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USD/JPY Discussion

  • #27,601
  • Sep 24, 2011 7:36am Sep 24, 2011 7:36am
Quoting USD-Bear
quote:
He said as long as deflation continues, upward pressure on the yen will be sustained.
unquote

unbelievable those guys, do they get payed for saying such nonsense?
United they stand. Tough talk, close monitoring and willing to take appropriate action whilst at the same time giving the impression that Japanese authorities don't know what to do, when or how. Confident that this kind of behaviour will scare market participants , hence the drop in afterhours to 76.21

Credibility ? lol
  • #27,602
  • Sep 24, 2011 8:25am Sep 24, 2011 8:25am
afterhours average price in my system is 76.569, and lot higher than what your system shows??
  • #27,603
  • Sep 24, 2011 9:03am Sep 24, 2011 9:03am
Quoting freiburg
afterhours average price in my system is 76.569, and lot higher than what your system shows??
not my system just a provider, direction often matters, levels are all bullshit
Don't be a hero. Don't have an ego. Always question yourself
  • #27,604
  • Sep 24, 2011 12:36pm Sep 24, 2011 12:36pm
Quoting freiburg
that is what i meant by system...my provider (oanda). I could sell some usdjpy right now for 76.519, low due to the wider spread on weekends; avg price 76.569. Strange to see such differences between providers, is that normal. Is someone making money off this difference?
my provider (fxcm) closed, didnt know within oanda trades are possible during the weekend, mostly they indicate without enabling trades. Price I mentioned are interbank spot rates now around 76.33
Don't be a hero. Don't have an ego. Always question yourself
  • #27,605
  • Sep 25, 2011 3:43am Sep 25, 2011 3:43am
This is getting pathetic. Does the US ask for permission or help to print money, did the Snb ask for approval ? This ain't kindergarten !


G-20 shows no interest in high yen

Kyodo
WASHINGTON — Finance Minister Jun Azumi says he raised concerns about the negative impact of the yen's appreciation on Japan's economy at this week's Group of 20 financial meeting, but other participants didn't discuss the issue at length.
"I explained that the Japanese economy has been on a recovery track but the yen's appreciation since August has dampened the trend," Azumi told a news conference Thursday after the G-20 meeting in Washington of finance chiefs from developed and emerging economies.
Azumi implied Japan's position was shared among G-20 members as the communique issued after the dinner talks said: "We reiterate that excessive volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability."
Bank of Japan Gov. Masaaki Shirakawa also raised the issue at the G-20 gathering, telling participants that investors' preference for safe-haven assets amid growing uncertainty over the global economy is driving the yen higher.
But Azumi conceded Tokyo's concerns did not spark any discussions and said, "In the conference, we just explained our position country by country and no question-and-answer session followed."
  • #27,606
  • Sep 25, 2011 3:52am Sep 25, 2011 3:52am
Before I though the Yen High because of the Weak USD But...
If there was easy money lying around,no one would be forcing it into your
  • #27,607
  • Sep 25, 2011 3:52am Sep 25, 2011 3:52am
Weekly UJ chart, Falling Wedge with positive Divergence on RSI.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 82 KB
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #27,608
  • Sep 25, 2011 3:57am Sep 25, 2011 3:57am
Quoting NYWallSt
Weekly UJ chart, Falling Wedge with positive Divergence on RSI.
The Monthly Targeting 74.xx and This is Big - Long Term Falling Wedge which may bring UJ going 100 I Think
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Monthly.png Size: 39 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,609
  • Sep 25, 2011 6:55am Sep 25, 2011 6:55am
Quoting FXMindset
The Monthly Targeting 74.xx and This is Big - Long Term Falling Wedge which may bring UJ going 100 I Think
Quoting NYWallSt
Weekly UJ chart, Falling Wedge with positive Divergence on RSI.
i am also reviewing the yen pairs. interestingly to note most pairs. wonder how would one trade it next week?
http://www.forexfactory.com/showthre...46#post4984746

what MA you used in your chart, fxmind?
  • #27,610
  • Sep 25, 2011 7:29am Sep 25, 2011 7:29am
Quoting FXMindset
The Monthly Targeting 74.xx and This is Big - Long Term Falling Wedge which may bring UJ going 100 I Think
I agree buddy.
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #27,611
  • Sep 25, 2011 4:26pm Sep 25, 2011 4:26pm
Quoting NYWallSt
I agree buddy.
good evening all,

I'm not sure, looks like up move of last friday is a fake nothing to do with BOJ, but on the other hand it's little hard for me to imagine that the 76 resistance is purely created by traders.
Within "normal" pairs one would argue beating a resistance level so many times guarantees a fierce full downwards break, but UJ is all but normal.
Looking @ worldwide developments it's a crazy time where everything but the USD is sold and I can't imagine any environment where search to a safe-haven can be larger then now. Despite that it holds above 76 while USD becomes stronger and stronger.
It's really anybodies guess but for me it's scalping long around 76 until it is broken.
Don't be a hero. Don't have an ego. Always question yourself
  • #27,612
  • Sep 25, 2011 6:08pm Sep 25, 2011 6:08pm
something is up.
  • #27,613
  • Sep 25, 2011 6:38pm Sep 25, 2011 6:38pm
I would buy this pair at 76.05/10 with first target TP at 76.85, second target would be 77.05/10 and third 76.25/30
In General, yen pairs are looking to be heading to uptrend basis especially with friday daily candles bullish closes and today's continuation to the upward.
  • #27,614
  • Sep 25, 2011 6:50pm Sep 25, 2011 6:50pm
We will be seeing 65-66 within the coming weeks/month
  • #27,615
  • Sep 25, 2011 11:39pm Sep 25, 2011 11:39pm
Quoting PipPipPip
We will be seeing 65-66 within the coming weeks/month
Sure? I'm speechless till you said "Will" even you mentioned the number of level and coming period..
If there was easy money lying around,no one would be forcing it into your
  • #27,616
  • Sep 25, 2011 11:41pm Sep 25, 2011 11:41pm
Quoting MoneMaker
I would buy this pair at 76.05/10 with first target TP at 76.85, second target would be 77.05/10 and third 76.25/30
In General, yen pairs are looking to be heading to uptrend basis especially with friday daily candles bullish closes and today's continuation to the upward.
Is It You TheMoneyMaker?

Welcome Back Yo

Daily Attached
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 36 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,617
  • Sep 26, 2011 12:45am Sep 26, 2011 12:45am
UJ such a fun pair...
where is Noda?
Patience, Emotion Control and Discipline.
  • #27,618
  • Sep 26, 2011 2:26am Sep 26, 2011 2:26am
Quoting johncen
UJ such a fun pair...
where is Noda?
Probably preparing his next speech .... closely monitoring jpy, take bold action when necessary ... blablabla

They tried to get support at the g7 few weeks ago and tried it again at g20 this weekend, without result. When will they realize that they are the ones holding the strings ?

Markets are taking Boj and Mof for a walk in the park. Imo, rightfully so.
  • #27,619
  • Sep 26, 2011 2:42am Sep 26, 2011 2:42am
Looking Inside The Bar Chart
Resistance @ 76.97 Support @ 76.11
Friday Bar chart close higher than Thursday But In Monday We open Lower,We May know the direction up or down depending which side breaks first between 76.97 - 76.11
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Bar Chart.png Size: 34 KB
If there was easy money lying around,no one would be forcing it into your
  • #27,620
  • Sep 26, 2011 6:54am Sep 26, 2011 6:54am
I m not looking JPY can bear this range any more!
the time of brake very near!
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.GIF Size: 17 KB
Trade what you see, Not what you think.
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