USD/JPY Discussion

Looks like a cleanup of the shorts

would be funny for everything to reverse after the BOJ announcement today

I predict to continue the northern expedition till NFP.

I did suggest a basing could have been in place on post https://www.forexfactory.com/showthr...4#post10846784. Sadly, the thread was then hijacked for mental health reasons as folks piled on to openly discuss their Trump derangement syndrome.

The bull train might have just gotten the push it needs.It might just keep chugging along after NFP so watch out.

This news of Kim is phenomenal.China and US might have to find another proxy to lock horns

Technically, I don't think its time for the bull run the arena..but of course as expected they made some correction of the price for better pricing for sellers.

I go SELL on 61.8% Fibo.. TRAP TL for prone for reversal..

missed the d1 completely. 4 time down, divergence.
strong h4 up candle. i am waiting to see whether can break the stronger trend line.

I hope it does with all the jpy crosses

Thought the mid to upper 106's would happen tomorrow with NFP. Anyways nice few pips from this morning. Reversed my trade, expecting the next downdraft!
NFP will be fun .....

I just exit my position for better pricing..

USD is strong they said -

https://www.bloomberg.com/news/artic...ate-since-2007

107.3 or 107.5 next hopefully

FYP

So ummm is going from under 106 to almost over 107 basing? Just curious.

Keeping in mind ATR of UJ.

I expected this pair to move to the upside.

So, where we going? the void from the previous move is now filled, and there is no void up to the 107.50's. The void now exists lower... We'll see!
I shorted yesterday around the 80's as my I must follow what I see, and trade my method. It doesn't always work, but that's trading. Time will tell..
On this announcement, I give myself a wide birth for my stops, just trying to stay out of their way!! There's no doubt that with some short and some long, one of us is definitely right,lol. Good luck all!!

While we wait for the BS numbers once again, I am reminded of the rediculousness of these numbers on the forex markets. Non farm has nothing to do with banks and the lending and borrowing market. If the number is higher or lower than expected, does Deutsche bank change their borrowing and lending practices? We only pay attention to it because they tell us to. Interesting....

Everything is great, fantastic and positive in the media and in traders minds. Would be a great place to sell into all this exuberance..... Could be!!
Again time will tell. Always looking to against the grain, just my way of thinking!

Awesome! non farm up, but unemployment actually increased. Hourly earnings actually went down. Good news? Shows you the mass of people not working!!
Good indicator of what's really going on. Not very impressive....

No doubt every retail trader went long on this news. Be careful....