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USD/JPY Discussion

  • #24,961
  • Jul 25, 2011 2:31am Jul 25, 2011 2:31am
Quoting KillerWhale
Bought UJ @ 78.27 ...
S
Took this one out with + 1 pip and re-entered @ 78.23
New voice message: Why are you calling me? If I need you, I'll call you!
  • #24,962
  • Jul 25, 2011 4:04am Jul 25, 2011 4:04am
Quoting siewhf
Some banks seem like buying USD to create a strong support at this level. Anyone have the same feeling ?

seems like the banks have thier "buy-a-dip-omatic" algos working overtime on this pair or we would be at 77 already
  • #24,963
  • Jul 25, 2011 5:14am Jul 25, 2011 5:14am
78.06. Courage to all who want to short this pair further.
  • #24,964
  • Jul 25, 2011 5:24am Jul 25, 2011 5:24am
Quoting Amanda2
78.06. Courage to all who want to short this pair further.
Balls to everyone who does short this pair any further
  • #24,965
  • Jul 25, 2011 5:45am Jul 25, 2011 5:45am
It's interesting to see a Never Up JPY AS FUN AS BEFORE, OVER TWO WEEKS !

It's interesting to see Jpy as a ""safe heaven currency"" ,even stronger than swiss franc !!!

Someone help answer it!

Why JPY is called Safe heaven currency ,even stronger than Swiss Franc??

1. Is its ""decades dead economy"" stronger than swiss economy?

If so, all africa country's currency should be called Safe heaven too!!

2. Is it a liquid ,world reserve currency like US$?
Is petrol dollar will be changed to petrol Jpy, so Jpy is called Safe heaven???

3. Is it highly dept ,worse than greece ?
if such a currency could be called safe heaven ,
if Greece has its own currency now ,it should be called safe heaven currency now now matter whatever happening now!!

If a country''s currency with such high debt, bad economy,less liquid
be called safe heaven?

Almost every africa country's currency should be called ""Safe heaven currency !!!

Why not zimbabuwe's dollar stronger than swiss franc now!

Or there is something else behind the funny safe heaven JPY!

Please dont laugh at me, i'm new in forex and financial market!


Just a newbie thought!
  • #24,966
  • Jul 25, 2011 5:51am Jul 25, 2011 5:51am
If a country like usa threatens to go on default i guess any currency can be called safe heaven especially when there are 100times better doing economies at this time then the dollar.But dont take it too seriously
  • #24,967
  • Jul 25, 2011 6:03am Jul 25, 2011 6:03am
Quoting SystemFX2011
some guy on CNBC on Friday said that he's short on USD/JPY for a 75.00 target and SL of 79.50
Adding Longs to my position.
  • #24,968
  • Edited 8:41am Jul 25, 2011 6:19am | Edited 8:41am
Seems like a small support @ 78.08 area....if 78.00 holds,
a small upswing towards 79.50 will be possible...
  • #24,969
  • Jul 25, 2011 6:22am Jul 25, 2011 6:22am
Quoting fxftime
It's interesting to see a Never Up JPY AS FUN AS BEFORE, OVER TWO WEEKS !

It's interesting to see Jpy as a ""safe heaven currency"" ,even stronger than swiss franc !!!

Someone help answer it!

Why JPY is called Safe heaven currency ,even stronger than Swiss Franc??

1. Is its ""decades dead economy"" stronger than swiss economy?

If so, all africa country's currency should be called Safe heaven too!!

2. Is it a liquid ,world reserve currency like US$?
Is petrol dollar will be changed to petrol Jpy, so Jpy is called...
the main reason might be that JPY is the funding currency for carry trades cause it has the lowest interest rates
whenever there is risk aversion money flows back
  • #24,970
  • Jul 25, 2011 9:03am Jul 25, 2011 9:03am
Quoting Astroman
Adding Longs to my position.
lol do the opposite of some guy on CNBC
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #24,971
  • Jul 25, 2011 9:07am Jul 25, 2011 9:07am
Quoting KillerWhale
Yeah right, you're talking 10 years from now?
Nah not 10 years, 2012
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #24,972
  • Jul 25, 2011 9:07am Jul 25, 2011 9:07am
78.00 will fall sooner than we expect
  • #24,973
  • Jul 25, 2011 9:11am Jul 25, 2011 9:11am
wouldnt rule out support @75.91 area. since its a longer term support area probably 75.90 - 74.80 range
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #24,974
  • Jul 25, 2011 9:18am Jul 25, 2011 9:18am
3 pipps below 77.87 we can see a long waterfall .
  • #24,975
  • Jul 25, 2011 9:23am Jul 25, 2011 9:23am
Quoting tankokjian
3 pipps below 77.87 we can see a long waterfall .

below 77.87 I can see a angry face of Yoshihiko Noda :-)


...and maybe a real intervention...
  • #24,976
  • Jul 25, 2011 11:47am Jul 25, 2011 11:47am
78.05 held up right to the PIP, if you like P.P.'s.

Anticipating a nice reaction to the upside when debt ceiling deal is reached.

Wednesday at the latest.
  • #24,977
  • Jul 25, 2011 12:08pm Jul 25, 2011 12:08pm
Quoting Astroman
78.05 held up right to the PIP, if you like P.P.'s.

Anticipating a nice reaction to the upside when debt ceiling deal is reached.

Wednesday at the latest.
Wednesday at earliest,if all of them reach agreement,so dont jump the train to early.
  • #24,978
  • Jul 25, 2011 12:17pm Jul 25, 2011 12:17pm
I am already on.

78.05 is my WS1 level. I have learned to trust the P.P's with this Pair.

Nonetheless an interesting ride it should be.

Overall I am down still, but confident that my target will be reached.
  • #24,979
  • Jul 25, 2011 7:28pm Jul 25, 2011 7:28pm
Broken record Noda again today : Japanese yen moves one sided:



short shorty short short short
  • #24,980
  • Jul 25, 2011 9:14pm Jul 25, 2011 9:14pm
holy crap, Yen dropped like a rock for 5 mins on rumors of intervention!! Please intervene BOJ, easy money on the horizon if they do
Trade what you see, not what you think!
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