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USD/JPY Discussion

I thought just temp correction but seems usd continue weaker, if the Fed says will not start tapering today then uj could go lower
Hope everyone gets green pips
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Buy USDJPY We looking at a Long Term Head Shoulder
Quoting COGSx86
Wtih UJ ranging, this is a traders heaven. The lower range of UJ price (109, lower red zone) is very unlikely to be touched again in the next 4 weeks but a trader must keep this open to a possibility. {image}
Straight to 109, wasnt expecting that. But price will sooon find support to a retrace of 700-1200 points retrace,




Lots of downward pressure,
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Learn, a forex trader must, unlearn and relearn he will.
You typically see big swings like this in bottoms or tops and it should be backed up by the fundamentals.

108.75 is probably a pretty safe buy.
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"A true speculator tries the market small." - Jesse Livermore
Thursday Bullish?
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Quoting StudentofSoc
Thursday Bullish? {image}
Nice looking bullish flag.
"A true speculator tries the market small." - Jesse Livermore
Quoting StudentofSoc
Thursday Bullish? {image}
21, 21, 21 ,21 ,21 savage + pips
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Guys we heading for 110.50 - 111? Any thoughts on this?
Quoting Berandalan
{image}
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Quoting COGSx86
{quote} Straight to 109, price will sooon find support to a retrace of 700-1200 points retrace, {image} {image}
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When price doesnt break trend, find your projection points and TP. Strong upper ward flag. Might see some selling or stagnation. HTF Bullish trend continues.
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Learn, a forex trader must, unlearn and relearn he will.
Quoting Berandalan
{quote} {image}
Cash in and wait for break Trend
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No fancy charts, just common logic.
We seen one of the highest demands for 10 year treasury bonds yesterday.
This will drive yields down for certain.
As yields have a high correlation with USD/JPY we have a great opportunity to short.
SHORT USD/JPY to 108.70
Quoting funzodundee
No fancy charts, just common logic. We seen one of the highest demands for 10 year treasury bonds yesterday. This will drive yields down for certain. As yields have a high correlation with USD/JPY we have a great opportunity to short. SHORT USD/JPY to 108.70



And what does demand do in the bond market? Drops price, right?

So if bond prices are dropping and the US is giving away free money to allow the US stock market go up and your a foreign investor in Japan who lives in a stagnate/ deflationary economy, where you going to put your money?
Learn, a forex trader must, unlearn and relearn he will.
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Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
{quote} And what does demand do in the bond market? Drops price, right? So if bond prices are dropping and the US is giving away free money to allow the US stock market go up and your a foreign investor in Japan who lives in a stagnate/ deflationary economy, where you going to put your money?
Bond prices are RISING which means yields are falling.
Surely you knew that?
Quoting funzodundee
No fancy charts, just common logic. We seen one of the highest demands for 10 year treasury bonds yesterday. This will drive yields down for certain. As yields have a high correlation with USD/JPY we have a great opportunity to short. SHORT USD/JPY to 108.70
It is in the long run period?
Its difficult to time but I see it trending down for the rest of the month.
If a poor PPI number prints today then yields and USD/JPY will both fall so it may hit our target sooner.
Quoting Stesto
{quote} It is in the long run period?
Its difficult to time but I see it trending down for the rest of the month.
If a poor PPI number prints today then yields and USD/JPY will both fall so it may hit our target sooner.
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