USD/JPY Discussion | Page 1586 | 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

  • #31,701
  • Oct 11, 2012 1:18am Oct 11, 2012 1:18am
Forgot chart
Attached Image (click to enlarge)
Click to Enlarge Name: stooq.pl.png Size: 16 KB
  • #31,702
  • Oct 11, 2012 1:25am Oct 11, 2012 1:25am
Japan FinMin: Told IMF’s Lagarde that current yen rise not reflecting Japan’s economic fundamentals

Written by Gerry Davies
October 11, 2012 at 06:18 GMT


I wonder if she yawned?

  1. Expressed concern to Lagarde about yen rise causing downside risk to Japan economy
  2. Lagarde said yen was moderately overvalued (that ain’t alot of use, could have been more supportive than that!!)
  3. Agreed with S.Korean FinMin to cooperate closely in economic financial issues

The japanese getting the middle finger again Lagarde thinks the yen is only moderately overvalued.

  • #31,703
  • Oct 11, 2012 5:53am Oct 11, 2012 5:53am
Anyone know the cause of the sudden movement up?
  • #31,704
  • Oct 11, 2012 6:28am Oct 11, 2012 6:28am
Quoting 4rextrader
Anyone know the cause of the sudden movement up?
Why don't you go over to forexlive.com and find out
  • #31,705
  • Oct 11, 2012 6:53am Oct 11, 2012 6:53am
Softbank: Sprint acquisition reports based on speculation

Written by Gerry Davies
October 11, 2012 at 11:46 GMT

Not something company announced.

If the little upmove was based on this then it isnt going to last
  • #31,706
  • Oct 11, 2012 7:15am Oct 11, 2012 7:15am
Quoting brinks
Softbank: Sprint acquisition reports based on speculation

Written by Gerry Davies
October 11, 2012 at 11:46 GMT

Not something company announced.

If the little upmove was based on this then it isnt going to last


I was thinking more along the lines of a possible intervention.
this is from forexlive.com


http://www.forexlive.com/blog/2012/1...on-the-docket/
  • #31,707
  • Oct 11, 2012 7:17am Oct 11, 2012 7:17am
Quoting 4rextrader
I was thinking more along the lines of a possible intervention.
this is from forexlive.com


http://www.forexlive.com/blog/2012/1...on-the-docket/
Yes thats more like it i just read that myself.
He is stating the obvious though isnt he i thought the only time they had intervened with usa consent was just after the tsunami
  • #31,708
  • Oct 11, 2012 7:23am Oct 11, 2012 7:23am
Quoting brinks
Yes thats more like it i just read that myself.
He is stating the obvious though isnt he i thought the only time they had the intervened with usa consent was just after the tsunami
Ya...so Ima wait and see what happens with USD data first and then decide what course of actions I'm gonna take. I was hoping they wouldn't even condiser intervening until it reached low 75.6-low 76s....interventions aren't working, so its just annoying now
  • #31,709
  • Oct 11, 2012 7:43am Oct 11, 2012 7:43am
Quoting 4rextrader
Ya...so Ima wait and see what happens with USD data first and then decide what course of actions I'm gonna take. I was hoping they wouldn't even condiser intervening until it reached low 75.6-low 76s....interventions aren't working, so its just annoying now
A few things helping at the moment but it still needs to break the trendline its coming up against again
  • #31,710
  • Oct 11, 2012 7:54am Oct 11, 2012 7:54am
Quoting brinks
A few things helping at the moment but it still needs to break the trendline its coming up against again
Not yet the time to intervene.
  • #31,711
  • Oct 11, 2012 7:58am Oct 11, 2012 7:58am
www.forexfactory.com/news.php?do=news&id=389108 that was the fuel for the spike up, with good data from US and a bit of this:

http://www.forexfactory.com/news.php?do=news&id=389107

Anyway i am happy after buying G/J at 124.78, but based on yen index
  • #31,712
  • Oct 11, 2012 11:59am Oct 11, 2012 11:59am
Is this going to be consolidation before a further move up or is it just going to be sold off?

Anyone got any ideas?
  • #31,713
  • Oct 11, 2012 12:42pm Oct 11, 2012 12:42pm
Quoting brinks
Is this going to be consolidation before a further move up or is it just going to be sold off?

Anyone got any ideas?
As always with U/J nothing certain: The big green candle broke the mystical major trend line but onother went back at 4h. The 61.8 fibo ret level have been defended, but we are still in no mans land on 4h, so not much to say about the U/J

Closed all longs of G/J at 126.00, that was a nice suprice.
  • #31,714
  • Oct 11, 2012 12:43pm Oct 11, 2012 12:43pm
Ofcourse forgot to add chart, sorry, whole day at studies:
Attached Image (click to enlarge)
Click to Enlarge Name: vc.JPG Size: 126 KB
  • #31,715
  • Oct 11, 2012 1:15pm Oct 11, 2012 1:15pm
Quoting Haqu
Ofcourse forgot to add chart, sorry, whole day at studies:
Thanks haqu good trade on GJ I closed most of my positions will reload at better levels.
  • #31,716
  • Oct 11, 2012 1:23pm Oct 11, 2012 1:23pm
Quoting brinks
Thanks haqu good trade on GJ I closed most of my positions will reload at better levels.
Hi Brinks!

As i remember when you closed all your eur/chf long positions, next days the pair exploided. So, may be we will see some big spike soon

Last year on 31 of October was a big intervention. I think we will see some spikes but i dont know when:

- before Oct 31
- Oct 31
- before the election on November or December
  • #31,717
  • Oct 11, 2012 1:32pm Oct 11, 2012 1:32pm
Quoting Simon73
Hi Brinks!

As i remember when you closed all your eur/chf long positions, next days the pair exploided. So, may be we will see some big spike soon

Last year on 31 of October was a big intervention. I think we will see some spikes but i dont know when:

- before Oct 31
- Oct 31
- before the election on November or December
Hahaha yes that's right but I managed to make a bit out that swissie in the end!

I caught the last intervention this time last year I would prefer a nice long term trend reversal than a quick spike up.
  • #31,718
  • Oct 12, 2012 3:03am Oct 12, 2012 3:03am
Im not much of one for Technical Analysis but ive attached a pic here of a trend Ive been keeping an eye on. It is a daily chart and trend starts around April.
What are your thoughts on this descending triangle?
Seems nearly everytime 78 level is hit however that theres some strong buying going on.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 58 KB
  • #31,719
  • Oct 15, 2012 3:21am Oct 15, 2012 3:21am
Quoting Zac
Im not much of one for Technical Analysis but ive attached a pic here of a trend Ive been keeping an eye on. It is a daily chart and trend starts around April.
What are your thoughts on this descending triangle?
Seems nearly everytime 78 level is hit however that theres some strong buying going on.
Yep watching this trendline closly for long time, and now on 4h timeframe it have been broken, would be good if it was confirmed by daily closure above it! And ideal if 78.80 level would be taken along the way!
  • #31,720
  • Oct 15, 2012 3:54am Oct 15, 2012 3:54am
Quoting Haqu
Yep watching this trendline closly for long time, and now on 4h timeframe it have been broken, would be good if it was confirmed by daily closure above it! And ideal if 78.80 level would be taken along the way!
Broken to the upside?
Thats not the way a descending triangle works though is it. It'd be expected downside??
Although fundamentally im expecting upside movement.
243 traders viewing now