USD/JPY Discussion | Page 802 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #16,021
  • Jun 1, 2010 12:33am Jun 1, 2010 12:33am
Quoting micho
i am helping you avoid your account being wiped out you know... if you see that its going to rain and some people are walking without umbrella you can give them advice...
micho, i may not agree with your style, but your advice is well taken. i'm following your posts and learning! Thanks!
  • #16,022
  • Jun 1, 2010 12:35am Jun 1, 2010 12:35am
Quoting micho
okay

USDJPY still pending, target still at 91.07
AUDCAD still on target 0.8689
USDCHF Closed for +21 @1.1580
EURGPB +32 on a short earlier today
sorry correction USDJPY TARGET 90.07 LOL would be -34
When life gives you lemons, make lemonade
  • #16,023
  • Jun 1, 2010 12:48am Jun 1, 2010 12:48am
micho: well actually cover it or not, it doesn't matter for me. but insulting other people here is matter to me. . i think this is the point that so many people comment to your post. you want to share your trade then good for you, good for me also it add my perspective. but if you share with calling others "fools" "rookie" and other arrogant word....... i dont know about this. he3 anyway lets continue this thread peacefully. and pleaseeee micho no more insulting other people.
  • #16,024
  • Jun 1, 2010 12:54am Jun 1, 2010 12:54am
Quoting yeri
micho: well actually cover it or not, it doesn't matter for me. but insulting other people here is matter to me. . i think this is the point that so many people comment to your post. you want to share your trade then good for you, good for me also it add my perspective. but if you share with calling others "fools" "rookie" and other arrogant word....... i dont know about this. he3 anyway lets continue this thread peacefully. and pleaseeee micho no more insulting other people.
When life gives you lemons, make lemonade
  • #16,025
  • Jun 1, 2010 12:58am Jun 1, 2010 12:58am
  • #16,026
  • Jun 1, 2010 1:05am Jun 1, 2010 1:05am
USD/JPY rising due to some big orders from Japanese institutional investors related to their launch of new trust fund accounts at start of new month, says senior dealer at major Japanese bank. Adds, non-Japanese hedge funds also buying pair actively around 91.00 possibly "to defend their options contracts with strike around the 91.00-mark," he says. Adds, "today's market is driven by technical issues, not news."
A little beginner trader since 2006
  • #16,027
  • Jun 1, 2010 1:14am Jun 1, 2010 1:14am
Nice info Naseri13,
  • #16,028
  • Jun 1, 2010 1:25am Jun 1, 2010 1:25am
Quoting Naseri13
USD/JPY rising due to some big orders from Japanese institutional investors related to their launch of new trust fund accounts at start of new month, says senior dealer at major Japanese bank. Adds, non-Japanese hedge funds also buying pair actively around 91.00 possibly "to defend their options contracts with strike around the 91.00-mark," he says. Adds, "today's market is driven by technical issues, not news."
it is moving due to natural price reaction
When life gives you lemons, make lemonade
  • #16,029
  • Jun 1, 2010 1:33am Jun 1, 2010 1:33am
some wonderful opportunities developing in all USD pairs now, hope to be able to catch the action later this afternoon after this 4H closes
When life gives you lemons, make lemonade
  • #16,030
  • Jun 1, 2010 1:47am Jun 1, 2010 1:47am
Quoting micho
some wonderful opportunities developing in all USD pairs now, hope to be able to catch the action later this afternoon after this 4H closes
...im waiting for the next 4hr close too...lookn good to short
  • #16,031
  • Jun 1, 2010 1:54am Jun 1, 2010 1:54am
Quoting Kas1
...im waiting for the next 4hr close too...lookn good to short
yes but wait for signal first and then poofffffffff it goes down otherwise up
When life gives you lemons, make lemonade
  • #16,032
  • Jun 1, 2010 1:55am Jun 1, 2010 1:55am
Quoting micho
it is moving due to natural price reaction
  • #16,033
  • Jun 1, 2010 2:41am Jun 1, 2010 2:41am
Quoting realjumper
Previous resistance now becomes support.......
And continues to do so........
Attached Image (click to enlarge)
Click to Enlarge Name: cont.jpg Size: 128 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,034
  • Jun 1, 2010 2:58am Jun 1, 2010 2:58am
hmmm still no clue for this pair. still can go up or down. hopefully in the next 2 days we can see the direction.
  • #16,035
  • Jun 1, 2010 2:59am Jun 1, 2010 2:59am
The Dollar/Yen retreated a little bit, and consolidated around 91, but we still believe that we could see the price targeting the most important resistance for now: Fibonacci 61.8% for the short term at 91.84. But in order for it to hold to these chances, the price should hold above the 90.87 support, and not to start drifting lower and away from 91! The resistance 91.84 is the separating level between a positive & a negative medium term outlook. If price stops at or around 91.84, the odds of going back down will be enormous, and a top around here could provide us with a wonderful chance to sell for medium term. But if broken, we will see a strong jump to 92.95 and may be 93.65. Support is at 90.87, and if broken, the price will retreat to 90.26 then to the very important 89.67. We still believe that 91.84 is still the most important medium term resistance for now, while the medium term support is at 89.67.
A little beginner trader since 2006
  • #16,036
  • Jun 1, 2010 3:00am Jun 1, 2010 3:00am
Quoting micho
yes but wait for signal first and then poofffffffff it goes down otherwise up
Support:
• 90.87: important intraday level.
• 90.26: short term 50% Fibonacci level (for the rising move from 88.96).
• 89.67: the slowly rising trend line on hourly chart.

Resistance:
• 91.84: Fibonacci 61.8% for the short term, the most important resistance at all for the time being.
• 92.95: May 18th high.
• 93.65: Apr 6th low.
A little beginner trader since 2006
  • #16,037
  • Jun 1, 2010 3:07am Jun 1, 2010 3:07am
Quoting Kas1
...im waiting for the next 4hr close too...lookn good to short
looks like it closed pretty flat for this 4hr block to me...other jp pairs look better to look for shorts now i think...wouldnt be suprised if it dropped still but im staying away for now
  • #16,038
  • Jun 1, 2010 3:15am Jun 1, 2010 3:15am
Quoting yeri
hmmm still no clue for this pair. still can go up or down. hopefully in the next 2 days we can see the direction.
It could go down, or up as you say. Consider this though.....that 170 pip drop on the eur/usd pair, only dragged the usd/jpy down by 75 pips near enough, and it has already taken back 40 pips of that drop. Cable dropped about 130 pips and has taken back 55 pips. Eur/usd has only reclaimed about 20 pips.

What does that tell you? It tells me that the Euro, as we all know, is the one with the huge problem....but....there isn't a mass exodus to the Yen or the British Pound. There does seem to be an exodus to the USD, however.

So, it the USD/JPY pair was going to 88, the I suggest that it just missed it's best opportunity to do so......

5c
Doing what you like is Freedom. Liking what you do is Happiness.
  • #16,039
  • Jun 1, 2010 3:20am Jun 1, 2010 3:20am
Quoting realjumper
It could go down, or up as you say. Consider this though.....that 170 pip drop on the eur/usd pair, only dragged the usd/jpy down by 75 pips near enough, and it has already taken back 40 pips of that drop. Cable dropped about 130 pips and has taken back 55 pips. Eur/usd has only reclaimed about 20 pips.

What does that tell you? It tells me that the Euro, as we all know, is the one with the huge problem....but....there isn't a mass exodus to the Yen or the British Pound. There does seem to be an exodus to the USD, however.

So, it the USD/JPY...
The USDJPY pair is down and the EURJPY cross is lower. Japanese public finances are a worry. however JGB bonds are mostly owned by Japanese. The government wants a lower exchange rate and has warned the markets about the JPY. It also has been pressing the BOJ to promote growth. Some traders focus intently on the Japan vs. U.S. 2-yr note spread (only the U.S. 2-yr moves much).
A little beginner trader since 2006
  • #16,040
  • Jun 1, 2010 3:24am Jun 1, 2010 3:24am
Quoting micho
it is moving due to natural price reaction
what do you mean buy natural price dear micho ?
A little beginner trader since 2006
34 traders viewing now