USD/JPY Discussion | Page 1575 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #31,481
  • Edited 8:32am Sep 24, 2012 5:15am | Edited 8:32am
Azumi out as finance minister in Japanese cabinet shuffle
Written by Adam Button
September 24, 2012 at 13:29 GMT
Japanese fin min Azumi will be ‘promoted’ to deputy secretary general, which is the #2 position, according to the WSJ.
Noda was re-elected as leader of the DPJ overnight.
I expect him to be replaced with someone who will take a more aggressive role to weaken the yen.
USD/JPY last at 78.01. Sell stops below 79.95. More bids at 77.50/70.
  • #31,482
  • Sep 24, 2012 7:57am Sep 24, 2012 7:57am
Europe is still dragging the sentiment down... I have changed my target to 76.70, intraday, as we will probably see flight to safety.
  • #31,483
  • Sep 24, 2012 9:22am Sep 24, 2012 9:22am
add more longs at 77.85
  • #31,484
  • Sep 25, 2012 1:50am Sep 25, 2012 1:50am
Maybe the market sees it as a good time to attack the dollar yen as no replacement for azumi has been offered yet
  • #31,485
  • Sep 25, 2012 1:52am Sep 25, 2012 1:52am
slowly down we go..lol
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #31,486
  • Sep 25, 2012 1:57am Sep 25, 2012 1:57am
Quoting eqshack
slowly down we go..lol
there is nothing that the japanese can do to stop the slow move lower.

End of month end of Quarter isnt that when the MOF like to intervene for there exporters?
  • #31,487
  • Sep 25, 2012 3:18am Sep 25, 2012 3:18am
Quoting brinks
Maybe the market sees it as a good time to attack the dollar yen as no replacement for azumi has been offered yet
http://www.forexfactory.com/news.php?do=news&id=385706 ofcourse Azumi predicted that and done an intervention... verbal

Now the next important support is at 77.60-77.50 levels and also there probability of intervention will be higher. Still waiting and watching the situation closly
  • #31,488
  • Sep 25, 2012 3:20am Sep 25, 2012 3:20am
Quoting Haqu
http://www.forexfactory.com/news.php?do=news&id=385706 ofcourse Azumi predicted that and done an intervention... verbal

Now the next important support is at 77.60-77.50 levels and also there probability of intervention will be higher. Still waiting and watching the situation closly
Hahaha unlike azumi he isnt watching closely anymore he doesnt care.

He has managed to get rid of the worst job in the world
  • #31,489
  • Sep 25, 2012 4:53am Sep 25, 2012 4:53am
Gidday

Waiting game for all off us going long,
Well could go short
Did that once an lost $300
No kidding,it moved so fast
The platform just froze as I was clicking the panic button so many times.

Still would be nice if they dropped one off those massive spikes

My account needs to be topped up
  • #31,490
  • Sep 25, 2012 9:31am Sep 25, 2012 9:31am
- U/J M5:
Attached Image (click to enlarge)
Click to Enlarge Name: UJ M5.png Size: 17 KB
  • #31,491
  • Sep 25, 2012 10:36am Sep 25, 2012 10:36am
There is a very strange resistance @77.91-2... if we don't breach that line today, IMHO we will plunge ~130 pips from that point.
  • #31,492
  • Edited 4:26pm Sep 25, 2012 1:16pm | Edited 4:26pm
Quoting Trader221
There is a very strange resistance @77.91-2... if we don't breach that line today, IMHO we will plunge ~130 pips from that point.
- This is the source of your strange resistance:

- I respect the mechanism in your opinion, in order for us to go up, we must go down. But how can we convince those members here with this concept?, may be we let Mr. Market take care of their accounts first ,then they could learn.

- For me shorting U/J from 84.00 mark to all the way down here was the easiest trades I've took this year.

- Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1.png Size: 23 KB
  • #31,493
  • Sep 25, 2012 2:46pm Sep 25, 2012 2:46pm
Lol

Thanks for clearing that up... I was simply puzzled about why on earth it was bouncing off an invisible wall.
  • #31,494
  • Sep 25, 2012 2:47pm Sep 25, 2012 2:47pm
Quoting Trader221
Lol

Thanks for clearing that up... I was simply puzzled about why on earth it was bouncing off an invisible wall.
- You are welcome anytime.

- GL.
  • #31,495
  • Sep 26, 2012 1:01am Sep 26, 2012 1:01am
A break of 77.65 will open up low 77's
  • #31,496
  • Sep 26, 2012 1:09am Sep 26, 2012 1:09am
Quoting heraclitus
add more longs at 77.85
k so ur not using an sl so what percentage if risk are you running? Where does margin run out for u?
  • #31,497
  • Sep 26, 2012 1:16am Sep 26, 2012 1:16am
Gidday Traders

My longs will be under water help meeeeeee

Suck it up

Yesterday they had 19 longs to every short

over 45 trillion parked up

who pays the roll over on that one

If this hits 80 cents,i can retire
  • #31,498
  • Sep 26, 2012 1:29am Sep 26, 2012 1:29am
Hope it helps. today the support is @77.60. If broken the next one is at 76.76. GL
Attached Image (click to enlarge)
Click to Enlarge Name: ujd.gif Size: 26 KB
Don't be smart. Be rich.
  • #31,499
  • Sep 26, 2012 2:01am Sep 26, 2012 2:01am
Does anyone think the japanese will allow this to make new lows below 75.50?

personally i dont see what they can do to weaken this thing with the FED going for QE3.
  • #31,500
  • Sep 26, 2012 2:46am Sep 26, 2012 2:46am
Quoting brinks
Does anyone think the japanese will allow this to make new lows below 75.50?

personally i dont see what they can do to weaken this thing with the FED going for QE3.
with uncertainty over EZ, and rush for buying JPY,why should BOJ make it cheaper, there is still room for JPY to gain.
17 traders viewing now