USD/JPY Discussion

You are talking absolutely nonsense

... the case for short term shorts keeps building.... maybe carving out a reversal pattern on the M240's...

any thoughts on downside price target?

Hello

Hard to know what will happen

been holding longs YEN pairs

nasty YEN retraces

next trip up I will clip the ticket on some of my longs

Still 103 to 105 seems possible now

My trades are in

All this talk off 100

What are all the punters doing

From Wikipedia:
The Fukushima Daiichi nuclear disaster was a series of equipment failures, nuclear meltdowns and releases of radioactive materials at the Fukushima I Nuclear Power Plant, following the Tōhoku earthquake and tsunami on 11 March 2011. It is the largest nuclear disaster since the Chernobyl disaster of 1986 and only the second disaster (along with Chernobyl) to measure Level 7 on the International Nuclear Event Scale.

Research it yourself. The aftermath was reported in the press, including the shift in public opinion against nuclear power.

What is your opinion?

Is the Yen already under-valued?
A couple of Japanese officials have recently commented that the Yen may already have fallen far enough, and yet it's only just above the 100 mark against the dollar. Can't be right, eh?

A look at the fundamentals suggests they might be right. Of all the majors, the Yen has depreciated the most since 2000 when tracked in terms of the currency's real effective exchange rate. That is an index of the JPY exchange rate against a basket of trade partners' currencies adjusted for differences in rates of inflation. The attached graph (based on BIS data) reveals the Yen's fall over the past year, but back in 2011 the currency was not as strong in real terms as the nominal exchange rate (the 75 that we saw on our trading screens) might have suggested. You might have expected to see the Yen line off the top of the graph 18 months ago, but it wasn't. This is the result of long years of deflation in Japan. When Japanese prices are falling (and those in other countries are not), the currency needs to appreciate in nominal terms just to keep its real value constant.

Simply put, some of the adjustment from historical norms (of above 100) towards the recent lows (round 75) was justified by fundamentals. There may be less upside in the USD/JPY than historical (nominal) charts suggest.

PK

nothing interesting is happening with pair right now. The fear of HOT WEDNESDAY

seems to be failing at the 61.8 retracement of the swing between friday high (103.28) and yesterday early low (101.98), which is around 102.8x... i think the bull trap has been set and a lot of long entry stops hit again...

I had to close my long position

probably a good thing to do while mr market decides which way he wants to take us...

[quote=theDHT;6695690]{quote} probably a good thing to do while mr market decides which way he wants to take us...[/QsuUOTE]

suspending trade. it is wounding me

Hey Guys,

USD/JPY is last 2 days kinda bitc*...

To hard lion week for trade it well.

Tomorrow will be very important to see further moves...

heads up... bullard goes live in 10...

Am going south based on the negative divergence

Apart from the negative divergence,there is the double top in the one hour chat and tweezer a couple of hours back

zerohedge ‏@zerohedge 1m
FED'S BULLARD SAYS U.S. RECOVERY SLOWER THAN EXPECTED.... than the expected recovery in 2010, 2011, 2012 or 2013?

you think the bernankes views will differ vastly?

if not, then this may be the beginning of the reversal for the USD complex

divergences have been building on the H4 and dailies since last week!!

Yes, IT COULD ALSO BE SEEN in daily chat STARTING FROM FEBRUARY

BTFD

... not sure what you're talking about...