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USD/JPY Discussion

  • #86,881
  • Jun 25, 2023 3:08pm Jun 25, 2023 3:08pm
USDJPY price action on the daily time frame regained a bullish mode towards the end of last week after breaking out of the 140.550/142.200 horizontal resistance zone (blue) within which it was ranging. Meanwhile, it is tackling the 143.740 immediate barrier. Although we may still see corrective price action, the technical structure favours further northward move.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #86,882
  • Jun 27, 2023 6:41am Jun 27, 2023 6:41am
As expected, the pair is approaching 145 yen to the dollar. For the time being, it may stay around 143-149 yen. It seems that the king's US dollar is no longer valuable in developed countries.
  • #86,883
  • Jun 27, 2023 8:33am Jun 27, 2023 8:33am
Aside from the outcome of the economic indicators, buying the Japanese Yen with this interest rate differential would be silly and the dollar would appreciate.
  • #86,884
  • Jun 27, 2023 9:34am Jun 27, 2023 9:34am
BOJ will make something tomorrow....I thinking of to SELL UJ if not touch 144 area today
study of behavior and mind,conscious and unconscious
  • #86,885
  • Jun 27, 2023 9:58am Jun 27, 2023 9:58am
Excessive moves are continuing. Any time now..
  • #86,886
  • Jun 27, 2023 10:06am Jun 27, 2023 10:06am
Quoting TheWraith
Excessive moves are continuing. Any time now..
UJ already breakout upper H4 channel@144... What do you thinking right now?
study of behavior and mind,conscious and unconscious
  • #86,887
  • Jun 27, 2023 10:06am Jun 27, 2023 10:06am
I doubt there will be any action stronger than words before it reaches 175, even 200. The plan is to Deflate the debt away.
  • #86,888
  • Jun 27, 2023 10:14am Jun 27, 2023 10:14am
Quoting clemmo17
I doubt there will be any action stronger than words before it reaches 175, even 200. The plan is to Inflate the debt away.
157 is the current target. 187 next IMO, but that is years away. Unless the US goes into an election year with the dollar destroying foreign orders this will turn. Even if it does the new admin will turn it to make themselves look good. Not enough time for anything above 160
Don't compare your trades to others. Most often the masses are the asses
  • #86,889
  • Jun 27, 2023 10:35am Jun 27, 2023 10:35am
I think it’s likely that international pressure will come to bear before any BoJ action. How are they allowed to get away with this? Even the Swiss have reacted almost rationally in the face of reality. Even China’s rate is 3.80 or something for goodness sake.
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  • #86,890
  • Jun 27, 2023 10:42am Jun 27, 2023 10:42am
When USD/JPY was above 150, articles started coming out about USD/JPY potential for 160+ at least. Now, it really all depends on CPI in US. If we start to witness another surge in inflation in the US as in UK, then we can definitely talk about USD/JPY crushing 150, 160 and even more, because Fed and other CB's will have to start another cycle of raising interest rates. Then we're talking about even bigger gap of IR between Fed an BOJ. This will crush Yen if that happens. On the other case, if deflation is what's coming, then Yen will destroy every major currency. It all depends on the next couple of CPI reports. One other thing why correction is imminent is because other major currencies just appreciated far too rapidly against Yen lately. Now, after correction occurs, then perhaps we should start adding Long positions. Just my opinion.
  • #86,891
  • Jun 27, 2023 8:44pm Jun 27, 2023 8:44pm
Short from 144.055... hope swing to 142 area in this week or next
study of behavior and mind,conscious and unconscious
  • #86,892
  • Jun 28, 2023 12:44am Jun 28, 2023 12:44am
Quoting sclpzmalay
Short from 144.055... hope swing to 142 area in this week or next
Price of interest below 143, so if you're right about this Short, you should have 100 pips in your pocket.
  • #86,893
  • Jun 28, 2023 2:41am Jun 28, 2023 2:41am
Violent price action continues on Yen pairs. Japan is not gonna like this.
I have Sell Stop Orders in place and am waiting for inevitable.
  • #86,894
  • Jun 28, 2023 3:30am Jun 28, 2023 3:30am
Quoting sclpzmalay
Short from 144.055... hope swing to 142 area in this week or next
Lol ... Hit SL just get $0.50..... now just watch n waiting to short again
study of behavior and mind,conscious and unconscious
  • #86,895
  • Jun 28, 2023 7:48am Jun 28, 2023 7:48am
Damn maria ozawa.... etteyyy ettteyyyy.....My sell limit was hit @144.345...still floating ... Please BOJ do something
study of behavior and mind,conscious and unconscious
  • #86,896
  • Jun 28, 2023 8:25pm Jun 28, 2023 8:25pm
Quoting sclpzmalay
Damn maria ozawa.... etteyyy ettteyyyy.....My sell limit was hit @144.345...still floating ... Please BOJ do something
Come on jpy 143.500 or pls make excessive move to 140
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study of behavior and mind,conscious and unconscious
  • #86,897
  • Jun 29, 2023 2:59am Jun 29, 2023 2:59am
Quoting sclpzmalay
{quote} Come on jpy 143.500 or pls make excessive move to 140 {image}
We are starting to see some moves on Yen pairs. Watch out!
  • #86,898
  • Jun 29, 2023 10:34am Jun 29, 2023 10:34am
Monthly Chart.. If you are bearish.. iono. Someone said last month that this month it would be flat. Doesn't look it. Bottom line though. If one looks at this view.. Seems pretty clear we are at least going back to the high no?

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Don't compare your trades to others. Most often the masses are the asses
  • #86,899
  • Jun 29, 2023 10:42am Jun 29, 2023 10:42am
Quoting OBsayMkMoney
Monthly Chart.. If you are bearish.. iono. Someone said last month that this month it would be flat. Doesn't look it. Bottom line though. If one looks at this view.. Seems pretty clear we are at least going back to the high no? {image}
Indeed, and one should not exclude the very real possibility that the following months could be just as volatile than last year...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #86,900
  • Jun 29, 2023 2:50pm Jun 29, 2023 2:50pm
Quoting OBsayMkMoney
Monthly Chart.. If you are bearish.. iono. Someone said last month that this month it would be flat. Doesn't look it. Bottom line though. If one looks at this view.. Seems pretty clear we are at least going back to the high no? {image}

Weekly Chart. Tomorrow could take us to the top of the green box. If we clear it.. Ohh boy.

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Don't compare your trades to others. Most often the masses are the asses
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