USD/JPY Discussion

next r is upper 87

Slope of the trend goes out the window when the pair is clearly being manipulated. Just look at the charts PA has been very uniform, it's been straight moves up followed by consolidations. Until we get a move down & consolidation below the previous consolidation shorting any of these crosses is as wise as jumping in front of a train moving at full speed.

A good example not 'to trade the news'? I put in a short and regretted that later on.

If you traded the news, wouldnt that mean going long??
Or were you expecting to trade the retracement after the news?

I think your confused here shorting the yen means being long the yen crosses.

I presume you mean short USD/JPY...I was the same. I offered several times and, obviously, had zero difficulty getting filled. I am currently flat. JPY pairs are such a beast, once the momentum gets going. Guessing I'll be done until Jan 6th...Cheers

Yeah, sorry, I meant short, first time I cut my fingers. Badly.

If it manages to cross 85.8 then next resistance is only at 88.

I would like it to test support of 84 and then resume bull trend... but market is supreme..

In powerful bull market, the degree of ascent is 90... just vertical..

give it about 5 more pips 85.93ish should give a pitstop. Good rr for a year end sgort

looks like market doesnt want to fuk with the sellers at 85.90 so it wants to attract some retail shorts to pay for the ride up. It needs to crack it soon or there is no pitstop

my opinion is that usd/jpy will fall to ard 85.00 1st before,either,Bear will further 'strengthen' or a Bull 're-bounce'! anyone with me?

I have a funny feeling it will go over .88
some Nippon is controlling this I bet. I'm long at this time (up late something I NEVER do, trying to regain a bit of my Christmas loss)

From BBC

Japanese yen hits 27-month low against US dollar

The Japanese yen has dipped to a 27-month low against the US dollar amid speculation that policymakers will take steps to weaken the currency.

It was trading close to 85.84 yen against the US dollar in early Asian trade, the lowest since September 2010.

Japan's new Prime Minister Shinzo Abe has promised steps to weaken the yen to help revive Japan's sluggish economy.

He has even suggested that Japan's central bank should print "unlimited yen" to help stoke inflation.

Mr Abe has also called upon the central bank to boost its stimulus measures and undertake aggressive monetary easing to spur economic growth.

That includes setting an inflation target of 2% - double that of the Bank of Japan's (BOJ) current target.

Analysts said that with Mr Abe's Liberal Democratic Party and its coalition partner having a two-thirds majority in the lower house, it was highly likely that Mr Abe will be to implement the measures that he had promised during his election campaign.

"There appears to be widespread agreement within the new government and its political alliances on the path to take," advisory firm Brown Brothers Harriman wrote in a note to clients.

"The majority seems to be willing to back Abe's call for 'bold monetary easing' and a 2% inflation target for the BOJ."

Many analysts have said that such aggressive measures were likely to weaken the yen.

Boost for exporters
The Japanese currency has fallen almost 7% against the US dollar since mid-November, after the former government agreed to hold snap elections.

It has also dipped against the euro and was trading at 113.60 yen against the single currency in Asian trade on Thursday - the lowest level since July 2011.

A weak yen bodes well for the Japanese exporters as it not only makes their goods more affordable to foreign buyers but also helps boost their profits when they repatriate their foreign earnings back home.

This is key for Japan's overall economy, as it relies heavily on its export sector for growth.

The prospects of a weak yen, coupled with further stimulus boost, has also had a positive impact on the stock market.

Japan's Nikkei 225 index has risen almost 20% in the past six weeks, with shares of major exporters leading the gains.

ur going to lose your shirt its not long anymore And your revenge trading tired.. typical rookie mistake

Morning all DaEdge when are we going to get a little pullback to add to longs !

selling at 85.75 with target 85.00
After that i will prefer to go long.

Yeah that's the reason I'm not gonna short this pair right now.. Waiting for confirmation to get into in it..

We'll see...

BOOM, love selling the top of a retracement wave

Morning Sir. Hope the holidays treated you & the family well. I cant post a chart now but will in a couple of hours. I think the best were going to see is a consolidation not a distinct pullback. If you look at the PA has been very uniform & orderly it has been straight moves upward followed by consolidations, i think those consolidations are your best spots to add in.