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USD/JPY Discussion

  • #27,501
  • Edited 7:27pm Sep 21, 2011 4:31pm | Edited 7:27pm
Yes sir, Mr Bear, thanks for the heads up. Sure would be nice to have a little somethen, somethen down here when she brakes..

Regards!

Quoting USD-Bear
As I said strange pair this UJ, takes time to get accustomed with it but hell, a plus is a plus
  • #27,502
  • Sep 21, 2011 4:32pm Sep 21, 2011 4:32pm
I guess it just wanted to say hello to it's new DPP

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Don't be a hero. Don't have an ego. Always question yourself
  • #27,503
  • Sep 21, 2011 7:29pm Sep 21, 2011 7:29pm
Try it again...3/3 @BE TP....77.00 77.10 and open..
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  • #27,504
  • Sep 21, 2011 10:04pm Sep 21, 2011 10:04pm
Going to take a long on AUD/JPY @ 76.77

TP = 77.18

SL = 76.70
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  • #27,505
  • Sep 21, 2011 10:12pm Sep 21, 2011 10:12pm
Good luck sir! Should get help when AU buyers awaken soon...

Quoting 2+2=4ex
Going to take a long on AUD/JPY @ 76.77

TP = 77.18

SL = 76.70
  • #27,506
  • Sep 21, 2011 10:13pm Sep 21, 2011 10:13pm
Quoting Chillypiper
Good luck sir! Should get help when AU buyers awaken soon...
Thank you.
  • #27,507
  • Sep 21, 2011 11:10pm Sep 21, 2011 11:10pm
gm,

no interventions so far but looks promising.
Up move mainly due to USDX recovery which is still on the move as far as I can see.
Both USD and YEN in demand by safe haven arguments (tempering UJ) but improving economic expectations might lower safe haven demand giving more room for UJ recovery.
As EJ is still in danger zone (<104) inviting BOJ actions I'll let my UJ longs open but adjusted stops to 76.30 to obtain required peace of mind

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Don't be a hero. Don't have an ego. Always question yourself
  • #27,508
  • Sep 21, 2011 11:31pm Sep 21, 2011 11:31pm
Just a few obstacles
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  • #27,509
  • Sep 21, 2011 11:40pm Sep 21, 2011 11:40pm
Be nice with a bounce at the 76.7 here. Missed tp1 by 6 pips on the spike, but locked in some pips already...
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  • #27,510
  • Sep 21, 2011 11:40pm Sep 21, 2011 11:40pm
Quoting Chillypiper
Just a few obstacles
great thanks, clearly shows how much of USD-recovery has gone into Yen safe haven demand, without it UJ would be above 80 now....
Don't be a hero. Don't have an ego. Always question yourself
  • #27,511
  • Sep 21, 2011 11:45pm Sep 21, 2011 11:45pm
True true. The Weekly is ridicules. UTL in my pic..It could happen. Maybe..

Quoting USD-Bear
great thanks, clearly shows how much of USD-recovery has gone into Yen safe haven demand, without it UJ would be above 80 now....
  • #27,512
  • Sep 22, 2011 12:09am Sep 22, 2011 12:09am
Quoting 2+2=4ex
Going to take a long on AUD/JPY @ 76.77

TP = 77.18

SL = 76.70
Adding 2 more lots at 76.81. Same TP & SL.
  • #27,513
  • Sep 22, 2011 12:17am Sep 22, 2011 12:17am
Quoting 2+2=4ex
Adding 2 more lots at 76.81. Same TP & SL.
good luck, looks pretty promising
Don't be a hero. Don't have an ego. Always question yourself
  • #27,514
  • Sep 22, 2011 12:57am Sep 22, 2011 12:57am
Quoting 2+2=4ex
Adding 2 more lots at 76.81. Same TP & SL.
Currently at 76.99, hoping it wiggles down some to get one more lot in at 76.92.
  • #27,515
  • Sep 22, 2011 1:14am Sep 22, 2011 1:14am
Quoting 2+2=4ex
Currently at 76.99, hoping it wiggles down some to get one more lot in at 76.92.
Well, good news is I got one more in at 76.92, bad news is price is down to 76.80. Haha.
  • #27,516
  • Sep 22, 2011 1:33am Sep 22, 2011 1:33am
what a turd
  • #27,517
  • Sep 22, 2011 2:02am Sep 22, 2011 2:02am
This pair is truly toxic... will not touch it until we arrive at 72.42-73.42 (if - of course)
There are just too many stops to the downside - this, imo is preventing this pair from making any real progress (upside).
Until the mentioned stops are cleared... I can't see U/J going up near term.

Look at the lesson of U/CHF...

Stops must be cleared.

To add: Stops under 75.00 appear to be coming under pressure.
  • #27,518
  • Sep 22, 2011 2:12am Sep 22, 2011 2:12am
Buying small lots UJ...

testing ... ;-)
The market will deceive you. Make your own judgement.
  • #27,519
  • Sep 22, 2011 2:27am Sep 22, 2011 2:27am
Quoting Warwick
This pair is truly toxic... will not touch it until we arrive at 72.42-73.42 (if - of course)
There are just too many stops to the downside - this, imo is preventing this pair from making any real progress (upside).
Until the mentioned stops are cleared... I can't see U/J going up near term.

Look at the lesson of U/CHF...

Stops must be cleared.

To add: Stops under 75.00 appear to be coming under pressure.
I concur.
  • #27,520
  • Sep 22, 2011 2:33am Sep 22, 2011 2:33am
Quoting Warwick
There are just too many stops to the downside - this, imo is preventing this pair from making any real progress (upside).
Until the mentioned stops are cleared... I can't see U/J going up near term.
Imo, stops have nothing to do with the lack of upside. The Jpy will keep on appreciating due to lack of bold action by Bof. All they do is express their concerns and stating that they are monitoring forex action very closely. At the moment the Usd/Jpy is not about economic numbers ... it's all about credibility. Markets have no fear of Bof, hence the new lows versus many pairs today. Confident that Usd will follow if nothing is being done.

With FED's move yesterday and European debt problems far from solved people will keep on moving to the one and only big safe haven left: the Jpy !

The Chf is out of the picture, the Snb is playing the game magnificently. The Chf is even above the projected 1.20 level without intervention. The move can be contributed solely to the fact that markets know for sure that the Snb is not something to mess around with. These guys don't talk around the bush ... they act ! Credibility at its best.
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