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USD/JPY Discussion

  • #28,741
  • Oct 30, 2011 10:52am Oct 30, 2011 10:52am
Quoting FXMindset
Recover? How many Pips?
20 pips atleast...
  • #28,742
  • Oct 30, 2011 11:05am Oct 30, 2011 11:05am
Quoting Forexgain
20 pips atleast...
Hope this is help
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: UJ Daily - EW.png Size: 41 KB
Click to Enlarge Name: UJ Monthly BarQuakes.png Size: 40 KB
Click to Enlarge Name: UJ Monthly.png Size: 41 KB
Click to Enlarge Name: UJ Monthly - EW.png Size: 39 KB
Click to Enlarge Name: USDX Daily - EW.png Size: 45 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,743
  • Oct 30, 2011 11:16am Oct 30, 2011 11:16am
A bit of activity in U/J ... not looking good so far for longs.
  • #28,744
  • Oct 30, 2011 11:25am Oct 30, 2011 11:25am
in day or two 74 gonna be tested.
  • #28,745
  • Oct 30, 2011 12:03pm Oct 30, 2011 12:03pm
Quoting pinkiaiii
in day or two 74 gonna be tested.


lol i guess so.rgiht now it is 75.55
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #28,746
  • Oct 30, 2011 12:21pm Oct 30, 2011 12:21pm
I have to call BOJ and ask for intervention today
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,747
  • Oct 30, 2011 12:24pm Oct 30, 2011 12:24pm
Quoting KillerWhale
I have to call BOJ and ask for intervention today

hah no shyyt.
Today low is 75.3350 :I damnn..and i have long position running
right now its 65 i hope its going up before my broker open
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #28,748
  • Oct 30, 2011 12:30pm Oct 30, 2011 12:30pm
Quoting eqshack
hah no shyyt.
Today low is 75.3350 :I damnn..and i have long position running
right now its 65 i hope its going up before my broker open
I have 4 positions long now, 2 from Friday. Average 75.50. Nice position to finish it of with intervention. I have target @ 78.00. Let's just get it over with so I can quit trading YEN
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,749
  • Oct 30, 2011 12:41pm Oct 30, 2011 12:41pm
75.62 in premarket ! But, beware of mr Azumi who swore that he would take bold action as soon as excessive moves occur. Question remains:

what's excessive ? 77.50 - 76.50 - 75.50 - 71.50 - 65.50 ? I have the impression that he lowers his point of action every week. LOL

Fact of the matter is that they are desperate and haven't got the faintest on how to depreciate the Jpy. Markets sense that and will move this pair down, for sure ! Unless .... Boj steps in ;-)

Word of advise for mr Azumi; go and try to get G20 support in Cannes Nov3-4. Good luck !!!! lol
  • #28,750
  • Oct 30, 2011 12:42pm Oct 30, 2011 12:42pm
Quoting KillerWhale
I have 4 positions long now, 2 from Friday. Average 75.50. Nice position to finish it of with intervention. I have target @ 78.00. Let's just get it over with so I can quit trading YEN
my SL is set on 75.58 and 75.48 ...This will be my last try if it goes to my SL

Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #28,751
  • Oct 30, 2011 1:30pm Oct 30, 2011 1:30pm
1/3 of initial short position is still going strong, thinking about adding.
Question is where, at 76.00 or will it not even get there anymore before I leave ?

Going to sleep over this 'problem' and decide tomorrow at London open at the latest as I will be in Rome from Monday evening till Friday morning.
  • #28,752
  • Oct 30, 2011 1:39pm Oct 30, 2011 1:39pm
Quoting KillerWhale
I have 4 positions long now, 2 from Friday. Average 75.50. Nice position to finish it of with intervention. I have target @ 78.00. Let's just get it over with so I can quit trading YEN
maybe its your target,but it would be extemely stupid for them to do intervention and not raise dollar to at least 85,other interesting thing if compared to the usd/chf and jpy/usd pairs before they took serious intervention,it looks like jpy could even spike to 65-69 lvl,if there wont be intervention in the 74-72 zone
  • #28,753
  • Oct 30, 2011 1:48pm Oct 30, 2011 1:48pm
Quoting pinkiaiii
maybe its your target,but it would be extemely stupid for them to do intervention and not raise dollar to at least 85,other interesting thing if compared to the usd/chf and jpy/usd pairs before they took serious intervention,it looks like jpy could even spike to 65-69 lvl,if there wont be intervention in the 74-72 zone
Raising it to 85 is simply impossible because of the vast amount involved in such an operation. The USD/JPY is one of the top 3 traded pairs !

Pegging is out of the question.
  • #28,754
  • Oct 30, 2011 1:55pm Oct 30, 2011 1:55pm
Noda's en Azumi's approach is working counter productive. Shouting, complaining and especially threathening to take bold action for weeks/months and do NOTHING is not exactly the smartest strategy out there. The first threath could scare markets and even the second one could make them shiver ... the 9th one however ......

I, for one, am not surprised to see the Yen keep on strenghtening. Simple psychology ;-)
  • #28,755
  • Oct 30, 2011 1:56pm Oct 30, 2011 1:56pm
well chf managed to raise it from low 70 to 85,but if speaking which country has more resources to do that then i dont know really ,only i said 85 that from technical side the downtrend would be somewhat broken.
  • #28,756
  • Edited 4:56pm Oct 30, 2011 4:44pm | Edited 4:56pm
USD/JPY - is hitting record low of 75.311 on EBS this morning as traders triggered sell-stops and pushed pair down in thin NZ trading to instigate Japan MOF response.
  • #28,757
  • Oct 30, 2011 6:06pm Oct 30, 2011 6:06pm
I don't expect BOJ & MOF taking any action to weaken the Yen. The only way they will intervene is that there is a sudden break of support & USD/JPY reaches 70-71. Even at 70 the big speculators will do the job for them. I see USD/JPY dropping to 70 or 71 in a matter of minutes then the big boys will take profit & reverse the price to 74-75. The traders who are long USD/JPY will lose their account when this sudden surge to 70-71 happens. These retail traders will start going short at 70-71 level but the big boys will reverse the trades back to 74-75 & most of the retail traders will lose their account again then & then only the final direction will be determined by BOJ & MOF. They are in fact part of this big scheme
  • #28,758
  • Oct 30, 2011 6:10pm Oct 30, 2011 6:10pm
Quoting cher
USD/JPY - is hitting record low of 75.311 on EBS this morning as traders triggered sell-stops and pushed pair down in thin NZ trading to instigate Japan MOF response.
What time do you have for that low?
Thanks
  • #28,759
  • Oct 30, 2011 6:24pm Oct 30, 2011 6:24pm
Don't they look Clueless







http://t0.gstatic.com/images?q=tbn:A...th_I1OgOEGVQoA
  • #28,760
  • Oct 30, 2011 6:27pm Oct 30, 2011 6:27pm



He is also seems clueless
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