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USD/JPY Discussion

  • #34,181
  • May 28, 2013 3:47pm May 28, 2013 3:47pm
Gidday Candle

Yeah been watching

I been closing some longs out

got $15 grand in longs

so it starts to hurt when it retraces

so 133.7 or more would nice
  • #34,182
  • May 28, 2013 3:56pm May 28, 2013 3:56pm
Quoting eliteincome
Gidday Candle Yeah been watching I been closing some longs out got $15 grand in longs so it starts to hurt when it retraces so 133.7 or more would nice
yup! ... i'd say 15K a day really hits the spot any of that in .uj or is it all .ej?
  • #34,183
  • Edited 5:08pm May 28, 2013 4:42pm | Edited 5:08pm
Watching $/Yen 102.887...Possible shorting area targeting 99.92 - 100.02.....

If these levels are hit, then that would open up 98.75 - 9880...
  • #34,184
  • May 28, 2013 4:57pm May 28, 2013 4:57pm
Quoting BlueCirrus
Watching $/Yen 102.887...Possible shorting area targeting 99.92 - 102.02..... If these levels are hit, then that would open up 98.75 - 9880...

what is your analysis based on?
  • #34,185
  • May 28, 2013 5:17pm May 28, 2013 5:17pm
Quoting strategos
{quote} what is your analysis based on?
It's based on Price Action, measured price levels and if-then analysis....

Note that the first target area should read: "99.92 - 100.02"........Edited the post to show the correct #...
  • #34,186
  • May 28, 2013 5:29pm May 28, 2013 5:29pm
Quoting BlueCirrus
Watching $/Yen 102.887...Possible shorting area targeting 99.92 - 100.02..... If these levels are hit, then that would open up 98.75 - 9880...
okay, back from dinner...

i was wondering where 102.887 came from... i have last tues' high at 102.88 (and another 5 levels before that based on tl's, fib's and fig fractions). my view is that .uj will continue to rattle around various levels all the way to 104.60+ guided by the main trend channel from feb 6
  • #34,187
  • May 28, 2013 5:35pm May 28, 2013 5:35pm
What do you think Kuroda delivers dovish speech for JPY? I think BOJ is not pleased with the weakness of JPY, I think they want 110-115 and 150 for EUR and they are aggressive bankers intervening without hesitation when they think it's time. They monitor market closely so I believe they see this price action as if traders are hesitating to short JPY so they might push market.
kiss the trend
  • #34,188
  • May 28, 2013 5:42pm May 28, 2013 5:42pm
i believe kuroda is going to hold his ground in regards to the events occurring in the Japanese economy. Reports that has been coming out state the economy is improving. Also add the fact that more Japanese would prefer the yen depreciate further.
  • #34,189
  • May 28, 2013 5:49pm May 28, 2013 5:49pm
Quoting strategos
i believe kuroda is going to hold his ground in regards to the events occurring in the Japanese economy. Reports that has been coming out state the economy is improving. Also add the fact that more Japanese would prefer the yen depreciate further.

Yeah, that's what I mean, economy is good but I think BOJ is not pleased with the weakness of the YEN considering long term price action. What you do on his place? I would push USDJPY to 110-115 for market and market would take it to 120. They have enough force to make it happen, depends whether they intend to do it now, but technically charts show it is right time BOJ to push market for rally.
kiss the trend
  • #34,190
  • May 28, 2013 5:54pm May 28, 2013 5:54pm
if they are consigned about the sudden drop in the value of the yen then i would expect then to halt the fall for now
  • #34,191
  • May 28, 2013 5:56pm May 28, 2013 5:56pm
am off to bed
  • #34,192
  • May 28, 2013 6:54pm May 28, 2013 6:54pm
Retail sales comes at better than expected, also price is near 102.5 I will take now 50 pips profit and will re enter if kuroda is again aggressive.
kiss the trend
  • #34,193
  • May 28, 2013 7:12pm May 28, 2013 7:12pm
What did Kuroda say?
kiss the trend
  • #34,194
  • May 28, 2013 7:23pm May 28, 2013 7:23pm
Quoting fx-trader777
What did Kuroda say?
Yeah ....


???
  • #34,195
  • May 28, 2013 7:33pm May 28, 2013 7:33pm
Quoting mm2mm
{quote}Yeah .... ???

OMG what the hell did I just read, Kuroda explained currency regimes from Breton-woods system speaking why currency crisis happened in 90th and then talked about recent economic crisis in frames of currency regimes and just now reading conclusion. I don't understand what should I conclude, so do the market and we don't have either trend continuation or reversal. Well, hate this sideway market, I need trend to be initiated and it is high time for it.

I will take crosses I think instead
kiss the trend
  • #34,196
  • May 28, 2013 7:43pm May 28, 2013 7:43pm
Quoting fx-trader777
{quote} OMG what the hell did I just read, Kuroda explained currency regimes from Breton-woods system speaking why currency crisis happened in 90th and then talked about recent economic crisis in frames of currency regimes and just now reading conclusion. I don't understand what should I conclude, so do the market and we don't have either trend continuation or reversal. Well, hate this sideway market, I need trend to be initiated and it is high time for it. I will take crosses I think instead
Soutj we are going !!!!!
“Don't cry because it's over, smile because it happened.”
  • #34,197
  • May 28, 2013 7:46pm May 28, 2013 7:46pm
Buy dip ?
Possible bounce..

South is not welcome UJ
  • #34,198
  • May 28, 2013 8:48pm May 28, 2013 8:48pm
AUDJPY is starting downside trend I think.

AUDUSD is heading south, USDJPY might enter into another consolidation so AUDJPY should be safe to sell I suppose.
kiss the trend
  • #34,199
  • May 28, 2013 9:06pm May 28, 2013 9:06pm
Looking for a big move down when the wedge breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: wedge.png Size: 39 KB
Yay! Pips for everyone!
  • #34,200
  • May 28, 2013 9:26pm May 28, 2013 9:26pm
This is my analysis. forget about koruda, focus on technical..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy -29052013.gif Size: 40 KB
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