USD/JPY Discussion

long 93.65
paulson announced but market didnt hear any surprised.

might wait for GM announce

93.08!!

coming back now, announcing 22:00 about planning for GM

announced for GM was not surprised...
holding long position, hoping 94.00 at tokyo time

I do wonder how your early longs are doing at your entry points.

We are currently testing weekly support line.

many japanese company set FX rate about $1 =100 yen.
as toyata, they are loosing money when its below 95yen to $1 so it is cheap now .
also my 1h chart indicated to buy at that time paulson anoounced.
if he said any better news it will go up if not going down which was GM stock fall. this is my risk.

if the dow end plus, nikkei usually going up so i expecting this pair will be up.

What do you think about this?

yes, it looks going down on your chart.
my trading style is not only following chart.
for scalping,
1, short term fandamental
2, 1min chart
3, trend 15min chart

for swing,
1, fandamental
2,1hr chart

after hearing from BIG 3, it went to 92.98 then back aroung 92.7 now.
it seems tough to break at 92.4 for now so i am still holding these long position yet.
I always take risk 150-250pp but my basic rule is keeping margin % is over 1000% that makes me comfortable trading.

I am thinking in long

@Long

Price 92.26

TP 92.76

SL 91.76

NFP

Nice Move !

non-farm employment is worse but market already knew so it must be comeback to NY time started.

conglatulation!!

if I had expected a little more ... 2 good entries



need more patience

martket must be slow on friday~
usually i am not scalping on friday.

good luck!

dammwtf!?!

closed in 92.06, now 92.70

ahaha

i hope you got some pips with this

TP 24pp,
i have other long 93.65 and looking for 93.5 - 94.00.

i'm working on indicators and your indicator pep_stochastic is very interesting can you kindly post it
many thanks
kino

Sure friend



cya

"The rise in the Japanese Yen continued to concern Bank of Japan officials. Friday’s rally in the stock market gave the Bank of Japan some relief. This market is coming dangerously close to the level where the Bank of Japan will intervene. Not only are they expected to heavily sell the Yen, but they are going to flood the money supply with currency. This move will be different than it made years ago when it settled only on intervention. Every gain in the Yen causes a decline in exports which leads to lower profits for powerful Japanese corporations like Canon, Toyota and Hyundai Motors. The BoJ is prepared to do what is necessary to stop the rise in the Yen. Be prepared for the upcoming volatility. " -- A quote from www.forextv.com

So, i guess exporters are really gonna pressurize for a BoJ intervention sooner or later.