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USD/JPY Discussion

  • #25,041
  • Jul 28, 2011 5:17pm Jul 28, 2011 5:17pm
Quoting pinkiaiii
anyone longing this pair now is gambling their luck,whats 20-150 pips compared to the upside possibilities.
but weeks ago, everyone called me crazy saying uj will hit 77..
lol.
  • #25,042
  • Jul 28, 2011 6:56pm Jul 28, 2011 6:56pm
Is it just me or is the usdjpy a great buy now....I mean if the USA pulls through, then it goes up...if not then there will be BOJ intervention.
  • #25,043
  • Jul 28, 2011 6:57pm Jul 28, 2011 6:57pm
there might be triple bottom at play here too.
  • #25,044
  • Jul 28, 2011 6:58pm Jul 28, 2011 6:58pm
How much lower can it go....
  • #25,045
  • Jul 28, 2011 7:14pm Jul 28, 2011 7:14pm
Quoting werido
How much lower can it go....
very bad data from JPY
exports will have to save
  • #25,046
  • Jul 28, 2011 7:22pm Jul 28, 2011 7:22pm
i am sure some money bags will go for the all time lows, just watching these days http://www.picshare.at/img/131189885...rinken-077.gif
  • #25,047
  • Jul 28, 2011 7:53pm Jul 28, 2011 7:53pm
Noda Says Yen’s Market Moves Are Diverging From Fundamentals. That statmenet just guaranteed another 50 pip drop
  • #25,048
  • Jul 28, 2011 7:58pm Jul 28, 2011 7:58pm
Quoting Wulfgar
Noda Says Yen’s Market Moves Are Diverging From Fundamentals. That statmenet just guaranteed another 50 pip drop
this saying reminds me,saying about BenBernanke in USA everytime he speaks usd dollar losses value
  • #25,049
  • Jul 28, 2011 8:21pm Jul 28, 2011 8:21pm
Quoting werido
How much lower can it go....
new target: 72
  • #25,050
  • Jul 28, 2011 8:37pm Jul 28, 2011 8:37pm
Mr. PIP:

Why 72, why not 71.87
  • #25,051
  • Jul 28, 2011 8:41pm Jul 28, 2011 8:41pm
How is USDJPY gonna make a U-turn north? Intervention...no choice...
a coordinated push the pair above 90.00 level? I would think
that the pair could dive first before it rises....the bottom is
unknown...
  • #25,052
  • Jul 28, 2011 9:00pm Jul 28, 2011 9:00pm
Quoting Demon Bane
How is USDJPY gonna make a U-turn north? Intervention...no choice...
a coordinated push the pair above 90.00 level? I would think
that the pair could dive first before it rises....the bottom is
unknown...
it can't go too far down because the USD is still the most traded, most liquid market that underlies many other countries interests. The volume size of USD can't really go anywhere else, JPY included. So it can't go too low. Also, the businesses in Japan, especially Toyota and Honda can't survive JPY price hikes that are outlandish.
  • #25,053
  • Jul 28, 2011 9:10pm Jul 28, 2011 9:10pm
Quoting werido
it can't go too far down because the USD is still the most traded, most liquid market that underlies many other countries interests. The volume size of USD can't really go anywhere else, JPY included. So it can't go too low. Also, the businesses in Japan, especially Toyota and Honda can't survive JPY price hikes that are outlandish.
The last time when people said 80.00 won't break,
it was broken...now people expect 76.00 to hold...
I dunno, but the way I look at it, 75.00 and below
is likely...especially when the sentiment is bearish...
  • #25,054
  • Jul 28, 2011 9:20pm Jul 28, 2011 9:20pm
well they don't call it the "widow maker" for naught.
  • #25,055
  • Jul 28, 2011 9:46pm Jul 28, 2011 9:46pm
Quoting werido
well they don't call it the "widow maker" for naught.
Precisely....I am hoping to go long @ 76.00 and
building up longer term positions targeting 80.00...
There may be alot of SL below 76.00....but I'll
take the risks...
  • #25,056
  • Jul 28, 2011 11:08pm Jul 28, 2011 11:08pm
Maybe another spike will be happening,thats means another 600 pips lower if breaking 76.48,
  • #25,057
  • Jul 29, 2011 12:26am Jul 29, 2011 12:26am
Quoting TrendTraders
Maybe another spike will be happening,thats means another 600 pips lower if breaking 76.48,
So you are looking @ 70.00 ? I'm quite certain 76.00 will not
break...BOJ won't allow it....
  • #25,058
  • Jul 29, 2011 2:55am Jul 29, 2011 2:55am
Picture Attached
Yeap,Sure BOJ Wont allowed it,Nobody wont allowed it.Fundamentally thats not good for economy.But some super rich trader like looking quick money
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 23 KB
  • #25,059
  • Jul 29, 2011 8:56am Jul 29, 2011 8:56am
Quoting pinkiaiii
anyone longing this pair now is gambling their luck,whats 20-150 pips compared to the upside possibilities.
ok,seems this pair is bottomless had to wash away over 300$ today to save my account.
  • #25,060
  • Jul 29, 2011 9:20am Jul 29, 2011 9:20am
profit taking level 77.35(edited) small retrace then 77.50-.60 , point of contact. todays pa doesnt correlate well with the forcast. market will move back to its poc. todays was based on traders instinct.

http://i1187.photobucket.com/albums/...yip1/lll-1.gif
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