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USD/JPY Discussion 7 replies

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long eur/jpy, gbp/jpy, usd/jpy 11 replies

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USD/JPY Discussion

Quoting Silver-King
{quote} Alright... time to start building long position.
I've never made a mistake this big in my whole trading career. I'll stick with PMs from now on... lost heavily on this trade. 145 only produced minor retracement and was obviously not the low.

Good luck folks! I will stick around on Gold thread from now on and won't comment on FX anymore.
Me too. Tot was the low n went In. It went even lower. Lost big as well. My last month profits gone
I want to say to investors around the world that Japanese stock prices are falling sharply today, and the Japanese economy is declining. The number of company bankruptcies will increase significantly, and the value of the Japanese yen will fall significantly. It will obviously be more valuable to buy foreign currencies.
Quoting carbonmimeti
USDJPY daily chart from a geometric point of view: the rising angle was 30 degrees....the red lines are a half and a quarter...the blue lines 3 quarters and a third (7.5°). At the same price is 38.2% of the circle and also the descending angular trendline of 292.5°=67.5 up, so it is too steep to hold for long....FAKE OR BREACK?? {image}
update USDJPY weekly:time for inversion?
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The Bank of Japan has raised interest rates, which has caused stock prices to plummet, making it difficult for it to raise interest rates. The government's plan to double the assets of the NISA savings plan is collapsing, and a change of government is likely. It is expected that the value of the dollar will rise for a while.
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Together we can be strongest
Quoting palpite
{image}
UsdJpy - Sell - 147.00

stop loss - 147.615
Together we can be strongest
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Together we can be strongest
USDJPY - Buy

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Together we can be strongest
USDJPY - Buy

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A magnitude 7.1 earthquake occurred in Miyazaki, Japan 2.5 hours ago, and depending on the extent of the damage, the value of the yen may fall, similar to the earthquake that occurred on the Noto Peninsula on January 1st.
USDJPY - Sell

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Quoting palpite
USDJPY - Sell {image}
Switched to buy

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Together we can be strongest
A magnitude 5.3 earthquake occurred in Kanagawa Prefecture 1.5 hours ago. I hope the damage will not spread any further. Prime Minister Kishida has canceled his overseas trip to prepare for the earthquake, but if further damage occurs, the value of the Japanese yen is expected to fall.
In conclusion, the collapse of stock prices and the effects of the earthquake (to prevent companies from going bankrupt due to the costs of reconstruction) have made it extremely difficult for the Bank of Japan and the government to raise interest rates.
Quoting fxmas
A magnitude 5.3 earthquake occurred in Kanagawa Prefecture 1.5 hours ago. I hope the damage will not spread any further. Prime Minister Kishida has canceled his overseas trip to prepare for the earthquake, but if further damage occurs, the value of the Japanese yen is expected to fall.

Hmmmmm the last time something this bad happened they were forced to buy the yen sending UJ down...
When you feel like you HAVE to trade is when you least should!
The opening of the market will be important (gap), it will be interesting to see how it reacts to a number of unfavourable information, including the earthquake and declarations about the lack of further BOJ rate hikes and the rebound on the stock exchanges
Last week Monday, USDJPY price action on the daily time frame broke down a rising trendline (purple) traceable to Mach 2023. However, there was a bullish pushback on Tuesday and by Friday price action turned sideways just above the trendline. Presently, price action is at the intersection of the trendline and the 146.600 area, an area which had served as horizontal support since March. Technically, we may still see further bullish move in the early part of the week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
I'm still waiting for legitimate buy signal on D1.

I got burned on the BOJ thingy.
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USDJPY - Sell

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