USD/JPY Discussion | Page 3809 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 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

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #76,161
  • May 1, 2018 1:03pm May 1, 2018 1:03pm
Quoting MrPresident
i sold from around 109.7 to see if it will fall down stop 110.3 take profit, 108.5 maybe
exited position, not certain that bulls are done yet
Don't Worry Be Happy
  • #76,162
  • May 1, 2018 1:50pm May 1, 2018 1:50pm
Quoting MrPresident
{quote} exited position, not certain that bulls are done yet
Entered 109.75 Tp 109.99
  • #76,163
  • Edited 3:26pm May 1, 2018 2:52pm | Edited 3:26pm
With tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that.

Couple things to look at:

1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again.
2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD)
3) The USD needs to breathe.
4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830


But remember the market always reacts afterwards, to the FEDs decision.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3-month T-bill 2.jpg Size: 110 KB
Click to Enlarge Name: banks.jpg Size: 120 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #76,164
  • May 1, 2018 4:44pm May 1, 2018 4:44pm
Quoting COGSx86
With tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that. Couple things to look at: 1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again. 2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD) 3) The USD needs to breathe. 4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830 But remember...
There wont be any rate hike till June So tommorows event shouldnt create much of ripples..
but we will see.
Your friendly neighbourhood Sith
  • #76,165
  • May 1, 2018 4:56pm May 1, 2018 4:56pm
Good info bro!

KP

Quoting COGSx86
With tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that. Couple things to look at: 1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again. 2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD) 3) The USD needs to breathe. 4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830 But remember...
Do your homework, follow the footprints of smart money
  • #76,166
  • May 1, 2018 4:59pm May 1, 2018 4:59pm
Data of yesterday has now been added.
Attached Image (click to enlarge)
Click to Enlarge Name: thefed.png Size: 49 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #76,167
  • May 1, 2018 5:09pm May 1, 2018 5:09pm
will it stall out below 110 or move above? tempted to go long again
Don't Worry Be Happy
  • #76,168
  • May 1, 2018 5:29pm May 1, 2018 5:29pm
Quoting MrPresident
will it stall out below 110 or move above? tempted to go long again

another flag forming and with the push today, high probable chance of 110.05
Learn, a forex trader must, unlearn and relearn he will.
  • #76,169
  • May 1, 2018 5:59pm May 1, 2018 5:59pm
It think usdjpy will go back to consolidate again ,price goes down
Win/Loss Ratio
  • #76,170
  • May 1, 2018 7:06pm May 1, 2018 7:06pm
Price is near trend-resistance. going up while volume is going down. Steam might be ending, but so far i haven't seen profit taking or short bilding by the smart money.
IMHO we need to wait, it has no indication for short on long terms...
just my 5 cents.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 72 KB
If you don't know how to earn money, don't loose it.
  • #76,171
  • May 1, 2018 8:03pm May 1, 2018 8:03pm
Quoting COGSx86
With tomorrows rate hike decision, the USD has been on a tear. But the FED might put an end to that. Couple things to look at: 1) 3-month treasuries have been hovering ahead of the FED funds rate now for a few weeks, and is gaining momentum again. 2) Oil has risen, with OPEC cutting supply some more. (Bad for the USD) 3) The USD needs to breathe. 4) Morgan Stanley (1st or 2nd largest forex player) wanted 110. So looks like they get their wish or close enough - https://www.forexfactory.com/showthr...0#post10922830 But remember...
Are you sure high Oil prices are bad for USD? IMHO cutting supply increases prices, yes, which means countries require more dollar reserves to trade the commodity. In other words, demand for dollar should drive dollar up.
Luck Favors the Bold
  • #76,172
  • May 1, 2018 8:59pm May 1, 2018 8:59pm
this could be a good spot for a long 61.8 fib
Attached Image (click to enlarge)
Click to Enlarge Name: 45.PNG Size: 46 KB
  • #76,173
  • May 1, 2018 9:14pm May 1, 2018 9:14pm
Quoting Callitradar
{quote} Are you sure high Oil prices are bad for USD? IMHO cutting supply increases prices, yes, which means countries require more dollar reserves to trade the commodity. In other words, demand for dollar should drive dollar up.

What does the chart say?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Oil-dxy.png Size: 94 KB
Click to Enlarge Name: oil-dxy-daily.png Size: 81 KB
Learn, a forex trader must, unlearn and relearn he will.
  • #76,174
  • May 1, 2018 9:30pm May 1, 2018 9:30pm
Quoting 4xjunkie
this could be a good spot for a long 61.8 fib{image}
I have the same analysis. Except on the 4h I had the extension only hit 38.2 so im a bit weary at the moment...

Attached Image
  • #76,175
  • May 1, 2018 9:57pm May 1, 2018 9:57pm
Quoting jagdpanther
{quote} I have the same analysis. Except on the 4h I had the extension only hit 38.2 so im a bit weary at the moment... {image}
You could call it a 3rd touch of the trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: 46.PNG Size: 54 KB
  • #76,176
  • May 1, 2018 10:53pm May 1, 2018 10:53pm
Quoting COGSx86
{quote} What does the chart say? {image} {image}
I see some periods of correlation and some without correlation. Do you know the correlation index of oil and the currency for the sake of curiosity. Wouldnt you consider the dollar index a better example of correlation?
Luck Favors the Bold
  • #76,177
  • May 2, 2018 12:44am May 2, 2018 12:44am
could be the beginning of a larger equal measured move, and the fib inversion from this last high to low, the 500% extension lines up with 111.000.
Attached Image (click to enlarge)
Click to Enlarge Name: 47.PNG Size: 51 KB
  • #76,178
  • May 2, 2018 12:48am May 2, 2018 12:48am
Quoting MrPresident
will it stall out below 110 or move above? tempted to go long again
I take BUY and put 7 or 8 pip Trailing stop. to guard against reversals.
  • #76,179
  • May 2, 2018 3:42am May 2, 2018 3:42am
Quoting Callitradar
{quote} I see some periods of correlation and some without correlation. Do you know the correlation index of oil and the currency for the sake of curiosity. Wouldnt you consider the dollar index a better example of correlation?
,

Look closer you should, with the chart posted, hmmm
Learn, a forex trader must, unlearn and relearn he will.
  • #76,180
  • May 2, 2018 6:22am May 2, 2018 6:22am
Is been well known for years, if not decades, that the dollar and oil, most of the times, move inversely to each other.

As COGS chart images show.
75 traders viewing now