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USD/JPY Discussion

  • #76,861
  • Jun 5, 2018 1:43am Jun 5, 2018 1:43am
Quoting VanceT
USDJPY_4hr_10s_&_2s {image}

Hey

I have gone to the New york feds market data page you provided Here but having trouble. Im curious how would I go about developing the same chart as you posted above?
Learn, a forex trader must, unlearn and relearn he will.
  • #76,862
  • Edited 4:42am Jun 5, 2018 1:56am | Edited 4:42am
Quoting COGSx86
{quote} Hey I have gone to the New york feds market data page you provided Here but having trouble. Im curious how would I go about developing the same chart as you posted above?
The Fed site link provided, displays the data related to their market intervention. The higher the number accepted the lower the USD liquidity. This site will not provide the yield data
  • #76,863
  • Jun 5, 2018 7:15am Jun 5, 2018 7:15am
Another key number to watch on Fed page is SOFR Secured Overnight Financing Rate. Many consider it a more anticipatory way of watching short term rates than the Fed Funds Rate.
  • #76,864
  • Jun 5, 2018 8:05am Jun 5, 2018 8:05am
it may now turn more bearish, bulls failed under 110

i'm selling with a stop above 110.5, target 105 for medium term
Don't Worry Be Happy
  • #76,865
  • Jun 5, 2018 9:25am Jun 5, 2018 9:25am
Of the wedge, second break, I see, hmmmm.
Attached Image (click to enlarge)
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Learn, a forex trader must, unlearn and relearn he will.
  • #76,866
  • Edited 2:31pm Jun 5, 2018 9:31am | Edited 2:31pm
Quoting MrPresident
it may now turn more bearish, bulls failed under 110 i'm selling with a stop above 110.5, target 105 for medium term
110.1x was the 61.8% fibo retracement for last drop to 108.1x.It failed to get there or will it try again?
Your friendly neighbourhood Sith
  • #76,867
  • Jun 5, 2018 9:46am Jun 5, 2018 9:46am
109.98-99 should be next. then sell it.
  • #76,868
  • Jun 5, 2018 1:03pm Jun 5, 2018 1:03pm
It seems to be making a weak attempt to hit 109.9xx or even .8xx
  • #76,869
  • Jun 5, 2018 1:18pm Jun 5, 2018 1:18pm
Quoting 4xjunkie
109.98-99 should be next. then sell it.
Wow, you were pretty spot on. Good job!
  • #76,870
  • Jun 5, 2018 1:26pm Jun 5, 2018 1:26pm
Quoting SirYodaa
It seems to be making a weak attempt to hit 109.9xx or even .8xx
I think this too. Good luck .
Together we can be strongest
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  • #76,871
  • Jun 5, 2018 4:29pm Jun 5, 2018 4:29pm
When you wake up to see this shit...

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  • #76,872
  • Jun 6, 2018 12:25am Jun 6, 2018 12:25am
USDJPY_4hr_10s_&_2s
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  • #76,873
  • Jun 6, 2018 1:02am Jun 6, 2018 1:02am
Smells like 106.8
Forcemeat can not be unrolled back...
  • #76,874
  • Jun 6, 2018 2:08am Jun 6, 2018 2:08am
Quoting theDHT
{quote} as headline and geopolitical risk subsides from memory, I am expecting a retest of 111 soon... before continuing higher J7 H4 {image}
My thoughts on UJ

the critical level remains trend line resistance that connects the June 2015 high to the December 2016 lower high... once we breach that (and I'm betting we will), its clear skies.

the yen futures paint a clearer picture

Daily
Attached Image (click to enlarge)
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just my 2 cents

play safe

90% of people, are wrong about 90% of everything, 90% of the time...
  • #76,875
  • Jun 6, 2018 7:15am Jun 6, 2018 7:15am
Well its increase was widely expected. A lot of demand for greenbacks. (or what their called nowadays.)

Damn shame there wasn't a brief pullback. But there still could be. Its in a rather tricky situation at the moment.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #76,876
  • Jun 6, 2018 7:19am Jun 6, 2018 7:19am
Seems to me as EUR gains strength people are taking their money out of JPY and back into EUR. JPY being a safe haven currency and all. This pair only has up to go.
  • #76,877
  • Jun 6, 2018 7:21am Jun 6, 2018 7:21am
Quoting CannonScout
Well its increase was widely expected. A lot of demand for greenbacks. (or what their called nowadays.) Damn shame there wasn't a brief pullback. But there still could be. Its in a rather tricky situation at the moment.

expect a pullback for the rest of the week
90% of people, are wrong about 90% of everything, 90% of the time...
  • #76,878
  • Jun 6, 2018 8:07am Jun 6, 2018 8:07am
Yen is weak across the board. Dollar is up against Euro/Aussie/Kiwi, not much else.

Until any further funnymental news driver I don't see UJ moving much higher or lower at the moment. But things can change quickly with one ridiculous Trumpie Tweet so who knows.
  • #76,879
  • Jun 6, 2018 8:32am Jun 6, 2018 8:32am
Just noticed on a H1 chart that has volume (based on ticks) earlier up move had lower than typical volume so I would expect this retracement to continue a while longer - and possibly accelerate.
  • #76,880
  • Jun 6, 2018 8:32am Jun 6, 2018 8:32am
I took some time off to do some study/research. I am really kicking myself for not having the zone under the arrow correctly marked as 1H supply. Just dumb of me to see it on 4H as of no significance when on 1H it is so obviously. A touch trade here already yielded over 1:1 R:R.
Attached Image (click to enlarge)
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