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USD/JPY Discussion

  • #6,401
  • May 12, 2008 9:52am May 12, 2008 9:52am
Bounced off S2, Dow looking bulilsh
Patience + Humility + Study = Success
  • #6,402
  • May 12, 2008 10:11am May 12, 2008 10:11am
Quoting DutchTrader
Hey its true man, some new shiiz always pops up. How are you man? What do you think?
What do I think? I think this pair is so full of sh*t that is almost unbearable. Waking up today and looking at that 140 pips fart from 102.60 is something I'd call nuts whomever would have called this move.

I wasn't trading UJ, just looking at it, while it was eroding my GJ short
  • #6,403
  • May 12, 2008 10:20am May 12, 2008 10:20am
Quoting cesarnc
What do I think? I think this pair is so full of sh*t that is almost unbearable. Waking up today and looking at that 140 pips fart from 102.60 is something I'd call nuts whomever would have called this move.

I wasn't trading UJ, just looking at it, while it was eroding my GJ short


Well Crude oil is screwing it up again. Down goes the Dow/UJ
Patience + Humility + Study = Success
  • #6,404
  • May 12, 2008 5:49pm May 12, 2008 5:49pm
I am short in this pair from 103,10
but now i see a break upside on 120min chart.

will it up again or cores and retail sales tomorow can bring it down again.

Thanks
  • #6,405
  • May 12, 2008 9:11pm May 12, 2008 9:11pm
Will this thing ever make up it's mind or what?
  • #6,406
  • May 12, 2008 10:19pm May 12, 2008 10:19pm
Perhaps movement overnight about 30 minutes before Europe open or 30 minutes after the open. Could test 104.10 again or 103.50 to 103.25


Then US Retail Sales is Big Event if numbers higher or lower than Consensus and BiG Ben Bernake Speaks :-)
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  • #6,407
  • May 12, 2008 10:37pm May 12, 2008 10:37pm
Quoting miltonnn
I am short in this pair from 103,10
but now i see a break upside on 120min chart.

will it up again or cores and retail sales tomorow can bring it down again.

Thanks
We're with ya miltonnn, check out our analysis and let us know what you think:

www.fxforesight.com

Thanks!

P.S. We're holding for 100.55 and planning on it hitting this week.
  • #6,408
  • May 12, 2008 11:47pm May 12, 2008 11:47pm
Quoting FX Foresight
We're with ya miltonnn, check out our analysis and let us know what you think:

www.fxforesight.com

Thanks!

P.S. We're holding for 100.55 and planning on it hitting this week.
Your link doesn't work.

Seems like the pair is hanging tough. What's propping it up?
Expected the unexpected
  • #6,409
  • May 12, 2008 11:59pm May 12, 2008 11:59pm
Quoting scyang
Your link doesn't work.

Seems like the pair is hanging tough. What's propping it up?
The link should work just fine. We don't feel that it's really "hanging tough", there just isn't much happening right yet.
  • #6,410
  • May 13, 2008 2:17am May 13, 2008 2:17am
The High was 104.016 and Low was 103.594 and it is now 103.80 15 minutes into Europe open with EUR/JPY trying to break through 161.00 all night but now holds at 161.14

Stay Tuned for US Retail Sales and Benny Bernake The Helicopter Pilot
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  • #6,411
  • May 13, 2008 2:19am May 13, 2008 2:19am
Quoting Warren Forex
The High was 104.016 and Low was 103.594 and it is now 103.80 15 minutes into Europe open with EUR/JPY trying to break through 161.00 all night but now holds at 161.14

Stay Tuned for US Retail Sales and Benny Bernake The Helicopter Pilot
Something might have been wrong with the firewall here. Just got into your site. Thanks. Will stay tuned and be patient.
Expected the unexpected
  • #6,412
  • May 13, 2008 3:18am May 13, 2008 3:18am
Quoting scyang
Something might have been wrong with the firewall here. Just got into your site. Thanks. Will stay tuned and be patient.
New Low USD/JPY is 103.524 and EUR/JPY is 160.692 as we hit the 4:18 AM EST mark...

USd/JPY trades at 103.54 bid


Bruce
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  • #6,413
  • May 13, 2008 6:08am May 13, 2008 6:08am
Quoting Warren Forex
New Low USD/JPY is 103.524 and EUR/JPY is 160.692 as we hit the 4:18 AM EST mark...

USd/JPY trades at 103.54 bid


Bruce
So Dow Futures down 36 and US Retail Sales At 8:30 AM should lead the way one way or the other depending on if it is above or below Consensus by a big margin. Bernake also is scheduled to speak but I do not think he will say much but he might so you need to be careful.

4:20 AM was when it hit bottom at 103.37 and the drop started from about the Europe open at 3:00 AM as EUR/JPY finally broke through 161.00 and tested 160.122


Bruce
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  • #6,414
  • May 13, 2008 6:32am May 13, 2008 6:32am
mosdt oof d time, UJ was traded quite 'high', alot of speculators n traders must expect some good news to b inform...
Swinger Club
  • #6,415
  • May 13, 2008 6:44am May 13, 2008 6:44am
USD/JPY made some nice lows last night into the 103.40 area, but has since popped back up to test the upper resistance area. Last night's push lower was a good sign for the downtrend to accelerates. It seems like the pair is having a harder and harder time staying elevated.

Time will tell.
  • #6,416
  • May 13, 2008 6:57am May 13, 2008 6:57am
Quoting FX Foresight
USD/JPY made some nice lows last night into the 103.40 area, but has since popped back up to test the upper resistance area. Last night's push lower was a good sign for the downtrend to accelerates. It seems like the pair is having a harder and harder time staying elevated.

Time will tell.
IMO its the rally in the Swissy since the Frankfurt Open that's holding UJ up.

Both are now well above their daily pivots with CHF + 65 from its low vs UJ +40 - perhaps the US news will give some direction....
Trading Levels with WRBs
  • #6,417
  • May 13, 2008 6:59am May 13, 2008 6:59am
i belief now UJ r movin in rising wedges...can trade for a short upswing...
Swinger Club
  • #6,418
  • May 13, 2008 7:02am May 13, 2008 7:02am
The pair would be able to run higher, if it can break 104.00, but that's some tough resistance right now. Still holding shorts.
  • #6,419
  • May 13, 2008 7:07am May 13, 2008 7:07am
aww... i actually was talkin ab GJ

anyway, for UJ, it shud b able to breake d resistant..
Swinger Club
  • #6,420
  • May 13, 2008 8:27am May 13, 2008 8:27am
104.60 us markets open in 3 mins should see 105 and then the fall begins.....
creating wealth one pip at a time.....
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