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USD/JPY Discussion

  • #76,501
  • May 15, 2018 7:23am May 15, 2018 7:23am
it looks like we are on our way to 111.00. I dont believe it going to take very long.
  • #76,502
  • May 15, 2018 7:38am May 15, 2018 7:38am
Quoting Luzbay
Lift off?
  • #76,503
  • May 15, 2018 7:42am May 15, 2018 7:42am
Strong daily resistance at 110.25 touched now, Which is 127% of previous bearish trend.
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  • #76,504
  • May 15, 2018 8:38am May 15, 2018 8:38am
Quoting MrPresident
110 and above probably today
110.5 is next probably

111 should be difficult to exceed
Don't Worry Be Happy
  • #76,505
  • May 15, 2018 8:38am May 15, 2018 8:38am
No bounce @110.2,,,, and from 110.3 a little retrace...
May be really 111 level achievable. Or even 112?
Forcemeat can not be unrolled back...
  • #76,506
  • May 15, 2018 9:15am May 15, 2018 9:15am
Quoting catroot
No bounce @110.2,,,, and from 110.3 a little retrace... May be really 111 level achievable. Or even 112?
i doubt 112 but maybe 110.5 max and 111 would be an extreme

i went short from 110.3 region, target 107
Don't Worry Be Happy
  • #76,507
  • May 15, 2018 9:22am May 15, 2018 9:22am
Quoting MrPresident
{quote} i doubt 112 but maybe 110.5 max and 111 would be an extreme i went short from 110.3 region, target 107
Same here.This rally cleaned up stops above 110 for bears and trapped some fresh bulls.Lets see where it goes from here.
Your friendly neighbourhood Sith
  • #76,508
  • May 15, 2018 10:16am May 15, 2018 10:16am
Treasuries dropping, rates rising. I expect USDollar to continue to rise also. And oh BTW gold like Treasuries is dropping.
  • #76,509
  • May 15, 2018 10:26am May 15, 2018 10:26am
All fundamentals and technicals pointing to further dollar strength, currently.

Daily chart currently showing a very powerful daily candle breaking existing resistance.

111.30 to 111.75 in reach, I think.
  • #76,510
  • May 15, 2018 10:31am May 15, 2018 10:31am
Quoting Luzbay
All fundamentals and technicals pointing to further dollar strength, currently. Daily chart currently showing a very powerful daily candle breaking existing resistance. 111.30 to 111.75 in reach, I think.
then my shorts will be destroyed and i will be naked
Don't Worry Be Happy
  • #76,511
  • May 15, 2018 10:42am May 15, 2018 10:42am
reasons why JPY may appreciate in the short term

1. Japan Prelim GDP q/q is coming out during the next session, stronger GDP will be JPY positive
2. Japan National Core CPI y/y is coming out later this week, any indication of rising inflation will be JPY positive
3. Geopolitics and trade war risks
4. The USD is still largely in a range and USD/JPY did not even get above 110.5, which is a strong resistance level
5. The market thinks that the BOJ can't end easing or raise rates anytime soon because there is no inflation, but that could change once the economy gains strength and inflation starts to grow

That's why I'm selling rallies
Don't Worry Be Happy
  • #76,512
  • May 15, 2018 10:47am May 15, 2018 10:47am
The Japanese economy hasn't gained strength in decades. They were the first to go to ZIRP and will most likely be the last to end it.
  • #76,513
  • May 15, 2018 10:49am May 15, 2018 10:49am
Quoting MrPresident
{quote} then my shorts will be destroyed and i will be naked
Prepare. 110.2 was a serious level.
Forcemeat can not be unrolled back...
  • #76,514
  • May 15, 2018 10:53am May 15, 2018 10:53am
Quoting MrPresident
reasons why JPY may appreciate in the short term 1. Japan Prelim GDP q/q is coming out during the next session, stronger GDP will be JPY positive 2. Japan National Core CPI y/y is coming out later this week, any indication of rising inflation will be JPY positive 3. Geopolitics and trade war risks 4. The USD is still largely in a range and USD/JPY did not even get above 110.5, which is a strong resistance level 5. The market thinks that the BOJ can't end easing or raise rates anytime soon because there is no inflation, but that could change once...
Not found any serious reason to get naked on the street.
111 is a weekly resistance. If it leave us without a bounce - 112 and up untill the channel ends. So far, the h4 channel 100% healthy.
Forcemeat can not be unrolled back...
  • #76,515
  • May 15, 2018 10:58am May 15, 2018 10:58am
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  • #76,516
  • May 15, 2018 2:16pm May 15, 2018 2:16pm
USD/JPY made good rally today and currently is pressuring the February’s high at 110.48, which could be a possible breakout point.
  • #76,517
  • May 15, 2018 3:13pm May 15, 2018 3:13pm
Headline I just saw:

North Korea warns US as it suspends South Korea talks over military drills
  • #76,518
  • May 15, 2018 3:14pm May 15, 2018 3:14pm
Quoting Lot77
USD/JPY made good rally today and currently is pressuring the February’s high at 110.48, which could be a possible breakout point.
Or a failure and then back down
Don't Worry Be Happy
  • #76,519
  • May 15, 2018 3:17pm May 15, 2018 3:17pm
Yep now reported on BBC

http://www.bbc.co.uk/news/world-asia-44133308
  • #76,520
  • May 15, 2018 3:25pm May 15, 2018 3:25pm
Lets see if it breaks
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