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USD/JPY Discussion

  • #31,901
  • Nov 6, 2012 1:25am Nov 6, 2012 1:25am
Having a look at the daily chart, Engulfing Bear? or do you think the 80 level will hold?
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  • #31,902
  • Nov 6, 2012 2:12am Nov 6, 2012 2:12am
Quoting Zac
Having a look at the daily chart, Engulfing Bear? or do you think the 80 level will hold?
yes and weekly trend line , hope hold it , i set my stop 10 pips under 79.95 .
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  • #31,903
  • Nov 6, 2012 6:15am Nov 6, 2012 6:15am
It looks like it will hold. Watch for a bounce off the zero line higher on the M30 CCI (14), which will extend the UJ's recovery from all-time lows.
Upside target is the Fibo-level at 82.135.

Why am I wrong?
  • #31,904
  • Nov 6, 2012 8:49pm Nov 6, 2012 8:49pm
Why is it dropping?
  • #31,905
  • Nov 6, 2012 8:57pm Nov 6, 2012 8:57pm
Quoting Schminner
Why is it dropping?
US elections
  • #31,906
  • Nov 6, 2012 11:42pm Nov 6, 2012 11:42pm
Obama win.

Dollar negative?
Dollar yen holding onto 80 just.
  • #31,907
  • Nov 7, 2012 3:29am Nov 7, 2012 3:29am
Obama power is raising U/J ....
  • #31,908
  • Nov 7, 2012 8:38pm Nov 7, 2012 8:38pm
Anybody trading this pair

US/JPY seems very strong,

any ideas on this
  • #31,909
  • Nov 7, 2012 9:26pm Nov 7, 2012 9:26pm
Quoting eliteincome
Anybody trading this pair

US/JPY seems very strong,

any ideas on this
Yes. It seems very wrong. The USD should be surging by now but it is not. I am already in a long position but the pair keeps dropping and I cannot explain why except to say that the USDJPY pair is still a risk currency pair, even though the events of the past week have nullified that.
I can only suppose that it will take time for the markets to catch up with the reality and we are just too far ahead of the curve.
  • #31,910
  • Nov 8, 2012 2:19am Nov 8, 2012 2:19am
Quoting Orly
Yes. It seems very wrong. The USD should be surging by now but it is not. I am already in a long position but the pair keeps dropping and I cannot explain why except to say that the USDJPY pair is still a risk currency pair, even though the events of the past week have nullified that.
I can only suppose that it will take time for the markets to catch up with the reality and we are just too far ahead of the curve.
The reason for the drop is quite simple, we bounce of major bearish trend line and U/J is probably gathering strenght to come at it again.
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  • #31,911
  • Nov 8, 2012 2:31am Nov 8, 2012 2:31am
Quoting Haqu
The reason for the drop is quite simple, we bounce of major bearish trend line and U/J is probably gathering strenght to come at it again.
Well, that may be what happened but it doesn't explain it fundamentally. Fundamentally, the USD should be gaining strength across the board but not against the yen. In the Asian session tonight, the pair absolutely just hovered there, doing nothing. Why?
Acting very strange.
  • #31,912
  • Nov 8, 2012 2:57am Nov 8, 2012 2:57am
Quoting Orly
Well, that may be what happened but it doesn't explain it fundamentally. Fundamentally, the USD should be gaining strength across the board but not against the yen. In the Asian session tonight, the pair absolutely just hovered there, doing nothing. Why?
Acting very strange.
I really don't like fundamental analysis, escpecialy when it comes to yen pairs. From fundamental view, we should be far abovie 100 at U/J, but still we are having trouble at 80.00. Yen is still a safe heaven currency, any distrubance which increase risk awerness is the reason why Yen is gaining, and U/J is droping, like yesterday info from EZ. Even though it strenghtend dollar it also strenghtend the yen even more and begun a drop. I strongly recommend looking at yen index, look at yesterday, connect it with bad data from germany and Draghi speach, and here you go, reason for U/J going down

http://stooq.com/q/?s=jpy_i&c=5m&t=c&a=lg&b=1
  • #31,913
  • Edited 5:51am Nov 8, 2012 5:40am | Edited 5:51am
- For all frustrated U/J bulls, if we close below 61.8 fibo fan ray, forget about a rally for now.

- Cheers.
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  • #31,914
  • Edited 6:46pm Nov 8, 2012 6:21pm | Edited 6:46pm
Went short at 79.84

http://i46.tinypic.com/x5sf92.png

Current T/P is around previous 4hr low 79.32.

Edit: Trailed a stop, out ~+35 pips
It 'aint easy, bein' cheesy
  • #31,915
  • Nov 9, 2012 7:15pm Nov 9, 2012 7:15pm
Will USDJPY remain bearish?
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  • #31,916
  • Nov 10, 2012 1:13pm Nov 10, 2012 1:13pm
Quoting vsa4life
Will USDJPY remain bearish?
I believe it is a signal for buy with tp 50 pips (Daily chart).
  • #31,917
  • Nov 11, 2012 8:08am Nov 11, 2012 8:08am
Pinbar with the fake breakout of the ema200 and the TL, I think it could be a bullish signal.

It's also true that it closed below the support and the end of cycle is still far some candle..

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  • #31,918
  • Nov 11, 2012 10:20am Nov 11, 2012 10:20am
Quoting mikijk3
Pinbar with the fake breakout of the ema200 and the TL, I think it could be a bullish signal.

It's also true that it closed below the support and the end of cycle is still far some candle..

Attachment
hi.
tomorow (Monday) usd have bank holiday.
Is this event cut the strength of usd and usd/jpy will be bearish?
sorry for my bad english
  • #31,919
  • Nov 11, 2012 11:02am Nov 11, 2012 11:02am
Quoting vasvikpro
hi.
tomorow (Monday) usd have bank holiday.
Is this event cut the strength of usd and usd/jpy will be bearish?
sorry for my bad english
There is a lot of japanese data out tonight which is all expected to be bad.
As for uj being bearish i think the fiscal cliff will have a big impact on the pair.
  • #31,920
  • Nov 11, 2012 9:13pm Nov 11, 2012 9:13pm
Japan's economy has come to a screaming halt and its GDP is worse than when the Tsunami struck.

Still no major reaction for selling of JPY..

Now I wouldnt rush to be buying eur or usd against it.

Perhaps we could see some AUD/JPY purchases?
Above 83.00 and we might see a small run - short termers could put stops below 82.35
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