USD/JPY Discussion

Do you lock the first position when you open the second one so you reduce your losses in case the trend reversed? or what's your escape strategy if you don't mind me asking?

He has the rate he takes profit at on the image.

Best Regards.

USD/JPY: What Would It Take To Break 107 - MUFG

MUFG Research discusses USD/JPY tactical outlook in light of the latest delay of the imposition of further tariffs on Chinese imports.
"A decision by the Trump administration to delay implementation of some tariffs on Chinese imports has seen a number of currencies surge against the Japanese yen. Yesterday this decision, which targets a subset of the goods that US President Trump recently announced would be getting a 10% tariff on the 1st of September, sent USD/JPY soaring up nearly 1.3%, bouncing off the 107.00 level to close nearer the 106.50 level," MUFG notes.
"Whether USD/JPY continues to climb back up towards 107.00 and breaches it, in the near term depends on two key factors – 1) whether this announcement is followed up by positive reciprocity from China, and 2) the extent to which the Fed’s rate path and US bond market expectations are reconciled," MUFG adds.

Anyone interested in scalping the hourly ?????
https://forextradingstrategies4u.com...ding-strategy/

It's an interesting strategy. I am willing to learn. Thanks

nice pop on yen for a second

i just holding short 106.37@UJ, SL:107.78, TP:105.50

What happened on it. Nothing calendar economy on that clock?

already retraced and some

Whipsaw action but the trend is down

I think selling the spikes will be profitable

Barring a twit... All aboard! IMNO that is.

Look at that sexy inverted Head n Shoulders!!!

#NIKKEI / Weekly / Four Ideas

Danske Research discusses USD/JPY and EUR/USD tactical outlook and expects a move towards 105 and 1.10 respectively.
USD/JPY is still trading with a heavy tone as global bond yields are making new lows and commodity prices remain under pressure; another test of 105 should be on the cards," Danske notes.

"Yesterday, dovish comments from ECB’s Rehn regarding September’s easing move took EUR/USD lower towards 1.11 after the pair had otherwise been surprisingly steady this week. A move to 1.10 is likely for EUR/USD short term. On a 6-12M horizon we do stress, however, that EUR/USD is likely to edge higher yet again as we are likely to see a Fed that moves more aggressively on easing than its recent hesitant approach points to," Danske adds.

MUFG Research discusses USD/JPY tactical outlook and maintains a bearish bias, expecting a move towards 104.50 in the near-term.
"Traders could take a wait-and-see stance ahead of the Kansas City Fed’s economic forum in Jackson Hole, Wyoming, next week. But falling US yields are keeping USD from gaining strength, and yen-buying driven by risk aversion also means big downside risk for USDJPY. USDJPY did dip to 105.05 at one point.

Exporters and foreign bond holders (redeeming bonds) will be repatriating funds, and yen-buying flows could lead to USDJPY testing below the 105 level," MUFG notes.

"All eyes at Jackson Hole will be on whether Fed Chair Jerome Powell changes his stance. He had indicated after the July FOMC meeting that an easing phase has not begun, and further rate cuts are not likely. If he takes on a more dovish tone in August, US yields could decline and USD weaken. Headline risks surrounding the US-China trade war will also bear watching. Market liquidity is thin in August, and an unexpected big movement like the ‘Flash Crash’ over the New Year holidays, is a possibility," MUFG adds.

Decent short term gambles would be to buy at historically cheap prices. Anything cheaper than 105.050 is pretty good.

I personally think it could go as low as 104.900, but I'll be buying at 105.000.

Historical volatility reached and also 52 week high of seller participants means that down trend should start exhausting (if only for a short while). You can look for technical confirmation, but bounces from covering and profit taking don't usually give you second opportunities.

Again, this would be a short term gamble over a 5-day-ish time horizon. Wouldn't get greedy, as the medium term outlook is still down (6 months+).

Looking pretty bearish here,