USD/JPY Discussion

Stock trading in Tokyo on the minor note. The first half of trading session the Nikkei index has completed the decline at 1.28%. As part of the currency trade is affected by the strengthening of the yen against the dollar and European currencies. Course dollar / yen has tested a minimum area of 19 August, which found support from buyers and cannon from 93.73 to 93.90. Couple preserves the potential downward movement, which, as near the goal involves testing figure 93.00.

Last two daily bars paused the down fall, is it turning or just a retrace?

Is it just me or does this pair have very little respect for trendlines?

Maybe the pair is making the pullback to 61.8 fibo level

So far I have also observed the same thing.

I'm trading EURUSD using H1 trendlines and daily trendlines, but it looks like USDJPY only has moderate respect for daily trendlines and almost none for H1

Hey!
What do u think about long USDJPY for one week? (the following)
I want to swing trade long this, what do u think, is it a good chance to make min. 140 pips?
(sorry for my bad english)

I am thinking the same but not sure if will do it.

What do you guys think about me buying USD/JPY for a longer position? The graph is up and down but, the pattern itself looks like its heading upward

going to to take a long 9445, for short termm any opinions ?

asian equities are redddd

and long uj 94.1

Good trading!!



for more andrews pichforks http://www.forexfactory.com/showthre...50#post2988950

Short Till 92.20

Hi,

are you short?

So, may you explain your position, please?

I'm short too, but looking at the recent pattern, (TF 1h and 4h), I'm losing my convinction.

Thanks in advance.

Mink

I am long @94.25 hope 20 pips jeje

Im going long .. the economic data release is very weak for the japanese yen and according to blomberg the jap's may face deeper deflasion. Technically the pair couldn't pass the 93.40 line and im going long at 93.88 and targeting 94.26. Good luck people

I agree with Hasanaa all the way I have held 2 lots short from 97.70 and I just added another position at the 76.4% fib

Not bad but I think we still got a bit more to go so I will leave it open and see what happens monday. Until then have a good weekend guys.

It's a very confusing period. BOJ is not saying anything about Yen level and no analyst is able to tell anything whether current value is good or bad for japanese exporters. An earlier Bloomberg survey (january) expected yen to be at around 96 by the end of year and around 100 next year. But technically I am bearish for now so I am holding short spot positions and Long out of money options. Lets see next week.