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USD/JPY Discussion

  • #25,121
  • Jul 31, 2011 7:52pm Jul 31, 2011 7:52pm
Deal apparently struck. Thank god for that.
  • #25,122
  • Jul 31, 2011 7:54pm Jul 31, 2011 7:54pm
  • #25,123
  • Jul 31, 2011 8:13pm Jul 31, 2011 8:13pm
Well, here comes the brief relief rallye!!!

Wonder how long its going to keep the stuff afloat...
this pig cannot be slaughtered for ever... or can it?
  • #25,124
  • Jul 31, 2011 10:42pm Jul 31, 2011 10:42pm
anyone know why the dollar is still relatively low now that there is a deal struck in Washington?
  • #25,125
  • Jul 31, 2011 11:17pm Jul 31, 2011 11:17pm
Quoting werido
anyone know why the dollar is still relatively low now that there is a deal struck in Washington?
The deal doesn't change the fact that the US economy sucks. It nearly stalled in the first half of this year and doesn't show any signs of picking up.
Don't get mad, get even!
  • #25,126
  • Jul 31, 2011 11:18pm Jul 31, 2011 11:18pm
Quoting werido
anyone know why the dollar is still relatively low now that there is a deal struck in Washington?
Basically the USD is very weak....even with good news,
the USDJPY just spike up alittle then retrace back down...
overall USDJPY is still weak....more downside expected....
  • #25,127
  • Aug 1, 2011 1:11am Aug 1, 2011 1:11am
Carry trade about to unwind if this is true, sharp moves expected
  • #25,128
  • Aug 1, 2011 2:16am Aug 1, 2011 2:16am
Quoting ultra_knight
Carry trade about to unwind
I'm lost.
What carry trade?
  • #25,129
  • Aug 1, 2011 2:18am Aug 1, 2011 2:18am
Quoting Demon Bane
Basically the USD is very weak....even with good news,
the USDJPY just spike up alittle then retrace back down...
overall USDJPY is still weak....more downside expected....
Yep. Which is exactly why I said the BoJ will not want to be active until they have a reasonable chance of success. Selling Yen here when there is a ton of unrelated, (but massively affective), stuff going on elsewhere would be nothing more than a punt. And the Japanese know this.

There is a nice long in the offing, but not yet I think.
  • #25,130
  • Aug 1, 2011 2:19am Aug 1, 2011 2:19am
Quoting fosking
I'm lost.
What carry trade?
lol. I was thinking that.
  • #25,131
  • Aug 1, 2011 3:07am Aug 1, 2011 3:07am
what is holding the pair down? compromise for debt has been reached and the vote on monday is just customary.. USD is pretty much out of the woods now..

there is not much downside, 76.50 is a very strong support (unless there is another powerful quake). immeidate upside is 80.. then 85?
  • #25,132
  • Aug 1, 2011 3:22am Aug 1, 2011 3:22am
Quoting MarcPeanut
what is holding the pair down?
there is not much downside
I don't think the US digging itself even further into a hole is helping. Whatever the outcome from the weekend, short term it will hurt the USD further.

The price can go just as far down as it can up. We are coming down to big support with massive stops below!
  • #25,133
  • Aug 1, 2011 3:25am Aug 1, 2011 3:25am
The price can go just as far down as it can up. We are coming down to big support with massive stops below![/quote]


unimaginable if it breaches march lows..
  • #25,134
  • Aug 1, 2011 5:01am Aug 1, 2011 5:01am
Quoting MarcPeanut
The price can go just as far down as it can up. We are coming down to big support with massive stops below!

unimaginable if it breaches march lows..[/quote]

What will happen will happen...I'm staying out until
there's some kind of a direction....now its just
ranging...
  • #25,135
  • Aug 1, 2011 5:23am Aug 1, 2011 5:23am
Quoting ukdaytrader
Yep. Which is exactly why I said the BoJ will not want to be active until they have a reasonable chance of success. Selling Yen here when there is a ton of unrelated, (but massively affective), stuff going on elsewhere would be nothing more than a punt. And the Japanese know this.

There is a nice long in the offing, but not yet I think.
Agree
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  • #25,136
  • Aug 1, 2011 5:23am Aug 1, 2011 5:23am
Quoting ukdaytrader
lol. I was thinking that.
Me too!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #25,137
  • Aug 1, 2011 6:01am Aug 1, 2011 6:01am
ook so usdchf has already closed the gap like its customary..but jpy still 40 odd pips off..i think we will have a reaction here at the daily low (77,2 was an important level last week too), stops just below
  • #25,138
  • Aug 1, 2011 6:02am Aug 1, 2011 6:02am
Quoting Demon Bane
now its just
ranging...
Ranging?
We are clearly in a down trend, even on an hourly time frame.
There is only one trade ATM and that is selling at resistance levels. Solid high probability trades!
  • #25,139
  • Aug 1, 2011 6:09am Aug 1, 2011 6:09am
Quoting Demon Bane
Basically the USD is very weak....even with good news,
the USDJPY just spike up alittle then retrace back down...
overall USDJPY is still weak....more downside expected....
Its not just UJ... but also EJ also went up...

76.60 is good bottom which held ... UJ has good bottom now, infact a double bottom...

Bottom forming is a process.... i am bullish on UJ now
  • #25,140
  • Aug 1, 2011 6:11am Aug 1, 2011 6:11am
Uj closing the gap first, then ................................
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