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USD/JPY Discussion

  • #84,681
  • Mar 24, 2022 9:48am Mar 24, 2022 9:48am
Quoting ForexGoose
{quote} looks like 120 was easy 123 is likely the next target bears are dead
123 very soon,
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,682
  • Mar 24, 2022 9:54am Mar 24, 2022 9:54am
Quoting OnlineAddict
{quote} Missing the point of this post of yours.
The trend is up why are you looking to to sell? Thats like trying to stop a train…
  • #84,683
  • Mar 24, 2022 9:59am Mar 24, 2022 9:59am
Quoting pbylina
{quote} The trend is up why are you looking to to sell? Thats like trying to stop a train…
1. Read my post again.
2. Trends change, thats part of trading
Everyone can see the chart, but only a few can actually read it.
  • #84,684
  • Mar 24, 2022 11:28am Mar 24, 2022 11:28am
Quoting OnlineAddict
{quote} 1. Read my post again. 2. Trends change, thats part of trading
1. Na I’m good
2. How are your shorts doing?
  • #84,685
  • Mar 24, 2022 12:05pm Mar 24, 2022 12:05pm
Message not meant to be ignored -
will do what ever it takes.

JPY doesnt clasify as safe heaven any longer.

https://www.forexfactory.com/news/11...-picking-up-as
  • #84,686
  • Mar 24, 2022 12:18pm Mar 24, 2022 12:18pm
JPY could have more legs to go up

Currently its just up. Look to buy only

Trends can be very steep up or down in situations

With such a nice juicy trend as the saying goes "Trend is the only friend"
Only Top Trading
  • #84,687
  • Mar 24, 2022 12:19pm Mar 24, 2022 12:19pm
Quoting pbylina
{quote} 1. Na I’m good 2. How are your shorts doing?
I suspected your IQ is below average, thanks for proving it.
Everyone can see the chart, but only a few can actually read it.
  • #84,688
  • Mar 24, 2022 12:27pm Mar 24, 2022 12:27pm
Later today Core CPI figures are released.

I was not following JPY for a while. Need to understand what is making JPY weak -
inflation rising in Japan from 1 to 2% or monetary easing issue or dollar strenght?

125 is not to far out, surely retracement crash is due at some point soon.
  • #84,689
  • Mar 24, 2022 4:15pm Mar 24, 2022 4:15pm
Quoting Erebus
Famous quote "When you're looking for the top, you miss the trend" Erebus 2022 {image}
At my last post this was at 0.89, did you buy or sell the phantom top?

Check my trade Explorer, looks like scalping but it's daily signals using Price as a guide

The trend is your friend, until the end...

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It takes a lot for me to IGNORE you, but you can try.
  • #84,690
  • Mar 24, 2022 4:49pm Mar 24, 2022 4:49pm
From the looks of things when this finally does break. EVERYTHING will be moving!!

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Don't compare your trades to others. Most often the masses are the asses
  • #84,691
  • Mar 24, 2022 7:04pm Mar 24, 2022 7:04pm
It seems impossible to take your eyes off this pair at the moment.

On one hand, a decent pullback is due on profit-taking following the breakout, as well as shorts possibly looking to enter the market with the RSI flashing a strong overbought reading.

However, the factors that fuelled the breakout in the first place are still prevalent, and with JGB yields now threatening the upper limit of 0.25%, the BoJ could step-in to buy bonds, potentially causing further weakness for the Yen.

All trading carries risk, but it should be worth keeping USD/JPY on the watchlist for the foreseeable future.
  • #84,692
  • Mar 24, 2022 7:45pm Mar 24, 2022 7:45pm
It's still early but JPY is stronger, maybe profit-taking Friday is the plan

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It takes a lot for me to IGNORE you, but you can try.
  • #84,693
  • Edited 1:21pm Mar 25, 2022 8:26am | Edited 1:21pm
There's a lot of reckless gambling going on in the market right now.

Haven't traded Uj in a few weeks.

Not ok with the rr.

When we're getting swings of over 100 pips off and on and random 40-60 pip movements on no news and price isn't bouncing off s/r. There's a problem.
"A true speculator tries the market small." - Jesse Livermore
  • #84,694
  • Edited 9:12am Mar 26, 2022 7:40am | Edited 9:12am
Daily, It looks likes hanging men for me, I will be selling this hard after markets open, with SL around 50 pips, trade safe!
Edit TP will be 38% fibo corection about 119 first
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People don't plan to lose. They lose because they don't plan.
  • #84,695
  • Mar 26, 2022 8:04am Mar 26, 2022 8:04am
Quoting ScalaFX
Daily, It looks likes hanging men for me, I will be selling this hard after markets open, with SL around 50 pips, trade safe! {image}
why sell when the trend is bullish?

higher commodity prices means means that this pair will be bullish

https://financialpost.com/pmn/busine...her-bruise-yen

Quote
High commodity prices are bad news for the yen, however, as Japan imports the bulk of its energy, widening the country’s trade deficit.

The yen slipped to a new six-year low of 121.415 per dollar which had climbed 1.1% on the Japanese currency overnight.

“USD-JPY has nowhere to go but up,” said analysts at TD Securities, who pointed to the differential between U.S. and Japanese rates and the yen’s vulnerability to the shocks roiling commodities markets in the wake of Russia’s invasion of Ukraine.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,696
  • Edited 9:32am Mar 26, 2022 9:10am | Edited 9:32am
Quoting ForexGoose
{quote} why sell when the trend is bullish? higher commodity prices means means that this pair will be bullish https://financialpost.com/pmn/busine...her-bruise-yen {quote}
ForexGoose,
Read my post again and there will be answear, Ok?
From the other side technicly and fundamentally price is too far from emas, didnt touched retested from a long time, BoJ can make a small intervention about JPY and many many others, I didnt say that is wrong buying it, Im longed several times to with good profit but in that place buying for me is too risky, I can be wrong but this is just my opinion, take care Buddy!
People don't plan to lose. They lose because they don't plan.
  • #84,697
  • Mar 26, 2022 9:32am Mar 26, 2022 9:32am
Quoting ForexGoose
{quote} why sell when the trend is bullish? higher commodity prices means means that this pair will be bullish https://financialpost.com/pmn/busine...her-bruise-yen {quote}
right, but commodities will drop as well.
  • #84,698
  • Mar 26, 2022 9:33am Mar 26, 2022 9:33am
Quoting Whale
{quote} right, but commodities will drop as well.
Yes! That is simple
People don't plan to lose. They lose because they don't plan.
  • #84,699
  • Mar 26, 2022 10:06am Mar 26, 2022 10:06am
Quoting Whale
{quote} right, but commodities will drop as well.
why would commodities drop in price if there are sanctions and shortages everywhere around the world?
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #84,700
  • Mar 26, 2022 10:41am Mar 26, 2022 10:41am
Usdjpy may have hit a tough zone around 122.369 - 122.500

Considering its a 700 pip run there could be a move down in the making now

My TE shows Eurjpy short all ends

I am not short Uj but Short with targets around 121.030 -121.260
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