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USD/JPY Discussion

  • #23,761
  • Apr 5, 2011 6:51pm Apr 5, 2011 6:51pm
Quoting MapleLeaf
Yes the trend has been UP all day for U-J, however it was going to find some stop losses somewhere, between .20 and .50...
None that im hearing... Im only hearing sellers up that way.
I wouldnt be suprised to see tokyo sellers first up then the bounce..
I could be wrong .
  • #23,762
  • Apr 5, 2011 6:55pm Apr 5, 2011 6:55pm
I have been short since 85.16.
The Black Swan: The Impact of the Highly Improbable
  • #23,763
  • Apr 5, 2011 6:58pm Apr 5, 2011 6:58pm
Quoting MapleLeaf
I have been short since 85.16.
Love your work.. fortune favours the brave..
  • #23,764
  • Apr 5, 2011 7:11pm Apr 5, 2011 7:11pm
closed short with profit and now long.

You were right about Tokyo Lasty, good call.
The Black Swan: The Impact of the Highly Improbable
  • #23,765
  • Apr 5, 2011 7:13pm Apr 5, 2011 7:13pm
Quoting MapleLeaf
closed short with profit and now long.

You were right about Tokyo Lasty, good call.
Nice work.. love to see a happy camper..
  • #23,766
  • Apr 5, 2011 7:30pm Apr 5, 2011 7:30pm
I enter long @ 85.08 and a buy stop at 85.23. get the hell out of this pair @ 85.79. I gonna put a HUGE buy stop @ 85.97 and 86.08 and take profit at 86.40. I'm pretty sure that there are a lot of stop loss over there.

Good day guy
  • #23,767
  • Apr 5, 2011 8:32pm Apr 5, 2011 8:32pm
Quoting MapleLeaf
Are you still long USDJPY ? As you can SEE it's reversing right now.

Unfortunately nobody saying anything about it. Only AFTER everything happened, people talk and gives explanations with the day after tomorrows newspaper.
Please read my old posts, i ve been saying since a week ago, that this pair will reach the 90, and then later the 100, with a small resistence at 85.90, dont short this pair, dont go against the waves....of the trend

No regret
No surrender
  • #23,768
  • Apr 5, 2011 8:41pm Apr 5, 2011 8:41pm
Never traded USDJPY until a few weeks ago, but it does seem like a good long term hold. So... when should I stop averaging up? This and EURJPY may be even better goldmines than, well, gold.
  • #23,769
  • Apr 5, 2011 8:44pm Apr 5, 2011 8:44pm
Quoting MapleLeaf
Are you still long USDJPY ? As you can SEE it's reversing right now.

Unfortunately nobody saying anything about it. Only AFTER everything happened, people talk and gives explanations with the day after tomorrows newspaper.
Not sure what charts you're looking at ... the most I can find is a 25 pips reversal/retrace, and yet you're calling it as if it's as plain as day. When a pair moves hundreds of pips north, reversals are not easily called, especially if that pair is USDJPY.

Quoting kunstock
Do you have any analysis on GBPJPY? should this big move a a correction? can understand how can this just go one direction only
139.2/139.4/139.x has traditionally been strong reversal/bounce territory - you'll have to go to your weekly view. 139.65 at time of writing, and at least 210+ pips up since the illiquid NY afternoon (<8 hours) which is mind boggling to me. Similar insane movements have occurred in EJ.

If it closes above or at the high end of 139, 142/143 could be around the corner; if we continue to see yen weaking AND BoE hawkishness (in sync with ECB?), it could happen soon.
  • #23,770
  • Apr 6, 2011 2:38am Apr 6, 2011 2:38am
Intervention is big problem for all JPY pairs now!

It's not only made all jpy pairs soaring record high and record long time ,
But also all price soaring in commodity.....

Why nobody talk about it?

Let's ask BOJ a couple of simple questions:

1. The japan financial market ( stock,forex......) are not volatile now,
Actually, it's normal now !

Why BOJ continue intervention??

Even ask G7 to intervene a normal market all together again and again???

2. Instead of injecting trillions dollars into virtual financial market for this
No sense intervention ...

Why not send this trillion dollars to japan victim , Japan real economy to make real recovery??


What do BOJ real care about?? Japan ,Japan citizen and taxpayer.....? or something else???


3, Japan is an island nation, everything rely on import!!
The BOJ injected trillions dollar worldwide for this non sense intervention,
making every price in commodity soaring again for what????

Is this for Japan recovery????
  • #23,771
  • Apr 6, 2011 3:07am Apr 6, 2011 3:07am
Quoting Beljevina
139.2/139.4/139.x has traditionally been strong reversal/bounce territory - you'll have to go to your weekly view. ...

If it closes above or at the high end of 139, 142/143 could be around the corner; if we continue to see yen weaking AND BoE hawkishness (in sync with ECB?), it could happen soon.
Significant it was, 139.7ish. So far, that is. Looks like we've got the widest spread H1 bar on the chart in some time. I think we could spend some time up here; don't see any steep declines, as UJ may still be itching for 85.8 and GU shouldn't be falling anytime soon.
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  • #23,772
  • Apr 6, 2011 3:18am Apr 6, 2011 3:18am
Keep The Long term View Mate and watch out the yellow mark
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  • #23,773
  • Apr 6, 2011 6:29am Apr 6, 2011 6:29am
Quoting APupil
Intervention is big problem for all JPY...
I would say that you should take the loss of your shorts
  • #23,774
  • Apr 6, 2011 7:55am Apr 6, 2011 7:55am
would say next target 86 followed by 89.. would do you recon guys?

og
  • #23,775
  • Apr 6, 2011 8:51am Apr 6, 2011 8:51am
Quoting Oliver Grund
would say next target 86 followed by 89.. would do you recon guys?

og
70 test
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #23,776
  • Apr 6, 2011 2:20pm Apr 6, 2011 2:20pm
Quoting rahulkghosh
70 test
yes, at 86, this week, bounce back to 84

next 1-2 weeks 80ies again

then same outlook possible like all the recent weeks---> low 70ies

only there will a true trend build up and start.
this pig cannot be slaughtered for ever... or can it?
  • #23,777
  • Apr 6, 2011 2:22pm Apr 6, 2011 2:22pm
Quoting charlierich
Never play against the trend, right now is an uptrend and is the big long journey remember?, beware of the 85.91 some resistence there,put some sl but not to much, the first goal (90) is near.....

No regret, no surrender
what trend?

I see a large-scale SPIKE, but not a trend.
this pig cannot be slaughtered for ever... or can it?
  • #23,778
  • Apr 6, 2011 3:05pm Apr 6, 2011 3:05pm
My view on the USDJPY.
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  • #23,779
  • Apr 6, 2011 3:30pm Apr 6, 2011 3:30pm
Quoting Oliver Grund
would say next target 86 followed by 89.. would do you recon guys?

og
This isn't a new trend, we're still in a downward one, this is just a slight correction, people who think this will go up to the skies should take a look at AUD/USD, keeps going up and up, you get the pull backs then the dollar loses steam again.
This is already consolidating at 8540, Yen will soon be ready to rise again, if USD/JPY goes much higher a short will be the easiest money I've made in a long, long time.
Don't be confused you people this is a suckers rally.
I'm watching this currency so closely I'm using windows magnifier
  • #23,780
  • Apr 7, 2011 12:27am Apr 7, 2011 12:27am
Any ideas what generated this USDJPY downfall during the last few hours?

from 85.50 to 85.10 and counting.
The Black Swan: The Impact of the Highly Improbable
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