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USD/JPY Discussion

  • #30,281
  • Feb 17, 2012 7:46am Feb 17, 2012 7:46am
Quoting mohan76
anyone expecting reverse intervention today ?
Nope. Why would this happen?
  • #30,282
  • Feb 17, 2012 7:47am Feb 17, 2012 7:47am
Quoting ultra_knight
200ema of 77.8 was crossed as if it is not a resistance...

yen will lose all strength if it defaults
Yeah I posted about this a few pages back. The 200 will be a good place to long if there is a pullback.
  • #30,283
  • Feb 17, 2012 7:53am Feb 17, 2012 7:53am
Quoting mohan76
anyone expecting reverse intervention today ?

What the hell is one of those ?
Do you trade forex just a question my friend...

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #30,284
  • Feb 17, 2012 7:56am Feb 17, 2012 7:56am
Quoting BlackWid0w
What the hell is one of those ?
Do you trade forex just a question my friend...

Regards
BW

sell off after intervention it was happen after last two intervention , we are approaching last sell off point (last time 70 pip drop @ intervention speed)
Mohan
  • #30,285
  • Feb 17, 2012 8:01am Feb 17, 2012 8:01am
Quoting mohan76
sell off after intervention it was happen after last two intervention , we are approaching last sell off point (last time first 50 pip drop fast than intervention )
This isn't really an 'intervention'. This move took days, the last two large moves happened in one day. If in fact someone is shorting yen to devalue it, let them. I hope they take out stops on all the shorts and send this pair to the moon.
  • #30,286
  • Feb 17, 2012 8:03am Feb 17, 2012 8:03am
Shorted 79.30 - would like to see atleast 60-80pips drop/maybe more...Might not happen but atleast i tried stoploss 79.70
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Click to Enlarge Name: USDJPY_10080.png Size: 12 KB
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #30,287
  • Feb 17, 2012 8:06am Feb 17, 2012 8:06am
Quoting jack.canadia
This isn't really an 'intervention'. This move took days, the last two large moves happened in one day. If in fact someone is shorting yen to devalue it, let them. I hope they take out stops on all the shorts and send this pair to the moon.
i expecting sellers (long yen) come back @ 79.50 or 80 London closing might be interesting, some profit taking might start cross all yen pair
Mohan
  • #30,288
  • Feb 17, 2012 9:50am Feb 17, 2012 9:50am
Quoting jack.canadia
This isn't really an 'intervention'. This move took days, the last two large moves happened in one day. If in fact someone is shorting yen to devalue it, let them. I hope they take out stops on all the shorts and send this pair to the moon.
This is more like Japanese selling the YEN to buy into carry trade, taking positions ahead of mkt developments, better watch the US 10Y note for assurance, those who bought at the bottom are not giving up soon, I think that next week is going to tell more about the present rally in UJ.
I insist, this is not huhuhuhu. If the US keeps the good numbers then Japanese YEN traders will not wait for rates to go up in the US to enter the carry trade.
  • #30,289
  • Feb 17, 2012 11:51am Feb 17, 2012 11:51am
I expect a litlle retracement towards 79 on Monday. It has been an impressive rally.
  • #30,290
  • Feb 17, 2012 12:06pm Feb 17, 2012 12:06pm
USD/JPY

What is the lowest price (sell/buy) of the 1 min candle on 10/31/2011 at 01:44 GMT [ 10/30/2011 at 21:44 ET ] ?

Please state your broker as well

Help me, it's very important!
  • #30,291
  • Feb 17, 2012 12:37pm Feb 17, 2012 12:37pm
Quoting titanmelvin
USD/JPY

What is the lowest price (sell/buy) of the 1 min candle on 10/31/2011 at 01:44 GMT [ 10/30/2011 at 21:44 ET ] ?

Please state your broker as well

Help me, it's very important!
sorry.. can't do.. 1 minutes Charts in about 3 months ago?? is out of my tick history..
  • #30,292
  • Feb 17, 2012 1:03pm Feb 17, 2012 1:03pm
if you mean maybe this spike, it draws on m15 as well.. and other timeframes..
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  • #30,293
  • Feb 17, 2012 6:42pm Feb 17, 2012 6:42pm
Quoting titanmelvin
USD/JPY

What is the lowest price (sell/buy) of the 1 min candle on 10/31/2011 at 01:44 GMT [ 10/30/2011 at 21:44 ET ] ?

Please state your broker as well

Help me, it's very important!
Well, it's actually fairly important for the purpose of drawing trend lines & channels.

To answer your question, (and I'm not sure what you mean by the 1 minute thing ... a price is a price is a price) the low price printed on the Reuters service that morning was 75.35. It happened about an hour or two before retail trade platforms opened on the Monday/Sunday depending where you are in the world. Accordingly, few (if any) retail brokers will show this price. BOJ intervened about 3 hours later.

http://www.forexlive.com/blog/2011/1...arrier-levels/
  • #30,294
  • Feb 17, 2012 7:48pm Feb 17, 2012 7:48pm
Quoting titanmelvin
USD/JPY

What is the lowest price (sell/buy) of the 1 min candle on 10/31/2011 at 01:44 GMT [ 10/30/2011 at 21:44 ET ] ?

Please state your broker as well

Help me, it's very important!
Thanks for the reply guys.. The reason it's so important to me is because I opened a short position and set a Limit after that ..

Looking at my broker's chart the price was not reached .... but looking on another the price was reached ... it's a huge sum of money so I really need to know what was the lowest price on 10/31/2011 at 01:44 GMT [ 10/30/2011 at 21:44 ET ] !
  • #30,295
  • Feb 17, 2012 9:31pm Feb 17, 2012 9:31pm
Quoting titanmelvin
Thanks for the reply guys.. The reason it's so important to me is because I opened a short position and set a Limit after that ..

Looking at my broker's chart the price was not reached .... but looking on another the price was reached ... it's a huge sum of money so I really need to know what was the lowest price on 10/31/2011 at 01:44 GMT [ 10/30/2011 at 21:44 ET ] !

Please be aware that, just because 77.35 was the most recent low price does not in any way mean that it will remain as the all time low. I still envisage a much lower low (probably a VERY dramatic spike down) before USDJPY finally turns. To just assume that it will return to that temporary low price and bounce straight off could get you into a little strife. I'll explain by way of chart later.
  • #30,296
  • Feb 17, 2012 9:59pm Feb 17, 2012 9:59pm
Quoting Mpt
Please be aware that, just because 77.35 was the most recent low price does not in any way mean that it will remain as the all time low. I still envisage a much lower low (probably a VERY dramatic spike down) before USDJPY finally turns. To just assume that it will return to that temporary low price and bounce straight off could get you into a little strife. I'll explain by way of chart later.
Whats this based on?
ie Technicals/Fundamentals?

From a Fundamental perspective I cant see that it will reach a new low now due to an active effort now to boost inflation and also the Nikkei is on its way up.
Having said that It still may drop substantially but I just dont see a new low forming at this time.
  • #30,297
  • Feb 17, 2012 10:17pm Feb 17, 2012 10:17pm
Quoting Zac
Whats this based on?
ie Technicals/Fundamentals?

From a Fundamental perspective I cant see that it will reach a new low now due to an active effort now to boost inflation and also the Nikkei is on its way up.
Having said that It still may drop substantially but I just dont see a new low forming at this time.
Chart patterns, wave patterns, technical analysis and, I guess, fundamentals that we don't yet know about. I will try to explain by charts tomorrow. In essence, what I will show is that, whilst everyone is getting bullish right now, I am of the opinion that the Yen pairs will have one last drop before we see a rise.
  • #30,298
  • Feb 17, 2012 10:30pm Feb 17, 2012 10:30pm
Quoting Mpt
I am of the opinion that the Yen pairs will have one last drop before we see a rise.
Ah cool.
I agree there will be another drop. Ive nothing to base it on other than the bullish run seems to be sparked through market sentiment and people wanting to cash in on the run.
So I imagine there will be people leaving the trade &/or shorting it which will make it head south.
  • #30,299
  • Feb 18, 2012 3:10am Feb 18, 2012 3:10am
USD/JPY has a very bullish week last week. Now our concern is whether this is a sign of bullish reversal signal. Even if USD/JPY gone through a bullish week, USD/JPY yet to break 79.52 strong resistance level. Then, even if USD/JPY is able to break 79.52 next week, it still got another resistance level 81.46, then another strong resistance zone (83.96-85.51).


So, I will consider bullish reversal if USD/JPY breaks 83.96-85.51 or forms a strong bullish reversal pattern.


http://lcchong.files.wordpress.com/2...g?w=1028&h=466
  • #30,300
  • Edited 9:29am Feb 18, 2012 9:15am | Edited 9:29am
Quoting HermanGoring
Common sense says that BOJ Will let USDJPY fall to 70 or lower ant then they will step in and take the pair 2-3000 pips higher within days.
3000 pip in a day or two almost impossible [ i'm-possible ] unless pegged like SNB , which is very hard for japan as japans economy is very big and USA not going to like that ,
Mohan
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