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USD/JPY Discussion

  • #32,701
  • Jan 10, 2013 1:17pm Jan 10, 2013 1:17pm
Quoting Compulsive
Moody downgrades Cyprus government bond ratings to Caa3 from B3
nah just a normal stop hunt
  • #32,702
  • Jan 10, 2013 1:20pm Jan 10, 2013 1:20pm
Quoting sidhujag
nah just a normal stop hunt

yes. the bases were loaded. covered at 63

question now is: where will next price floor be on the way to 90+
  • #32,703
  • Jan 10, 2013 1:40pm Jan 10, 2013 1:40pm
Quoting 1candlepower
yes. the bases were loaded. covered at 63

question now is: where will next price floor be on the way to 90+


looks like it's making intentional effort to re-enter main channel from 12/13... (may hit R2 at 80.75) ...means new price floor will be well above 88.40

(edit: R2 now done)
  • #32,704
  • Jan 10, 2013 1:43pm Jan 10, 2013 1:43pm
i love yen! haha
  • #32,705
  • Jan 10, 2013 1:48pm Jan 10, 2013 1:48pm
Quoting 4rextrader
i love yen! haha
love it now hate it later
  • #32,706
  • Jan 10, 2013 2:02pm Jan 10, 2013 2:02pm
ok, fellas. ready to trade with ya all in about 20 mins !

last night was painfully slow. see what tonight brings. if still at snails pace, then off to bed for me !!
  • #32,707
  • Jan 10, 2013 2:11pm Jan 10, 2013 2:11pm
the 3 wave up move to R2 didn't do it... apparently someone is still trying to short this thing!!!!!!!

i might be wrong about the floor thing. maybe we will have series of uninterrupted upthrusts?
  • #32,708
  • Jan 10, 2013 2:13pm Jan 10, 2013 2:13pm
Quoting sidhujag
love it now hate it later
never, ive made too much off it already
  • #32,709
  • Jan 10, 2013 2:21pm Jan 10, 2013 2:21pm
Quoting 4rextrader
never, ive made too much off it already

have you caught any part of the recent up move?
  • #32,710
  • Jan 10, 2013 2:24pm Jan 10, 2013 2:24pm
Quoting 1candlepower
have you caught any part of the recent up move?
i did in the past movement on this pair, currently tho i have 3 positions, 1 of which is yen cross, gj. I have been in since 140.94. wbu?
  • #32,711
  • Jan 10, 2013 2:32pm Jan 10, 2013 2:32pm
Quoting 4rextrader
i did in the past movement on this pair, currently tho i have 3 positions, 1 of which is yen cross, gj. I have been in since 140.94. wbu?

have a limited repertoire of tricks, but once or twice year i see a series of super-neat price floors (bear traps i assume) and got in at the second one (87.725)... from there on, easy to see what happens --- didn't expect such long collection of short suckers followed by spike to R2 (from ytrd) though
  • #32,712
  • Jan 10, 2013 2:37pm Jan 10, 2013 2:37pm
i have gone long at 88.87. will monitor this one closely.
  • #32,713
  • Jan 10, 2013 2:46pm Jan 10, 2013 2:46pm
lets go all jump on the train..unlimited returns wahhooo
  • #32,714
  • Jan 10, 2013 2:55pm Jan 10, 2013 2:55pm
Quoting Halba
lets go all jump on the train..unlimited returns wahhooo

this krazy run-up might actually stick: Abe cleverly did the "employment targeting" thing this afternoon (no more accusations of merchantilism) which kicked .uj up a few notches... being clever this way, they might scare it all the way to 90 without spending a cent!

then... they could do the SNB "line in the sand" thing...unlimited ccy and bond buying, neg interest rates, etc.

it might never come back down
  • #32,715
  • Jan 10, 2013 3:03pm Jan 10, 2013 3:03pm
i feel a short but sweet down move coming, so closed long at BE


time to observe and perhaps re-enter at a better price. need for market to move though otherwise off to bed !!
  • #32,716
  • Jan 10, 2013 3:20pm Jan 10, 2013 3:20pm
not much happening....dead slow. off to bed.
  • #32,717
  • Jan 10, 2013 3:45pm Jan 10, 2013 3:45pm
Quoting 1candlepower
this krazy run-up might actually stick: Abe cleverly did the "employment targeting" thing this afternoon (no more accusations of merchantilism) which kicked .uj up a few notches... being clever this way, they might scare it all the way to 90 without spending a cent!

then... they could do the SNB "line in the sand" thing...unlimited ccy and bond buying, neg interest rates, etc.

it might never come back down
It's getting to the point now where 90.00 might not mean as much as people think, smart money will decide where the price stops & if they want it to go higher than 90.00 then it will. Abe is doing a wonderful job of playing the media.
It works till it doesn't
  • #32,718
  • Jan 10, 2013 3:59pm Jan 10, 2013 3:59pm
Quoting DaEdge
It's getting to the point now where 90.00 might not mean as much as people think, smart money will decide where the price stops & if they want it to go higher than 90.00 then it will. Abe is doing a wonderful job of playing the media.

i agree... the 90 fig was something thrown out by a few Japanese businessmen last week.

i am amazed there are still people going short .uj (well there are on the EUR/USD thread --- maybe they should visit this thread!) ...it's ripping everyone who's tried to short it to shreds

wherever it goes, the example set by the SNB changes everything from where i stand ... it doesn't necessarily have to retrace anymore
  • #32,719
  • Jan 10, 2013 3:59pm Jan 10, 2013 3:59pm
Quoting DaEdge
It's getting to the point now where 90.00 might not mean as much as people think, smart money will decide where the price stops & if they want it to go higher than 90.00 then it will. Abe is doing a wonderful job of playing the media.
how you runnin bro? u in this uptrend?
  • #32,720
  • Jan 10, 2013 4:33pm Jan 10, 2013 4:33pm
simple economics: if you want to fight unemployment, you need to be more competitive! how? lowering the prices of exports, the only way to do it is...weaking the currency. So ... don't know how can be people shorting
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