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USD/JPY Discussion

  • #26,061
  • Aug 18, 2011 5:50am Aug 18, 2011 5:50am
Quoting MaryJane
Quote of the day:
Haha I saw that too.
And of course the inevitable
Quote
Japanese finance minister Noda says continue to watch market carefully, take decisive action when necessary

Reminds me of this guy!
http://kimjongillookingatthings.tumblr.com/
  • #26,062
  • Aug 18, 2011 6:07am Aug 18, 2011 6:07am
Despite the market's risk sentiment worsening, the $USDJPY has managed to stay within its recent trading range above 76.40. Note that investors are now cautious of interventions. However if the pair doesnt show significant advance over the next 2 days, market may lose confidence in the intervention pledges and rate could drop to a record minimum of 76.22
  • #26,063
  • Aug 18, 2011 7:52am Aug 18, 2011 7:52am
The BoJ should buy this all the way up to 80 and then put an infinite buy order at 80.
  • #26,064
  • Aug 18, 2011 12:03pm Aug 18, 2011 12:03pm
time is running out for CHF and yEN and they are using delaying scares to ward off attacks. if G20 doesnt come , YEN will fall. if u remember Lord of the rings part 2 . if the ent army (G20) doesnt come .... http://images.wikia.com/lotr/images/c/c3/Ent_army.png
  • #26,065
  • Aug 18, 2011 2:30pm Aug 18, 2011 2:30pm
Trying a 1 days long @ 76.54

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0286.jpg Size: 109 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #26,066
  • Aug 18, 2011 3:49pm Aug 18, 2011 3:49pm
nice touch of the daily pivot support and .618 fib retracement of recent high/low.

would like to follow this one down to 75.00
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyshort.png Size: 51 KB
  • #26,067
  • Aug 18, 2011 4:56pm Aug 18, 2011 4:56pm
i think end of Downtrend
  • #26,068
  • Aug 18, 2011 6:18pm Aug 18, 2011 6:18pm
Quoting sdcasper
nice touch of the daily pivot support and .618 fib retracement of recent high/low.

would like to follow this one down to 75.00
without opposites no trades
Going to sleep now, volumes are indicating some larger moves could be due....
Hope You don't mind I'm not wishing You luck
Don't be a hero. Don't have an ego. Always question yourself
  • #26,069
  • Aug 18, 2011 6:55pm Aug 18, 2011 6:55pm
Quoting USD-Bear
Trying a 1 days long @ 76.54

Attachment
http://online.wsj.com/article/SB1000...043047056.html
A chart helps those who can read it.
  • #26,070
  • Aug 18, 2011 7:18pm Aug 18, 2011 7:18pm
What just happened? Huge spike upwards to bounce off 77
  • #26,071
  • Aug 18, 2011 7:22pm Aug 18, 2011 7:22pm
Quoting Joey Zazza
What just happened? Huge spike upwards to bounce off 77
Saw that. It freaked me out, I had a sell limit at 110.15 on the Eur/Jpy and fumbled like mad to close order bc I thought the BOJ was getting involved. Phew.
  • #26,072
  • Aug 18, 2011 8:25pm Aug 18, 2011 8:25pm
Rumours of intervention. Japanese Bear killer alert!
  • #26,073
  • Aug 18, 2011 9:11pm Aug 18, 2011 9:11pm
Rumours are everywhere, wait to see it better than see to wait.
  • #26,074
  • Aug 18, 2011 9:12pm Aug 18, 2011 9:12pm
Quoting MarcPeanut
Rumours of intervention. Japanese Bear killer alert!
May be a technique to keep the bears under control, I think the BOJ likes this range bound price as long as it doesn't sink lower they are happy just voicing their concern LOL...I'm out of all of my USDJPY positions and now long on EURJPY although in and out I"m trying to keep one long just in case of intervention, I will probably go long again on USDJPY if it sinks below 76, then hold (all small positions so I can ride out the DD)...
Never been vouched
  • #26,075
  • Aug 18, 2011 9:29pm Aug 18, 2011 9:29pm
currently jpy can only hold on to short term measures until a real monetary policy is out for them and us. this current effort is intensify , if the next soros wants to break 76 , it be too late for BOJ.
  • #26,076
  • Aug 18, 2011 9:57pm Aug 18, 2011 9:57pm
think circumstances were slightly diff when Soros broke the Bank of England.. GBP was overvalued and BOE wanted to keep it high.. whereas JPY is overvalued but BOJ wants to bring it down..correct me if im wrong..

shorting USDJPY now is like buying something that is overvalued.. it's sorta against common sense to buy something expensive..

then again charts are everything.. only mkt forces will tell us where we are in 12 months..
  • #26,077
  • Aug 18, 2011 11:12pm Aug 18, 2011 11:12pm
helms deep will be breached. lets see how long can this long spike last. 2nd time we seen this .

http://4.bp.blogspot.com/-j8uzceVMG1...Helms_Deep.jpg
  • #26,078
  • Aug 19, 2011 12:58am Aug 19, 2011 12:58am
before that we should go down to 75.90 and then big spike up
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #26,079
  • Aug 19, 2011 1:17am Aug 19, 2011 1:17am
Seems JPY unchanged no reaction up or down? Too soon?

$USDJPY: A 6.8 magnitude earthquake has hit Japan's northeast. A tsunami warning has been issued for the region.
Never been vouched
  • #26,080
  • Aug 19, 2011 1:19am Aug 19, 2011 1:19am
Quoting iono
Seems JPY unchanged no reaction up or down? Too soon?

$USDJPY: A 6.8 magnitude earthquake has hit Japan's northeast. A tsunami warning has been issued for the region.

Well..moving will start if tsunami hits some city or whatever
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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