USD/JPY Discussion | Page 1278 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #25,541
  • Aug 5, 2011 12:03am Aug 5, 2011 12:03am
Stock markets crash...will it affect this pair ?
  • #25,542
  • Aug 5, 2011 12:21am Aug 5, 2011 12:21am
fx intervention by individual countries like japan alone will not work
  • #25,543
  • Aug 5, 2011 12:24am Aug 5, 2011 12:24am
Quoting Demon Bane
Stock markets crash...will it affect this pair ?
normally one would argue strong drops in Nikkei-225 (-360 or 3,7% atm) would invite further intervention.
On the other hand not only Japan but the world is shivering (look for example at oil prices)
Dangerous times for traders atm.....
Don't be a hero. Don't have an ego. Always question yourself
  • #25,544
  • Aug 5, 2011 12:28am Aug 5, 2011 12:28am
Quoting ultra_knight
fx intervention by individual countries like japan alone will not work
I think USD/JPY has quickly run out of steam, time to concentrate on other currency pairs, like GBP/CHF for example.
  • #25,545
  • Aug 5, 2011 12:31am Aug 5, 2011 12:31am
Quoting ultra_knight
fx intervention by individual countries like japan alone will not work
Japan stated that they agreed to joint intervention. Did those other countries leave them hanging??

http://www.blogcdn.com/www.asylum.co...anging-348.jpg
  • #25,546
  • Aug 5, 2011 12:33am Aug 5, 2011 12:33am
Quoting Mr Breakout
I think USD/JPY has quickly run out of steam, time to concentrate on other currency pairs, like GBP/CHF for example.
Yep.

Co-ordinated intervention is required for UJ to go up.

Alone will not work... it will be back to square one in few days.
  • #25,547
  • Aug 5, 2011 12:35am Aug 5, 2011 12:35am
Quoting 2+2=4ex
Japan stated that they agreed to joint intervention.
with who?
  • #25,548
  • Aug 5, 2011 12:54am Aug 5, 2011 12:54am
Quoting fosking
with who?
I don't believe they disclosed names, however, it was right after the earthquake that they announced they would intervene with assistance from G7 nations. It was supposed to be multiple joint interventions, but it looks as if Japan was left holding the bag alone.

http://www.bloomberg.com/news/2011-0...-recovery.html
  • #25,549
  • Aug 5, 2011 12:56am Aug 5, 2011 12:56am
Quoting 2+2=4ex
I don't believe they disclosed names, however, it was right after the earthquake that they announced they would intervene with assistance from G7 nations.

http://www.bloomberg.com/news/2011-0...-recovery.html

I remember that

somehow... and ive been wrong before....

i dont think anyone cares about japans problems other than themselves.... other countries got problems of their own
  • #25,550
  • Aug 5, 2011 1:05am Aug 5, 2011 1:05am
Quoting 2+2=4ex
I don't believe they disclosed names, however, it was right after the earthquake that they announced they would intervene with assistance from G7 nations. It was supposed to be multiple joint interventions, but it looks as if Japan was left holding the bag alone.

http://www.bloomberg.com/news/2011-0...-recovery.html
The intervention in March was just a boost for Japan after the earthquake. Other countries gave them a helping hand to weaken the Yen to pre-quake levels.
This time they are acting alone and no other country will want to waste their money too.
  • #25,551
  • Aug 5, 2011 2:25am Aug 5, 2011 2:25am
Quoting USD-Bear
normally one would argue strong drops in Nikkei-225 (-360 or 3,7% atm) would invite further intervention.
On the other hand not only Japan but the world is shivering (look for example at oil prices)
Dangerous times for traders atm.....
what is the target ?and when will we get there ?

rewards .
Attached Image
A chart helps those who can read it.
  • #25,552
  • Aug 5, 2011 2:36am Aug 5, 2011 2:36am
Quoting geniusztc
what is the target ?and when will we get there ?

rewards .
In the year 2000...

http://images.buddytv.com/articles/InTheYear2000.jpg
  • #25,553
  • Aug 5, 2011 5:39am Aug 5, 2011 5:39am
Not too bad.

Private sector jobs almost doubled.

Nice revision from last months numbers as well as well.

Increase in Hourly Earnings is nice.

Still. I'll take 117 k but it still below the number we need just to keep even with new people entering the workforce. Can it be looked upon as a loss overall?

Nonetheless, I am Long.
  • #25,554
  • Aug 5, 2011 5:59am Aug 5, 2011 5:59am
Personally I am waiting 77.xx for go long
  • #25,555
  • Aug 5, 2011 6:19am Aug 5, 2011 6:19am
Quoting TrendTraders
Personally I am waiting 77.xx for go long
I would not be surprised to see it get down there.

So why did I go Long now?

Because it might not and I plan on holding on to this for awhile, and in the long term I like the price and started my entry small. If it goes up I will add to my position.

No S.L or target in place at the time. Will take a closer look over the weekend.

No hurry.
  • #25,556
  • Aug 5, 2011 6:24am Aug 5, 2011 6:24am
Quoting Astroman
I would not be surprised to see it get down there.

So why did I go Long now?

Because it might not and I plan on holding on to this for awhile, and in the long term I like the price and started my entry small. If it goes up I will add to my position.

No S.L or target in place at the time. Will take a closer look over the weekend.

No hurry.
Sure Bro
  • #25,557
  • Aug 5, 2011 6:50am Aug 5, 2011 6:50am
Quoting geniusztc
what is the target ?and when will we get there ?

rewards .
something around 101, when not at all clear to me it needs US-recovery which could take a while....
In the meantime i've learned though that scalping this pair in quiet times could at least be as rewarding then waiting for the big move
Don't be a hero. Don't have an ego. Always question yourself
  • #25,558
  • Aug 5, 2011 7:04am Aug 5, 2011 7:04am
Quoting USD-Bear
In the meantime i've learned though that scalping this pair in quiet times could at least be as rewarding then waiting for the big move
I love you Bear.



For the most part this Pair is on the "quiet" side. It is my favorite Pair to trade. Some do not care for it for what they percieve as lack of movement, but it moves. Usualy in very predictable levels. In my opinion when this Pair trends P.P.'s are invaluable.

I agree with you.

Quote
scalping this pair in quiet times could at least be as rewarding then waiting for the big move
Paying over 1.20 a PIP is nice too. and at small margin levels and low commissions.

Good wishes.
  • #25,559
  • Aug 5, 2011 7:25am Aug 5, 2011 7:25am
Some bullish divergence showing in the 15m, it might have found support on the weekly pivot for next leg up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-08-05 at 10.22.45 AM.png Size: 143 KB
  • #25,560
  • Aug 5, 2011 10:44am Aug 5, 2011 10:44am
If BOJ intervenes again on Sunday, at lot of stops are going to be flushed instantly, so watch out for those over-the-weekend Yen positions...
21 traders viewing now