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USD/JPY Discussion

  • #87,701
  • Feb 13, 2024 5:37am Feb 13, 2024 5:37am
if the USA CPI released with lower level=> TP 146
  • #87,702
  • Feb 13, 2024 7:47am Feb 13, 2024 7:47am
Quoting FreeGary
{quote} means u are out now ?
No, still in. Thinking about exiting all 8 positions now. My original TP was 150.200.
  • #87,703
  • Feb 13, 2024 8:24am Feb 13, 2024 8:24am
where is yen intervention?
  • #87,704
  • Feb 13, 2024 8:51am Feb 13, 2024 8:51am
Quoting BlackLotus
{quote} No, still in. Thinking about exiting all 8 positions now. My original TP was 150.200.
wow nice. ur patience pay you. my impatience cost me opportunity costs lol
  • #87,705
  • Feb 13, 2024 8:52am Feb 13, 2024 8:52am
fundamentally if i understand correctly USD still strong. hope the guy with short UJ is still doing fine with his hedges..
  • #87,706
  • Feb 13, 2024 10:37am Feb 13, 2024 10:37am
Quoting nbanitama
where is yen intervention?
Real intervention will probably happen north of 152 when highs are taken out and all sell orders are eliminated.

HOWEVER, one has to go in the past to know what is highly likely to happen tommorow...

150 has a sea of sell orders sitting on it, so I'd expect the same game to be played out by Japan tommorow where they spike the price down 100 pips in a flash triggering all the sell orders at 150 and then eliminating them by letting the price skyrocket again.

Some members will know what I'm talking about. So, flash crash below 150 and then up again. Japan won't tolerate UJ above 150 for too long. If they eliminate 152 then I'd prepare for highly probable intervention.
  • #87,707
  • Feb 13, 2024 10:56am Feb 13, 2024 10:56am
hello dear USDJPY friends, I hope to find you well !

For my shared longs, absolutely nothing changed in the last 5months:
Quoting mtako
Happy new trading week dear JPY friends ! Finally, after so many months, an attack on the <147.0 action that started the 18xxpips correction of this oh so beautiful uptrend is a possibility this week ! Could mean it's top of ranging period, because of size and formation of the correction compared to said trend. Hence why my last buy stop is 147 and why I will no longer buy until momentum has regained satisfactory quality, that is, if it ever does before I exit my positions !
Quoting mtako
Also, this movement right here right now could be the resumption of the trend, and we know what kind of beast this one was and that it can still transform back into that steady hi-volatility monster ! So I sent some of my best taco's to the monster, trying to calm him down. Hoping that it will give us the time to properly prepare our trading plan Cheers all, and may your week be everything you wish for!!! {image}
Trying to distract and calm the Indecision/choppy/sideways/ranging monster in order to get these position uptrend trades flying at last !

Cheers, and let's continue to always keep an eye on the happy dancing (for now!)Monster !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #87,708
  • Feb 13, 2024 12:39pm Feb 13, 2024 12:39pm
Did you all notice how there wasn't any significant resistance at 150? Yeah...

Tomorrow is really going to be somewhat critical in a sense that we'll see if Japan will comment on exchange rate of UJ or not.
  • #87,709
  • Feb 13, 2024 5:19pm Feb 13, 2024 5:19pm
As per scheduled... here we go, verbal warnings.

Japan's Kanda is prepared to take action on forex at any time, 24 hours a day, similar to a natural disaster
  • #87,710
  • Feb 13, 2024 5:22pm Feb 13, 2024 5:22pm
here we go yen intervention
  • #87,711
  • Feb 13, 2024 5:24pm Feb 13, 2024 5:24pm
just wondering how far this intervention will impact ?
  • #87,712
  • Feb 13, 2024 5:26pm Feb 13, 2024 5:26pm
Quoting nbanitama
here we go yen intervention
This is a warning and next is probably intervention. I think they'll start with the usual 100 pip drops to scare off everyone. Real intervention will probably not gonna happen yet.
  • #87,713
  • Feb 13, 2024 5:28pm Feb 13, 2024 5:28pm
Quoting nbanitama
just wondering how far this intervention will impact ?
Average intervention results in around 600 pips. So, if USD/JPY is trading at 151 intervention would bring the price all the way down to 145.
  • #87,714
  • Feb 13, 2024 5:30pm Feb 13, 2024 5:30pm
Quoting Whatevs
As per scheduled... here we go, verbal warnings. Japan's Kanda is prepared to take action on forex at any time, 24 hours a day, similar to a natural disaster
Let's Go, Jap!!!!
  • #87,715
  • Feb 14, 2024 2:19am Feb 14, 2024 2:19am
Japan's Hayashi says closely watching FX moves with a high sense of urgency

https://www.forexlive.com/news/japan...ency-20240214/
  • #87,716
  • Feb 14, 2024 4:40am Feb 14, 2024 4:40am
seems verbal intervention doesn’t give any major impact
  • #87,717
  • Feb 14, 2024 8:05pm Feb 14, 2024 8:05pm
Sell usd /jpy shark on the daily type 1 , tp 145.56
  • #87,718
  • Feb 15, 2024 7:07am Feb 15, 2024 7:07am
Hi Friends plz advise this trade setup i am planning to wait for tomorrow weekly close and then enter
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  • #87,719
  • Feb 16, 2024 1:21am Feb 16, 2024 1:21am
Looking the Nikkei for possible sell signal on higher time frame.
The trend is bullish and strong, we are at the high of all time (more or less, after 34 years...). So possible buy signal for the JPY finally.

Waiting also for news from BOJ, maybe it's time to do something
  • #87,720
  • Feb 16, 2024 1:25am Feb 16, 2024 1:25am
I'm currently doing scalp longs for daily expenses as well. Just hope won't flash crash that dec... Killed me during sleeping time
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