullish this week or maybe not

target 107.8 or 108+, stop below 106.8

something I might consider over the next day or so....

Same situation different day! Everyone is giddy and the markets are purposely stagnant to remind you "something" important is coming. Wonder what the next ground breaking earth shattering news will be. The "eye candy" they've put in front of our faces screams "go long". Just to make sure everyone knows how important Powell's silly and useless comments will be they throw this in your face. "We're telling you how important this is, so you must act and trade"

"Stock rally could depend on whether Powell is hands-off on policy for now"

"Forex majors consolidate in front of Fed chair Powell"

There is no doubt there are a meaty number of various orders above, and accumulation of orders below. It will be interesting to see what price does!

I can see it now: We were thinking about having thoughts concerning interest rate hikes. Although we are very happy and equally unhappy about the economy, inflation plays a key role. Notwithstanding inflation is resting in between garbage and excellent, interest rates are another matter. We were thinking about the possibility of exploring thoughts about about whether to raise interest rates, because as you know inflation is in between fantastic and crap, the economy is steaming along somewhere between good and bad, and so this opens the possibility of having a thought about interest rates!!
What a joke!!

Early movement before the news.....

I’m long USD across the board and short EUR/JPY.

In profit with stop already. I can’t lose.

hehe

I went short....isn't trading fun!

Too dangerous in my opinion. I think there is more upside today past 107.3.

makes more sense to short eur/jpy

probably right! and all the "numbers" sucked today! bad numbers with up movement, is usually a setup for the other way! be careful...

Powell Q/A session coming up at 10, more volatility ahead.

107.3 is the next resistance level to break. Further downside below 106.8.

interesting how the upper "clean and sweep" happened before the news releases!! Boy these guys are tricky!!!