Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

It would be nice if you show us a chart of your analysis.....

Last week and earlier this week there were many important news....you can check bloomberg for them......there have been talks about big japanese companies hedging against strong yen....once the hedges expire we might see upward moves..maybe towards 100...As for the latest I go this one....
http://www.rttnews.com/ArticleView.a...=977916&SMap=1

took 40pips today on the usdjpy buy trade

Guys i had a fantastic week again and im gonna have a fantastic weekend, starting with getting drunk early morning, play some pc games, disco in the evening, church and some great food tomorrow.

Have a great weekend yo!
Mr T

Getting drunk in the morning to remove last night's hangover...thats the way we party

o!boy..thats some unlimited pumpum..

lol.. yeah u sure are the rare minority trading audjpy. Welcome aboard my friend and i for sure feel lucky that you bothered to post your 1st ever post in this tread.

I have been looking at audjpy, seems great for pippin too. Just my broker sucks with the 12pip spread on it, but im sure a aussie broker could do a 3-5 spread which could make it easily tradable.

BTW, Australia and Japan have a more bigger business relationship than other nations and also being geograhically close to each other so shipping and air transport are cheaper.

Please care to share your aussie yen views here, will be much appreciated with your 6 year experiences on that.

does anyone think usdjpy could go down temporarily like to 97.99 ?

This guy,

http://www.forexfactory.com/showpost...ostcount=12917

Seems to be going up, but i do not know what target point or where its headed. Anyways i am in with a tight stoploss. Lets see what happens.

if stop loss is tight, probably stopped out by now by this big sudden move.

it's seems usd jpy false break high @98.57..how low can u go?

Dollar-Yen pair is trading sideways confined between the cluster support of 97 levels and resistance of 99.55. The 4-hourly chart is overbought and may bring a correction. On the upside resistance remains at 99.50 resistance (55 weekly EMA & horizontal resistance). Decisive break of this level can take the pair higher to 102 levels. Neutral

yeah lol, got stopout just 5mins after i posted that.

Hmmmm,, looks like we have some decent support in the 76.50/00 area and if it dosen't break through with some strength soon, could the initative down be lost for the time being? Is it possible that the recent downmove is the cause of profit taking by some of the aud bulls and dosen't have the bears behind it? Guess we will have to wait a bit to see, any ideas??

Anyone have any insight on a potential move to retest last year's lows with possible new lows by year end. I attached a monthly and weekly chart for thoughts.

Anyone else in here waiting for the hammer to fall on these Jpy pairs,,, Im talkin back to where this upmove started or lower? At the moment looking for some up in the next day or so, shouldnt break the recent highs and after that better have stops on your longs unless your gonna hold em in the 50 range?? Insane?? Whats your view?

does anyone think usdjpy going to go up in the tokyo session ?

I have been loving the eur/jpy and gbp/jpy since March, but you have to be concerned about stocks hitting a top now. Has the economy really turned around that much for the stock market to keep going up? I think the recession has started to stabalize but not to justify much more.

Was looking over this article showing elliot wave analysis but they're calling for a drop in the S&P even below the lows from back in January and the EUR/JPY to drop to 113.

What are you looking at js5020?

Actually I'm seeing and hearing a whole lot of possibilities at the moment and which way things are going to end up is questionable. Nice article Jason it's the first I have seen it, I know nothing about the "wave", but another bit of info to sift. Heard call options have been building and getting spendy, while puts remain normal. The RBA supposedly interveined some where in the 60 area to stabilize the big drop and has reportedly taken profit in the 80 area,, why? if it was going to go substancially higher wouldnt they have stayed? Talked to some S+P boys a few weeks back, they were already talking about and testing the waters, claiming the S+P going down and probably lower than the last drop,, one thing that makes me wonder if its close to being done is everything was soooo bad back a few and now it's all better and were going for the highs??? did something change? its all better now? I heard corp bankruptcies are starting to rise? Aud/Jpy was near 105 at the drop to 55, back to the 80 area, 50% retrace,, resistance in the 81 area. Squeezing the shorts after the inital drop a few days ago with this "reversal",, is it a reversal or a ploy to root out the early or weak hands, pull in the longs as we have "reversed" for more easy coin and then leave everyone in the dust,, all the little fish are in the net, another several hundred pip drop in an hour in the making??? The markets are flighty at the moment and the doors wont be big enough if the herd spooks. Chart wise if the scenerio plays out looking for a bottom possibly late July to August. Will it happen, I dont know,, I still got longs in play but my stops are alot tighter and my short limits are up closer to current prices than usual. Just have to wait and see, might also be totally wrong, been there done that before. As always trade what ya see not what may never happen, but be prepared just in case,, you'll eat better that way.

Jason and js5020;
Thanks for sharing the article and points of view.

I think the yen is very strong and the BoJ should do nothing to debase their currency any further. In fact, they should raise interest rates.
I think the smartest thing that the Aussie central bankers can do is do nothing with their interest rates. Leave them like they are.