USDJPY is just waiting to get up there
will make at least 100 pips on this trade.
maybe it's time to enter long?
I bet that many traders are waiting!
- #16,743
- Jul 1, 2010 4:29am Jul 1, 2010 4:29am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
maybe it's time to enter long?
I bet that many traders are waiting!
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,744
- Jul 1, 2010 4:33am Jul 1, 2010 4:33am
- | Joined Oct 2008 | Status: Trader | 1,177 Posts
took another short from 88283 resistance, 87855 target...not going so well off the bat...looks like a pullback in search for some stops...2 to 1 r/r
- #16,745
- Jul 1, 2010 4:33am Jul 1, 2010 4:33am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006
The Japanese Yen (JPY) was extremely strong as risk aversion kept crosses lower and USD/JPY tested Y88.40 support. Traders are wary of Sub Y88 levels as when get close to levels that may prompt intervention talk from Japanese officials. Overall the USDJPY traded with a low of 88.36 and a high of 88.79 before closing the day around 88.50 in the New York session. UPDATE Q2 TANKAN SURVEY +1 vs. -4 forecast.
Source: http://uk.ibtimes.com/articles/20100...y-1st-july.htm
let's stay vigilant
Japanese is only who thinks so, the black cloud is over your head ready to rain, they are still thinking about umbrellas buy! Japanese politicians are only looking at the cloud coming! will wet everything and everyone!
http://www.reuters.com/article/idUSTKG00679520100701
http://www.reuters.com/article/idUSTKB00689220100701
- #16,747
- Jul 1, 2010 4:43am Jul 1, 2010 4:43am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
one more likely to intervene
let's stay vigilant
Japanese is only who thinks so, the black cloud is over your head ready to rain, they are still thinking about umbrellas buy! Japanese politicians are only looking at the cloud coming! will wet everything and everyone!
http://www.reuters.com/article/idUSTKG00679520100701
I wonder....lets assume that NFP raises the Yen still further.....I wonder whether any intervention will occur soon after, or not until the BOJ metts on the 14th?
I remember last time intervened, they said that they would do if the Yen got to 85......the moment it touched 85, they acted!! If histoy repeats, that would give us (and BOJ) aother 400 pips of breathing space.
Doing what you like is Freedom. Liking what you do is Happiness.
one more likely to intervene
let's stay vigilant
Japanese is only who thinks so, the black cloud is over your head ready to rain, they are still thinking about umbrellas buy! Japanese politicians are only looking at the cloud coming! will wet everything and everyone!
http://www.reuters.com/article/idUSTKG00679520100701
http://www.reuters.com/article/idUSTKB00689220100701
（Hamada added that the Ministry of Finance should intervene to weaken the yen until it trades around 105-110 per dollar to help end Japan's second bout of deflation in less than a decade.）
http://www.reuters.com/article/idUSTOE65T06520100630
- #16,749
- Jul 1, 2010 5:51am Jul 1, 2010 5:51am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,751
- Jul 1, 2010 7:45am Jul 1, 2010 7:45am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,752
- Jul 1, 2010 7:53am Jul 1, 2010 7:53am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,754
- Jul 1, 2010 8:06am Jul 1, 2010 8:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,756
- Jul 1, 2010 8:15am Jul 1, 2010 8:15am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,758
- Jul 1, 2010 8:37am Jul 1, 2010 8:37am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Maybe not so far into the future as you think. Governments are starting to unite against the US fiscal policy. The only foreign person who have said something positive about out it is the president of Argentina because of the crisis in 1999 and the following years.
Doing what you like is Freedom. Liking what you do is Happiness.