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USD/JPY Discussion

  • #24,781
  • Jul 12, 2011 3:19am Jul 12, 2011 3:19am
it just triggered all the pending orders , nothing to do with fundamentals.

entered long , target price 81.20

Quoting Amanda2
Ok, what just happened? The JPY's renewed strength across the board is just . . . wow. Just because of "risk-aversion" to Eurozone? Why is the mkt acting as if this is the first time it is seeing the Eurozone mess? I am long on USD/JPY at 79.80, which I thought would never be reached. Shows you how much I know.
  • #24,782
  • Jul 12, 2011 3:20am Jul 12, 2011 3:20am
long too from 79.43
  • #24,783
  • Jul 12, 2011 3:22am Jul 12, 2011 3:22am
Quoting USD-Bear
what stops do you use in these circumstances?
No stops right now.

  • #24,784
  • Jul 12, 2011 3:23am Jul 12, 2011 3:23am
Quoting tankokjian
nice one,
Stop hunt... was a pending order from awhile back... i knew everyone would stack shorts there...

Im still seeing a retest of 76 guys... looking to short on a retest of 79.75- 80.00
  • #24,785
  • Jul 12, 2011 3:24am Jul 12, 2011 3:24am
Shirikawa came out and said that the Euro debt crises had very little effect on the yen

hence it makes the yen very appealing for a safe haven currency play
  • #24,786
  • Jul 12, 2011 3:27am Jul 12, 2011 3:27am
no data can affect such enormous movement.?? why dont he just appear and say a few more things and make the price move here and there =))

Quoting Wulfgar
Shirikawa came out and said that the Euro debt crises had very little effect on the yen

hence it makes the yen very appealing for a safe haven currency play
  • #24,787
  • Jul 12, 2011 3:37am Jul 12, 2011 3:37am
Quoting Wulfgar
Shirikawa came out and said that the Euro debt crises had very little effect on the yen

hence it makes the yen very appealing for a safe haven currency play
Tks, even though I think Shirakawa is plucking facts from thin air here. All this mkt obsession with safe haven currencies is getting on my nerves. Flee to the US dollars, dammit.
  • #24,788
  • Jul 12, 2011 3:40am Jul 12, 2011 3:40am
Quoting tankokjian
no data can affect such enormous movement.?? why dont he just appear and say a few more things and make the price move here and there =))
these guys are crazy... the central bank chairmen run the world.. it is sickiening how they say 3 words and billions are moved with absolute ferver
  • #24,789
  • Jul 12, 2011 4:06am Jul 12, 2011 4:06am
Ok here is my play

Sell Limit 79.75

SL 80.10

TP1 78.80

TP2 76

Based on a major momentum break of the 79.75( which was the Kobe low back in the 90's that held for YEARS before the flash crash after Fukushima).

That level now becomes very very strong resistance... perfect for a bounce . Fundies back it up with the Yen strength and shirikawas statements today...

All systems go for take off....
  • #24,790
  • Jul 12, 2011 4:45am Jul 12, 2011 4:45am
i expect price to retrace to 79.50 before making its way up again. this time to 81.03


Quoting Wulfgar
Ok here is my play

Sell Limit 79.75

SL 80.10

TP1 78.80

TP2 76

Based on a major momentum break of the 79.75( which was the Kobe low back in the 90's that held for YEARS before the flash crash after Fukushima).

That level now becomes very very strong resistance... perfect for a bounce . Fundies back it up with the Yen strength and shirikawas statements today...

All systems go for take off....
  • #24,791
  • Jul 12, 2011 5:25am Jul 12, 2011 5:25am
Quoting tankokjian
i expect price to retrace to 79.50 before making its way up again. this time to 81.03
well you are prolly right... Noda went yappin his fat mouth about how the yen moves are too shaprp and how he is watching fx markets " carefully"

Im out with a few pips till things chill a bit
  • #24,792
  • Jul 12, 2011 2:21pm Jul 12, 2011 2:21pm
Quoting torkay77
long too from 79.43
stopped out at break even = +2 pips

profit of the day ..lol
  • #24,793
  • Jul 12, 2011 2:37pm Jul 12, 2011 2:37pm
i wonder when japans central bank gonna interfere now ?When country is mainly living on its exports totyota,mazda,sony samsung and other stuff that they make in Japan,all this should be killing the exporters since you have to increase prices,and then theres even less buyers.
  • #24,794
  • Jul 12, 2011 2:43pm Jul 12, 2011 2:43pm
Quoting pinkiaiii
i wonder when japans central bank gonna interfere now ?When country is mainly living on its exports totyota,mazda,sony samsung and other stuff that they make in Japan,all this should be killing the exporters since you have to increase prices,and then theres even less buyers.
well they can (and do) produce abroad.
But you're right I heard local auto-industry needs 85 for BE
Don't be a hero. Don't have an ego. Always question yourself
  • #24,795
  • Jul 12, 2011 2:45pm Jul 12, 2011 2:45pm
Quoting pinkiaiii
i wonder when japans central bank gonna interfere now ?When country is mainly living on its exports totyota,mazda,sony samsung and other stuff that they make in Japan,all this should be killing the exporters since you have to increase prices,and then theres even less buyers.
shirikawa has made it clear that he mainly wont accept sharp yen moves. I think it is all BS that a central bank can muscle the market like the BOJ does... seriously if they dont want people buying their yen then take it off the markets.

fact is that it really isnt a yen problem.. its the rest of the world... and due to japans nationalistic banking system when there is global turmoil people flock to its treasuries.

anyhow ill wait till after asia roll and see if the BOJ flexes... if not then Ill short this sucker again...

the 79.75 is now HUGE resistance
  • #24,796
  • Jul 12, 2011 3:38pm Jul 12, 2011 3:38pm
Volume today as high as last intervention day.
Very disorderly I would say .

Trying a long @ 79.30

D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0218.jpg Size: 120 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #24,797
  • Jul 12, 2011 3:52pm Jul 12, 2011 3:52pm
Quoting mima
It seems that we have different volumes...
talking UJ not GJ.....
Don't be a hero. Don't have an ego. Always question yourself
  • #24,798
  • Jul 12, 2011 4:01pm Jul 12, 2011 4:01pm
during the flash crash the market made its move over the next hour right after NY close...
  • #24,799
  • Jul 12, 2011 4:07pm Jul 12, 2011 4:07pm
Quoting mima
Ya, but your screenshot is GJ? Right?...so mine is too.
no it's UJ look at prices....
Don't be a hero. Don't have an ego. Always question yourself
  • #24,800
  • Jul 12, 2011 4:15pm Jul 12, 2011 4:15pm
Quoting USD-Bear
Volume today as high as last intervention day.
Very disorderly I would say .

Trying a long @ 79.30

D1:
Attachment
damn stopped
Don't be a hero. Don't have an ego. Always question yourself
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