USD/JPY Discussion

On this pair with daily MACD

sold: 152.15

Tp@ 151.60
Tp2@ 151.30
Tp3@ 151.13

Sl: be or @152.35

https://news.yahoo.co.jp/articles/81...9d158f6adde660

According to the Bank of Japan's September 2024 interim financial results announced on the 27th, the unrealized loss on its government bonds was 13.6604 trillion yen as of the end of September, exceeding the 10.5 trillion yen recorded in the same period last year and setting a new record.
The valuation of government bonds fell due to the rise in long-term interest rates caused by the Bank of Japan's interest rate hike.
The Bank of Japan decided to lift its negative interest rate policy in March and to raise interest rates further in July. The yield on newly issued 10-year government bonds, which is an indicator of long-term interest rates, rose from the low 0.7% range at the end of March to the mid-0.8% range at the end of September. The market value of government bonds held fell below their book value, causing valuation losses to increase.
The Bank of Japan uses accounting procedures that assume government bonds will be held to maturity, so unrealized losses are not reflected in its financial results. Governor Ueda Kazuo has explained that even if unrealized losses grow, "it will not impede the bank's ability to manage policy," but it has been pointed out that growing concerns about the BOJ's financial situation could have an impact on the bond and foreign exchange markets.
In addition, as a result of the interest rate hike, increased interest payments on current accounts deposited with the BOJ by private financial institutions are also putting pressure on the bank's finances. Interest payment expenses jumped to 392.2 billion yen from 92 billion yen in the same period last year. The BOJ plans to continue raising interest rates, but the burden of interest payments could lead to a current account deficit.

Here is my plan to get back in it.

I think that's a solid plan. I'm looking a tad lower around 148 I might be an optimist though.

Sold again on 151.88
Tp +60
Sl -40

Even if the interest rate differential narrows, the Japanese yen will not be higher than the interest rate of the US dollar in the near future. The value of the US dollar is on an upward trend, and the dollar will appreciate in the medium to long term.

I don't know about the US$ gaining strength long term. I think DT will ruin the US economy - more borrowing etc

again

Nice one So you have 2 trades travelling in profit. Well done

cheers

usd/jpy IS READY TO SELL AGAIN

CPI data strong for Yen, expecting more strength for JPY in the coming hours..

Released data was not particularly stromg for jpy. So it must be usd weakness in play

jpy gaining strength hard. I missed the ideal entry.

But weakness in dollar against other currencies is much 5x lesser than that of JPY, and moreover, maybe the market weighs CPI more than other things (maybe I am absolutely wrong)? But in the hindsight, we seem to have quite a nice downward move

I Got 4 sho(r)ts today at
151.8
151.5
151.4
151.2

At what price point do you guys advise for an exit ?

Did you get this downmove?

Can't advice an exit because that is very individual. However I can applaud you though...

Cheeeeeeeeeeeeers

Cheers!