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USD/JPY Discussion

  • #31,961
  • Nov 15, 2012 4:39am Nov 15, 2012 4:39am
Quoting shekimoto
this definitely wasn't a BOJ intervention..
what a statement..??
gonnwall
  • #31,962
  • Nov 15, 2012 10:34am Nov 15, 2012 10:34am
Still in my long from 78.10, opening up another lot and buying on a retest of 80:60-50 level.

FINALLY above 80:50 tho, jeez, that took forever!
  • #31,963
  • Nov 15, 2012 9:13pm Nov 15, 2012 9:13pm
what the hell just happened?
  • #31,964
  • Nov 15, 2012 9:22pm Nov 15, 2012 9:22pm
Fat finger?
  • #31,965
  • Nov 15, 2012 9:22pm Nov 15, 2012 9:22pm
Quoting trendpal
what the hell just happened?
retest of the breakout area. We moved too far too fast...

Olu
If you think you can or cannot do it you are correct
  • #31,966
  • Nov 15, 2012 9:31pm Nov 15, 2012 9:31pm
Down down, i cross my fingers
  • #31,967
  • Nov 15, 2012 9:44pm Nov 15, 2012 9:44pm
Short to 80.235.

Nope. Already dead. This thing is moving like crazy. Prolly best to stay out for now.
  • #31,968
  • Nov 15, 2012 10:26pm Nov 15, 2012 10:26pm
Just a funny observation: when a new government is built, the stock market crashes like hell (see US, China); when an old government is dissolving, the stock market rises like crazy (see Japan). Next time, the government/BOJ can't do anything about a strong yen, they should just dissolve the government, which is quite an usual business in Japan anyway.
  • #31,969
  • Nov 17, 2012 1:16pm Nov 17, 2012 1:16pm
sentiment is up but I suspect upthrust may have ended.I am short biased.
Like to hear your views
In trading, you have to be defensive and aggressive at the same time
  • #31,970
  • Nov 17, 2012 1:27pm Nov 17, 2012 1:27pm
Quoting Davit
sentiment is up but I suspect upthrust may have ended.I am short biased.
Like to hear your views
I will take any decent pullback to go long.

Fail to break 81.50 could mean consolidation with downside bias.
  • #31,971
  • Nov 18, 2012 7:47am Nov 18, 2012 7:47am
Sell to 80.306 and watch for a long consolidation period before going long again.
  • #31,972
  • Nov 18, 2012 7:49am Nov 18, 2012 7:49am
Quoting Orly
Short to 80.235.

Nope. Already dead. This thing is moving like crazy. Prolly best to stay out for now.
Daily Charts indicate for an Uprise.. 83 is the target level..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #31,973
  • Nov 18, 2012 7:53am Nov 18, 2012 7:53am
Quoting aviz12
Daily Charts indicate for an Uprise.. 83 is the target level..
I agree but think we are due a pullback before a break of 80.50
  • #31,974
  • Nov 18, 2012 8:00am Nov 18, 2012 8:00am
Quoting brinks
I agree but think we are due a pullback before a break of 80.50
I doubt that, cause on Friday, just before the closing of the market,
You might have seen there was a pull back on USDJPY, some news were circulating, as well technical correction.
If we see the Daily Bar closing, it was high than the previous.

However, thats how market run i think slight bullish, you think little pull back.
In the end, we both need to be careful with money management, some trades give loss, some profit..

I am currently long from 81.00 and 81.11 - Lets see how it goes
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #31,975
  • Nov 18, 2012 8:04am Nov 18, 2012 8:04am
Quoting aviz12
I doubt that, cause on Friday, just before the closing of the market,
You might have seen there was a pull back on USDJPY, some news were circulating, as well technical correction.
If we see the Daily Bar closing, it was high than the previous.

However, thats how market run i think slight bullish, you think little pull back.
In the end, we both need to be careful with money management, some trades give loss, some profit..

I am currently long from 81.00 and 81.11 - Lets see how it goes
I'am bullish with you so good luck
  • #31,976
  • Nov 18, 2012 2:27pm Nov 18, 2012 2:27pm
From Scotiabank analysis:

" (...) the recent rally in USDJPY has occurred despite support from a key driver, the spread between US-JN 2 year gov’t bonds (see bottom chart on p1). As such, further gains in USDJPY may be a challenge in the absence of support from yield spreads".
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  • #31,977
  • Nov 18, 2012 9:41pm Nov 18, 2012 9:41pm
FXstreet.com (Barcelona) - “Despite the efforts of Japanese policy-makers to create negative market psychology with respect to the yen,” says Senior FX Strategist at Rabobank Jane Foley, “it remains a favoured safe haven currency,” the analyst notes, expanding: “Given the sudden increase in Middle Eastern tensions this week, ongoing concerns surrounding the fiscal cliff in the US and the possibility of more QE from the Fed, weak economic data in the Eurozone and the potential for a return of tensions surrounding either Greece or Spain we would expect the yen to be trading at firmer levels in the USD/JPY79.00 region by the end of this year,” Mr Foley adds.
  • #31,978
  • Nov 18, 2012 9:43pm Nov 18, 2012 9:43pm
Quoting pabloski
FXstreet.com (Barcelona) - “Despite the efforts of Japanese policy-makers to create negative market psychology with respect to the yen,” says Senior FX Strategist at Rabobank Jane Foley, “it remains a favoured safe haven currency,” the analyst notes, expanding: “Given the sudden increase in Middle Eastern tensions this week, ongoing concerns surrounding the fiscal cliff in the US and the possibility of more QE from the Fed, weak economic data in the Eurozone and the potential for a return of tensions surrounding either Greece or Spain we...
He is correct, but first it needs to go upside at 83 levels..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #31,979
  • Nov 18, 2012 10:25pm Nov 18, 2012 10:25pm
Quoting aviz12
He is correct, but first it needs to go upside at 83 levels..
Not really, where the pair is right now is a strong resistance zone. 83 would be the next level, but I don´t see signs of breaking the actual zone.
  • #31,980
  • Nov 18, 2012 11:37pm Nov 18, 2012 11:37pm
This is going to be a pullback before a move higher in my opinion
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