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USD/JPY Discussion

  • #14,301
  • Jan 10, 2010 5:56pm Jan 10, 2010 5:56pm
Quoting yeri
hmm i dont know either i have to agree or not. but fundamental analysis show that intervention from Japan gov will keep the JPY stronger.
at the other side even if the Jap gov intervering the market, the market is still have their own sentiment and reaction. so let see a few next month, then we can decide.

is there any other thought? please share and share so i can have more consideration.
it would make sense they want a stronger JPY im doing some resarch on japan and economics on wikipedia and you tube. i think PPP purchase power parity is a good indicator. and this means japan can buy less then america can even though japan produces more. so more room to the down side gives more purchase power to japan.
  • #14,302
  • Jan 10, 2010 7:23pm Jan 10, 2010 7:23pm
Quoting yeri
hmm i dont know either i have to agree or not. but fundamental analysis show that intervention from Japan gov will keep the JPY stronger.
at the other side even if the Jap gov intervering the market, the market is still have their own sentiment and reaction. so let see a few next month, then we can decide.

is there any other thought? please share and share so i can have more consideration.
sorry guys i do some wrong typing,i means the Japan Goverment want JPY to be weaker.
  • #14,303
  • Jan 10, 2010 7:26pm Jan 10, 2010 7:26pm
Quoting paulw6182
it would make sense they want a stronger JPY im doing some resarch on japan and economics on wikipedia and you tube. i think PPP purchase power parity is a good indicator. and this means japan can buy less then america can even though japan produces more. so more room to the down side gives more purchase power to japan.
yes i agree that the Japan have more buying power right now. but what happen if they buy buy and more buy and sold nothing due to high yen price. the market ballance will be negative.
  • #14,304
  • Jan 10, 2010 8:06pm Jan 10, 2010 8:06pm
Japan Bank Holiday today.
Support at 92.20 range today.
  • #14,305
  • Jan 10, 2010 8:33pm Jan 10, 2010 8:33pm
Quoting Emp
Japan Bank Holiday today.
Support at 92.20 range today.
If it breaks that support, probably a confirmation to the downside. I still think UJ is in the uptrend though.
Where there is a will there is a way...
  • #14,306
  • Jan 10, 2010 9:05pm Jan 10, 2010 9:05pm
Quoting nimmu1982
If it breaks that support, probably a confirmation to the downside. I still think UJ is in the uptrend though.
Agree that if 92.20 is broken (ie. candle close after that level), then we will see a further downside.
  • #14,307
  • Jan 10, 2010 9:08pm Jan 10, 2010 9:08pm
...pending short at 92.24, 91.50 target
  • #14,308
  • Jan 10, 2010 9:31pm Jan 10, 2010 9:31pm
Well, a candle did open and close under 92.20. IS that a signal for down trend ?
  • #14,309
  • Jan 10, 2010 10:59pm Jan 10, 2010 10:59pm
I took a long at 92.35, Stoploss 92.15. Giving a 20pip risk try for a buy.
Where there is a will there is a way...
  • #14,310
  • Jan 10, 2010 11:22pm Jan 10, 2010 11:22pm
Quoting nimmu1982
I took a long at 92.35, Stoploss 92.15. Giving a 20pip risk try for a buy.
no target?...looks like trend is down from 4hr chart, 92.50 strong resistance i think
  • #14,311
  • Jan 10, 2010 11:34pm Jan 10, 2010 11:34pm
4hr chart - support, trend line, and the 61% Fiboancci are all around 92.2. If it bounces, the uptrend should continue for another bounce, target past 93.8.
  • #14,312
  • Jan 11, 2010 12:16am Jan 11, 2010 12:16am
Quoting Honored
Well, a candle did open and close under 92.20. IS that a signal for down trend ?
Which time frame are you looking at? The candle should reopen and close below 92.20 to confirm support broken. In this case, it is not broken yet and support is still holding.
  • #14,313
  • Jan 11, 2010 12:29am Jan 11, 2010 12:29am
Quoting Emp
Which time frame are you looking at? The candle should reopen and close below 92.20 to confirm support broken. In this case, it is not broken yet and support is still holding.
I am sorry, i saw it wrong. i thought it was below 92.20 but it actually is 92.21
  • #14,314
  • Jan 11, 2010 1:40am Jan 11, 2010 1:40am
Looking good, trying to bounce. I bought in, hopefully the uptrend continues another round.
  • #14,315
  • Jan 11, 2010 2:45am Jan 11, 2010 2:45am
Quoting zipfur
Looking good, trying to bounce. I bought in, hopefully the uptrend continues another round.
care to share on the interpretation u based on to buy ?

  • #14,316
  • Jan 11, 2010 3:42am Jan 11, 2010 3:42am
Brought in 92.27 - Whats the target

Im short for 92.70???
  • #14,317
  • Jan 11, 2010 3:51am Jan 11, 2010 3:51am
Hi, i'm new to this thread,

bought UJ @ 92.25... target 93.35
will move my stop to BE after price reach +20pips.
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #14,318
  • Jan 11, 2010 3:54am Jan 11, 2010 3:54am
Now its moving the right way - UP!!!!

Looking very good
  • #14,319
  • Jan 11, 2010 4:26am Jan 11, 2010 4:26am
I would wait a little longer for bounce confirmation. It's not there yet, but it's looking good. I'm looking to do a 2-5 day trade to 94 (90% profit gain). I jumped the gun, but I'm currently up 20 pips.

If it bounces off 61% fibonacci, trend line, 30/50mva, price support - then the uptrend continues and look forward to another up swing. If not then the uptrend is over and you should look elsewhere.

But, don't take my advice, i'm still a rookie

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http://freesoftwaredoctor.com/temp/u...an_11_2010.gif
  • #14,320
  • Jan 11, 2010 5:22am Jan 11, 2010 5:22am
Quoting yeri
yes i agree that the Japan have more buying power right now. but what happen if they buy buy and more buy and sold nothing due to high yen price. the market ballance will be negative.
yes i think its a case of not to hot not to cold. right now usa is printing and thats how they consum more then sell. we cant nececerily trust govornment remember boght us and jp are imerialistic and ther history shows it. but mabe jp wont a cheaper yen because they are sorounded by developing countries bric china/asia and africa cheaper jpy could make ther products more execible to thes contrys.
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