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USD/JPY Discussion

  • #18,921
  • Sep 22, 2010 1:56am Sep 22, 2010 1:56am
Quoting TheArcher
i was thinking if it was about 16 pips ( 1.331 - 1.315 = 0.016 ) ... now i know .

thanks
Just roughly....the move started at 3130 and ended at 3280, That's 150 pips.....I don't pay any notice to the 5th decimal
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,922
  • Edited 5:45am Sep 22, 2010 5:43am | Edited 5:45am
Quote 'So my advice is to look at the other USD pairs, imagine BOJ wants to be USD neutral to negative and then look for confirmation in USDJPY.

Currency trading appears more lethal than before imho.[/quote]



Hi, you're not the first person I've seen using the term but could you tell me please what 'imho' means.

Thanks, Lori
  • #18,923
  • Sep 22, 2010 5:48am Sep 22, 2010 5:48am
Quoting Lorna
Hi, you're not the first person I've seen using the term but could you tell me please what 'imho' means.

Thanks, Lori
In My Humble Opinion
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,924
  • Sep 22, 2010 5:57am Sep 22, 2010 5:57am
Quoting Petar_Serbia
THis is how i see USDJPY,we will see tomorow.I see strong Pattern for sell on good TL,my advice for toomorow sell position TP around 84.50-85.00,just my advice...
OPen sell only if H4 stick finish below previuse stick...


Cheers

Petar
As i post 7 days ago,we see that now,we broke my Target but this will be very interesting,next target should be on white line i posted,we will see...

Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #18,925
  • Sep 22, 2010 6:01am Sep 22, 2010 6:01am
My best attempt to convince myself to buy
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  • #18,926
  • Sep 22, 2010 6:31am Sep 22, 2010 6:31am
Quoting need-help
My best attempt to convince myself to buy
On a bigger TF....somewhere around 84.20 will be the re-test of the upper TL......if it breaks, intervention fails!
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,927
  • Sep 22, 2010 6:49am Sep 22, 2010 6:49am
Quoting realjumper
On a bigger TF....somewhere around 84.20 will be the re-test of the upper TL......if it breaks, intervention fails!
Even if such a break were to occur, it would still be far too early to make such an absolute statement regarding the success of, or the lack thereof, intervention. It's likely to be a long game that the BOJ are embarking on.

The line in the sand is assumed to be 82.00, but we obviously cannot be certain of the chances of intervention before this level is reached.
  • #18,928
  • Sep 22, 2010 6:54am Sep 22, 2010 6:54am
Quoting gammase1
Even if such a break were to occur, it would still be far too early to make such an absolute statement regarding the success of, or the lack thereof, intervention. It's likely to be a long game that the BOJ are embarking on.
Yes perhaps I chose my words poorly. I should have said that the first salvo didn't hit it's mark. BOJ has pretty deep pockets and they will be back because, as you say, it's not a short term proposition.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,929
  • Sep 22, 2010 6:58am Sep 22, 2010 6:58am
I have bought at the 20 sma on the daily and will add until 14 sep high@8372
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  • #18,930
  • Sep 22, 2010 8:23am Sep 22, 2010 8:23am
many news that the US will print more money, at the other side US hate when BOJ come to intervene the market. if really the US will print more money then what the different?

now the market become more complicated if the BOJ want to interfere again, what will happen while the US is also try to weaken their currencies also....
is just the matter of internal financial strength i think who have more money to interfere the market..... let see next week or next two week.
  • #18,931
  • Sep 22, 2010 8:42am Sep 22, 2010 8:42am
Quoting yeri
many news that the US will print more money, at the other side US hate when BOJ come to intervene the market. if really the US will print more money then what the different?

now the market become more complicated if the BOJ want to interfere again, what will happen while the US is also try to weaken their currencies also....
is just the matter of internal financial strength i think who have more money to interfere the market..... let see next week or next two week.
Exactly Yeri....there is no difference in my opinion. And to that end, Obama, congress and everyone else can expect to be ignored by BOJ....at least that's what I would do. Can't 'throw stones when you live in a glass house!'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,932
  • Sep 22, 2010 8:48am Sep 22, 2010 8:48am
Quoting realjumper
Exactly Yeri....there is no difference in my opinion. And to that end, Obama, congress and everyone else can expect to be ignored by BOJ....at least that's what I would do. Can't 'throw stones when you live in a glass house!'
Agreed. There is definitely no difference, if the Fed embarks on QE2.

Essentially, the Fed shorting the dollar, through further QE, which increases the supply, and reducing the price, of the dollar.
  • #18,933
  • Sep 22, 2010 9:17am Sep 22, 2010 9:17am
It's getting very much interesting about UJ!

If JP intervenes again, is it going to be a breakout? Or can JP intervene at all under the tremendous pressure of the US gov (and maybe of China, too)?

Seems like JP's current clandestine intervention is not quite working. Yen is nearing 84.

It's very thrilling watching this -- like watching a ticking time bomb (but is it really activated?)
  • #18,934
  • Sep 22, 2010 9:20am Sep 22, 2010 9:20am
Quoting Forexgogo
It's getting very much interesting about UJ!

If JP intervenes again, is it going to be a breakout? Or can JP intervene at all under the tremendous pressure of the US gov (and maybe of China, too)?

Seems like JP's current clandestine intervention is not quite working. Yen is nearing 84.

It's very thrilling watching this -- like watching a ticking time bomb (but is it really activated?)
BoJ is on holiday today, don't know if that's why they haven't sell some yen or because the tide is way to strong to throw money to the floor now. But they will, it's just a matter of when.
  • #18,935
  • Sep 22, 2010 9:23am Sep 22, 2010 9:23am
Quoting kandarv
BoJ is on holiday today, don't know if that's why they haven't sell some yen or because the tide is way to strong to throw money to the floor now. But they will, it's just a matter of when.
They'll act, assuming they do, when the market leasts expects. One only has to observe how they shocked everyone, particularly myself, with the timing of the first intervention.
  • #18,936
  • Sep 22, 2010 9:23am Sep 22, 2010 9:23am
what do u think guys?
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  • #18,937
  • Sep 22, 2010 9:42am Sep 22, 2010 9:42am
possible break out on the downside approaching. Targeting 841
  • #18,938
  • Sep 22, 2010 10:11am Sep 22, 2010 10:11am
Quoting gammase1
They'll act, assuming they do, when the market leasts expects. One only has to observe how they shocked everyone, particularly myself, with the timing of the first intervention.
Well P.A. is currently @ half way down intervention. Would they let it go more?
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  • #18,939
  • Sep 22, 2010 10:23am Sep 22, 2010 10:23am
invalidated. Took too much time.

Quoting need-help
possible break out on the downside approaching. Targeting 841
  • #18,940
  • Sep 22, 2010 10:24am Sep 22, 2010 10:24am
I'm so excited watching this!! It's adding speed going down! 84 is obviously a support where it will park a little. Then what'll happen? A lot of people are probably waiting at 84.00-84.10 to take some action. Or it goes down to 83 straight??

This is better than watching action movies!
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