USD/JPY Discussion

Why was there that surge up to 90? Is it because of the talk on US interest rates and SE asian countries buying the dollar?

I think Japan wants to keep its high valued currency.

Bank holidays today, price is moving around with out lots of volume.

What do you think about tomorrow? Another big drop? Big spike? It's very hard to say from my shoes.

Any ideas?

Good Morning ALL!!!


Great to see so many analysis by different posters here. Well the 1H , 30M & 15M are all giving strong BULLISh signals and there ain't much resistance on its way. I'm waiting for a buy signal and would go for a long at 90.00 as that to me appears as a new support level!!!

Great going guyz! Keep it up!

London open still buying it seems.

Moved SLs to 90.158. All positions now locked in profit.

The crosses are weakening into Europe and this is limiting the USD/JPY upside for the time being. AUD/JPY and GBP/JPY especially heavy. Would like to see some stabilization on the AUD/USD and GBP/USD before looking to add to USD/JPY. Also watch 1.4680 on the Euro for a gauge of USD strength. no easy trades atm. Still wanting another dip below 90 to test the bullish strength. This would be an important indicator of market direction.

Exit longs 90.37.

+91 pips for the day. Looks like I could have held out for 100.

nice exit there.. any long-term forecast on this pair? is there a resistance point for re-entering the market?

90.40 proved to be strong resistence for U/J today. It has bounced back from there several times. The 5M, 15M charts are indicating downward trend but its finding a good support at 90.00 ...If it breaks this level, we could see 89.50s very soon!! Lets c!

ok well i am off to bed tomorrows asian session all important, techincally a 89.80 entry would be great but alot depends on nikkei tomorrow. A close above 10300 will lead to a 10000 test on Dow and Yen sell off imo. Still dont trust the USD/JPY these days though and a failure up here will be very bad for bulls. Playing long through the AUD/JPY still the preferred option.

I've read somewhere that Deutsche Bank is forecasting the pair at 80...
Are we going to see a policy shift in terms of increasing domestic demand by appreciating JPY it is yet to be seen...Nobody knows...the global imbalances who have basically contributed to the 2008 crises need to be addressed...China is the main concern but Japan also has continuous currenct account surplas...

yesterday call explain, asked by MarkH

http://www.forexfactory.com/showpost...&postcount=261

Good MAE traders. Market is seeming thin in early trading.

Unsure what to anticipate this point, looking like U/J will sell off during Tokyo now that the Japanese traders are about.

Starting the day with a sell, 89.769 with a tight stop at 89.934. Would prefer to buy these levels, but we once again couldn't close NY above 90.5 zone, indicates to me down-trend resume.

it does seem like the only reason this thing was up is because tokyo was out.

I wish there was a clear direction. i think the markets could be trying to fake out some traders. Make them think its going down just to rebound later.

89.6 is definitely the zone to watch. I closed my shorts at +2, buy at 89.735. Was hoping for long at 89.7 but just missed it.

Long is taking heat. SL at 89.6, hope for recovery!

right now i'm kind of conflicted. technicals say go long, but fundamentals can say something else. honestly, i don't know which way its going at this moment.

not liking the nikkei open or the lack of strong buying at this level. 1.4800 holding on EURO giving some support but looks like EUR/JPY and Nikkei going to put brakes on USD/JPY. Can easily slip back to 89.40-89.10 zone. GBP/JPY might be the cross to play with the very strong data last hour. at 141 i can not help think about the 200+ levels and ignore the GBP woes

fundamentally, for all i know we are headed down to the point before japan went out for the holiday.

USD rates wont be change in a near futur and many countries are looking at other currency for diversification.

This suggest more downside, but the asian intervention make this confuse.

Also, USDX as many other currencies are at extreme level now.

This is very picky situation.


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1h lower trendline will be hit soon. By drifting or getting just a little lower.

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This Mt4 platform is good to look at index for most all majors.
http://sig-trader-multiterminal.software.informer.com/

You still long , or your are short ??? am confused in here also , why today looks tough unlike yesterday it was like a cream hehe

cheer mate

We can do some quick analysis while we wait for PA to move.

AO bull div:


Red lines show high volume down bars. Could be accumulation?


Potential H4 support to close at/above the green MA.