USD/JPY Discussion

well, can't blame him ... he is just doing his job ... Noteworthy

What ever happen to the saying you have to reach the bottom before the top ? Where is it in this PAIR ````

I buy i lose i sell i loose i close out it goes the other way 81.30 long and hating it for now anyway...

Yes, that is really frustrating. But be comforted that you are not the only one on the planet that got wacked around by USD/JPY these few weeks. I have been doing quick in-outs taking 20 pips profit maximum for this pair. I have no confidence about going long or short aiming for hundreds of pips which some traders here seem to be aiming for.

I have 5 long positions that just got triggered at 80.70. Aiming to take profit at 80.90. See how small of a fish I am.

His boss had him hypnotized, so he thinks he sees geishas dancing on the screen.

You know what they say: Don't get married to ur positions. Get a divorce!

hourly chart

do your own analysis ... look at different timeframes ... compare .... see if trend is reversed .... let the trend establish .... get in in the middle of the trend ...follow the trend ... that is , if you are trying for long ... don't anticipate absolute bottom and ride all the way to absolute top , never happens ... be disciplined , be patient , don't enter on emotions ... when in doubt , keep out ..

... does this make any sense i am saying ??? .. just blabbering ...

cheek

link leads to subscription login ... not a subscriber .... just curious ... what was written ... care to share ?

Same with me.
I promised that when UJ up to 91 will stop trading this pair anymore.
Better EU, GU, UC except UJ.

Try this link

still the same, it ask for username and password.

That's strange.....it works for me. However......

Preparing For G-20 Failure
By NICHOLAS HASTINGS
A DOW JONES NEWSWIRES COLUMN


LONDON -- Japan is getting ready just in case G-20 fails.

Hopes are that leaders of the world's major economies are edging closer to an accord that will resolve the problem of current account imbalances through stimulation of domestic demand and a reduction in trade barriers rather than through recent competitive currency devaluations.

If the leaders do come up with an accord at their summit in Seoul in the middle of next month, downward pressure on the dollar should fade, the yen should fall and Japanese economy should get some much-needed relief.

However, the Japanese authorities aren't counting on this.
In fact, they appear to be on standby--ready to adopt more measures for lowering the yen if G-20 doesn't look up to the job.

Their urgency is hardly surprising.

Earlier Thursday, the Bank of Japan not only lowered its growth forecasts for the next two years but also predicted core consumer price inflation at levels well below its own 1.0% target.

Retail sales, which fell by 3% last month, and a warning from the central bank that the likelihood of a global slowdown next year won't make life for Japanese exporters any easier means that the yen's strength is becoming even more of an issue.

The bank's surprise decision to bring forward its next meeting to Nov. 4-5 from Nov. 15-16, not only means that the bank can now launch its latest asset purchase program even sooner but that it can also respond with more easing, if needed, to the U.S. Federal Reserve's policy changes on Nov. 3rd.

Details of the current program reveal that the bank is already lowering the credit rating on its corporate bond purchases in a bid to help smaller and medium-term Japanese companies who remain starved of credit as the economic recovery continues to falter.

But, it is what the Fed does next Wednesday that probably holds the real key to how the yen, and for that matter the dollar, perform.

The U.S. is certainly coming under international pressure not to be too aggressive. In other words, limit further quantitative easing to minimal levels and ensure that the dollar's slide doesn't continue.

By moving its next meeting to the day after the Fed, the Bank of Japan will be on hand to react.

An aggressive rise in QE could well signal not only a lack of restraint ahead of the G-20 summit but also the resumption of the so-called currency wars.

If so, Japan will be well placed to provide additional monetary easing of its own to stop the yen from rising further, or even resort once again to the massive direct market intervention that it employed to push the yen lower only six weeks ago.

The dollar was still down at Y81.39 from Y81.70 late in New York Wednesday after the Bank of Japan's plans were revealed earlier in the day but up from a low of Y81.22.

Thank you.

it is that you are already logged in that is why it always open for you. try opening it in different browser and you will see.

No, I'm not even a subscriber!!

Here's another great read

Real...

Are you currently in a position?

Not at the moment

well indeed it is a good read.
thx

well we will see what next week will bring there is major news coming from everywhere that it might change trends, but first I think the Yen should touch 79.75.

My View still valid but i moved the stop to 80.85 and will close when approaching 80.10
from there i will start buying

Yeah the market is so close to the all time low that's hard to imagine that it won't have a crack at it. If it does, that's where I will look to start building longs......

Guys can someone tell me when this QE2 will be plan to be rolled out?i was being busy with my office task this make me lost the track.