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USD/JPY Discussion

  • #23,781
  • Apr 7, 2011 1:28am Apr 7, 2011 1:28am
i am also a big supporter of tech analysis but in this case we can and should not ignore fundamentals.

It is positive for Japan to have a weaker jpy in order to stimulate export which is very important after the tsunami and the nuclear chaos. moreover we probably see that ben is forced to increase interest rates mach earlier than that will happen in Japan.
  • #23,782
  • Apr 7, 2011 1:46am Apr 7, 2011 1:46am
Quoting Oliver Grund
i am also a big supporter of tech analysis but in this case we can and should not ignore fundamentals.
Never ignore the fundamentals.

Tech. analysis and fundamentals do not have to be mutually exclusive. When they are in agreement good things often happen.

  • #23,783
  • Apr 7, 2011 1:49am Apr 7, 2011 1:49am
Quoting MapleLeaf
Any ideas what generated this USDJPY downfall during the last few hours?

from 85.50 to 85.10 and counting.
Just the natural flow of things.

  • #23,784
  • Apr 7, 2011 2:57am Apr 7, 2011 2:57am
The monetary base in Japan surged 16. 9 percent in March from a year earlier, rising for the 31st consecutive month from a 5.6 percent annual increase booked in the previous month, the Bank of Japan (BOJ) said in a report on Monday.


The market is flooded with Yen, and of course some of it will find it's way in other currencies. Some in JGBs as the monetary base includes deposits, and Japanese banks purchase bonds with the money. But still the interest rates rise on JGBs. It's normal for the yen to depreciate in such situation. I expect 120 USDJPY in max 2 years time. So I hold long-term USDJPY long position.
Expect Japanese debt crisis so get out of JGBs and long yen long-term if you have.
  • #23,785
  • Apr 7, 2011 3:56am Apr 7, 2011 3:56am
how i wish i could have buy in everything i got at 76.50 mark ......
  • #23,786
  • Apr 7, 2011 4:31am Apr 7, 2011 4:31am
Quoting Astroman
Just the natural flow of things.

Going down from here, sell now everyone, before you lose your profits
Yen is still loved by everyone.
I'm watching this currency so closely I'm using windows magnifier
  • #23,787
  • Apr 7, 2011 4:53am Apr 7, 2011 4:53am
It's lucky that I got out at @85.40 this damn morning. Now I'm just enjoying the show, oh yeah
  • #23,788
  • Apr 7, 2011 6:24am Apr 7, 2011 6:24am
Hey guys, I see a buying signal over here. I def. get in if this little bastard couldn't break 84.8 level in next five hours.

  • #23,789
  • Apr 7, 2011 9:46am Apr 7, 2011 9:46am
G7 protected the JPY @80, there is no more risk in selling JPY, just sell the JPY @83, if it goes to 80 then sell again as G7 is protecting that level, carry trade is now on full gears with no risk to it
  • #23,790
  • Apr 7, 2011 9:52am Apr 7, 2011 9:52am
WHATS GONNA PROTECT IT from this 7.4 QUAKE! lol SELL JPY and be millionares!!!!! HAHAHAHA
  • #23,791
  • Apr 7, 2011 10:04am Apr 7, 2011 10:04am
Quoting Dredding82
WHATS GONNA PROTECT IT from this 7.4 QUAKE! lol SELL JPY and be millionares!!!!! HAHAHAHA
I cancel my plan that get in if it cannot break 84.8 with this kind of news. I only enter it if it break 86.0 level resistance. Remember last time, this kind of news pop-up and this little bastards drop 600 pips.

Be patience and ready.
  • #23,792
  • Apr 7, 2011 10:06am Apr 7, 2011 10:06am
Quoting visser300
I cancel my plan that get in if it cannot break 84.8 with this kind of news. I only enter it if it break 86.0 level resistance. Remember last time, this kind of news pop-up and this little bastards drop 600 pips.

Be patience and ready.
SELL JPY ............means BUY USDJPY....BUY GBPJPY .....ETC.....lol

If the Centeral Banks Step back in................which happened last time....
  • #23,793
  • Apr 7, 2011 10:12am Apr 7, 2011 10:12am
Quoting Dredding82
SELL JPY ............means BUY USDJPY....BUY GBPJPY .....ETC.....lol

If the Centeral Banks Step back in................which happened last time....
Buddy, I was wiped out many times and what I have learn is traders should have no bias in any kind of situation. You should not believe yourself, look at the chart, it will tell you about market bias, charts will tell you about market bias.

Don't be hero, don't have ego, always question about your ability.

Have your learned it from Paul Tudor yet?
  • #23,794
  • Apr 7, 2011 10:21am Apr 7, 2011 10:21am
Quoting visser300
Buddy, I was wiped out many times and what I have learn is traders should have no bias in any kind of situation. You should not believe yourself, look at the chart, it will tell you about market bias, charts will tell you about market bias.

Don't be hero, don't have ego, always question about your ability.

Have your learned it from Paul Tudor yet?
Wiped out? You must not have learned how to properly MANAGE YOUR MONEY or TRADES.......i would look into that if i were you!

NO BIAS? NO EGO? QUESTION YOURSELF? those all sound like things traders THAT DONT MAKE pips do..................

My BIAS is the USDJPY is going to SHOOT DOWN....then UP UP AWAY!
My EGO........ITS HUGE!
IF I QUESTION MYSELF.....Not when it comes to TA & FA!
  • #23,795
  • Apr 7, 2011 10:25am Apr 7, 2011 10:25am
Quoting visser300
Buddy, I was wiped out many times and what I have learn is traders should have no bias in any kind of situation. You should not believe yourself, look at the chart, it will tell you about market bias, charts will tell you about market bias.

Don't be hero, don't have ego, always question about your ability.

Have your learned it from Paul Tudor yet?
I agree man
Don't believe the nonsense many posters come out with - it will go down and then up and then up....
No logical basis given, just guessing.
The charts do not lie. Plenty of posters do or talk nonsense.

I believe the yen will depreciate over the coming weeks/months - probably in the way Dredding does but I'd rather not write in capitals.
I don't believe the earthquake will make much difference, this is nowhere near as bad as the 9+ quake, these are measured on a log scale not linear
  • #23,796
  • Apr 7, 2011 10:30am Apr 7, 2011 10:30am
Quoting six gun
I agree man
Don't believe the nonsense many posters come out with - it will go down and then up and then up....
No logical basis given, just guessing.
The charts do not lie. Plenty of posters do or talk nonsense.

I believe the yen will depreciate over the coming weeks/months - probably in the way Dredding does but I'd rather not write in capitals.
I don't believe the earthquake will make much difference, this is nowhere near as bad as the 9+ quake, these are measured on a log scale not linear
I write in capitals....CAUSE IM HAPPY! And you people are CRAZY! Im saying the USDJPY will prob DROP.........Then go back UP!
  • #23,797
  • Apr 7, 2011 10:32am Apr 7, 2011 10:32am
Quoting six gun
I agree man
Don't believe the nonsense many posters come out with - it will go down and then up and then up....
No logical basis given, just guessing.
The charts do not lie. Plenty of posters do or talk nonsense.

I believe the yen will depreciate over the coming weeks/months - probably in the way Dredding does but I'd rather not write in capitals.
I don't believe the earthquake will make much difference, this is nowhere near as bad as the 9+ quake, these are measured on a log scale not linear
price will tell, buddy. I will not predict and guess anything at all.

For a small long, I think that I will enter some @84.4x with tight stop-loss and price action.
  • #23,798
  • Apr 7, 2011 10:35am Apr 7, 2011 10:35am
Quoting visser300
price will tell, buddy. I will not predict and guess anything at all.

For a small long, I think that I will enter some @84.4x with tight stop-loss and price action.

Well thats were traders like me.....have the upper hand i trade TA,FA and news................
  • #23,799
  • Apr 7, 2011 10:36am Apr 7, 2011 10:36am
Where is USDJPY HEADING now?..............DOWN! lmao
  • #23,800
  • Apr 7, 2011 10:48am Apr 7, 2011 10:48am
Quoting Dredding82
I write in capitals....CAUSE IM HAPPY! And you people are CRAZY! Im saying the USDJPY will prob DROP.........Then go back UP!
LOL.
I'm glad for you man.

I can see it dropping right now!
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