USD/JPY Discussion

Violent swings in this pair the last couple days. I see the chatter has been calmed, people probably hate this pair now

2yr/10yr yield curve is flattening, spread is at 11 year low..

This pair doesnt wanna stop from going higher. Fundamentals dont back the bullishness movement, but I dont really feel like fighting a bull.

I feel the same way it really doesn't make much sense( not that anything really makes sense in forex..lol) makes me wonder if a big drop is coming?

its back at 110.30, maybe it wants to retest 110.75 first. time will tell, good luck.

it is having a hard time keeping it up on viagra, which likely will result in it crashing soon

prolonged consolidation is bad for bulls

Seems like everyone has a bearish take on U/J. Hard to disagree...

However some large fund flows are clearly and relentlessly pushing U/J higher in an ascending range. Most likely action for the remainder of the day seems to be a continuous and volatile churn higher burning all the short stops out of the market. I wouldn't be surprised to see 110.7XX or higher today as we approach the higher TF bearish trendline.

Tomorrow is the last day of the month. IF there is going be a decent drop it will be tomorrow, not today. Clearing the short stops on the way up while protecting the buy stops (dry kindling). I was shocked (/sarc) to see the buying in U/J rescue US equities right around 30 minutes before opening bell.

Playing the HOLO

what your trying to show, no idea!

What Im gonna show is a inverted bullish flag pattern forming on the daily. If or when price breaks this, it will also be breaking the weekly downtrend and price is gonna go higher, much higher.

sold 110.6, stop above 111

tp 110 and below

Price was rejected at the Weekly S1 (109.45) on Monday and Tuesday. This anticipates that price will go to the Weekly R1 (110.65). This is straight out of the fundamentals of using pivot point theory.

Peace.

USD/JPY moved above the 110.45 level but bulls are hesitating. The pair is holding around the weekly high and is keeping neutral to positive stance. Indicators are losing directional strength and showing lack of stability around the positive area.

I am thinking this is the big daddy stop wipe out rally to 112 before it goes down

10 years spread not supporting the current price but 2 year spread is a little more supportive. Fed intervention continued with another $20.4bn, so expecting lower liquidity. Will be looking for short opportunities 110.80 to 110.90 and maybe 111.10 ish

Top of 1H bulish trend. Bellow supply area.
For a friday, last day of month, 1h chart shows high activity on almost all bars... a run might be near.
Which way? i don't know. but i'll be watching!

Good opportunity to go short i think.

Scenario still in play

We should definitely hit and break 120 if Trump imposes a 25% import duty on Japanese cars.

UJ waiting for sell opportunity on break of blue daily trendline with retest

the jpy might be intensified.
h1.
the signs are encouraging.
of course it is only temporary.