USD/JPY Discussion | Page 1727 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #34,521
  • Jun 7, 2013 5:33am Jun 7, 2013 5:33am
Quoting albchr
{quote} I couldn't agree more. In fact, it wouldn't surprise (or scare) me to see it test 94.10ish. Still well within the overall uptrend. {image} {image} {image}
But why so soon? lol. Corrections are as health as carrots, but with 2-300 pips in the course of a session or two, it gets kinda suspect. With the Nikkei down 20%, yen beasting upwards, I would doubt if we seen a correction upwards.

Also it's bounced of 95.5 like two three times already.
When the facts change I change my mind, what do you do sir
  • #34,522
  • Jun 7, 2013 5:36am Jun 7, 2013 5:36am
Quoting albchr
{quote} I couldn't agree more. In fact, it wouldn't surprise (or scare) me to see it test 94.10ish. Still well within the overall uptrend. {image} {image} {image}
there is another reason from within japan for this thing to keep going down: importers will probably use the opportunity to buy finished goods from off-shore and manufacturers will take advantage of the improved buying power to replenish parts and materials inventory.

then, when price shoots up again, the manufacturers will get a better exchange rate when they turn around and SELL finished goods. a real win-win situation for japan!
  • #34,523
  • Jun 7, 2013 5:42am Jun 7, 2013 5:42am
"Japanese Finance Minister Aso that the government has no plans to intervene and will watch the FX market carefully. Japan’s Economic Minister Amari also said “they will monitor various market movements and added that market volatility may be solved by improving the real economy.”"


Aso and Amari are stupid like a piece of wood ... stay and "watch" and you will see the disaster coming
  • #34,524
  • Jun 7, 2013 5:43am Jun 7, 2013 5:43am
Quoting Gapur
{quote} it seems you are right, but I decide no to take a chance and came out 95.58, I wonder will it really touch 95 flat?
well, i don't know, but someone seems to be pushing on the nikkei AND the .uj

this morning, the first two equity-related news out of japan were; 1) george soros in buying stocks with both hands (meaning the nikkei should rise...which it did IMMEDIATELY), and 2) the japanese gov will begin to buy ETF's (ditto)

hmmm, now what could that possibly mean? then after the rapid nikkei run-up, comes the smack-down AND of course, the continued fall. my reaction is: oh c'mon!
  • #34,525
  • Jun 7, 2013 6:01am Jun 7, 2013 6:01am
Quoting Pip Anon
{quote} But why so soon? lol. Corrections are as health as carrots, but with 2-300 pips in the course of a session or two, it gets kinda suspect. With the Nikkei down 20%, yen beasting upwards, I would doubt if we seen a correction upwards. Also it's bounced of 95.5 like two three times already.
Not sure what you mean by "so soon" bro? I'm not advocating it will jump right back up and recover the drop next week, or even over this month. Let's keep in mind the BoJ's "plan" of reaching 2% inflation is two years long. Even so, big news events can effect rapid change. Have we already forgotten what happened right after the BoJ's initial announcement? 600 pips on UJ in two days and over a 1000 on GY...lol. Is not some correction "overdue" on those moves?

The fact is none of us "knows" what will happen and it seems many here are far more versed in FA than I as I know very little about it. I go by my charts and what I see as "possible" is all. As of now I'm flat on everything except some GU shorts which, at this point, I even question whether that was wise?
Ghost Rider - WWTBMD?
  • #34,526
  • Jun 7, 2013 6:02am Jun 7, 2013 6:02am
Quoting 1candlepower
{quote} well, i don't know, but someone seems to be pushing on the nikkei AND the .uj this morning, the first two equity-related news out of japan were; 1) george soros in buying stocks with both hands (meaning the nikkei should rise...which it did IMMEDIATELY), and 2) the japanese gov will begin to buy ETF's (ditto) hmmm, now what could that possibly mean? then after the rapid nikkei run-up, comes the smack-down AND of course, the continued fall. my reaction is: oh c'mon!

Market manipulation?
  • #34,527
  • Jun 7, 2013 6:04am Jun 7, 2013 6:04am
Quoting 1candlepower
{quote} 95.50 up ahead... this time we break it

done.
  • #34,528
  • Jun 7, 2013 6:10am Jun 7, 2013 6:10am
Quoting multi888
{quote} Market manipulation?
i don't know if i'd use that word... in a sense everyone manipulates prices, even people who post on forums have some degree of "influence" let's say. but, central banks buy and sell ccy's (or have the BIS do it) to serve the interests of their gov (it's part of their business), and their gov's have the power to influence markets in many ways. you could say CB's are like really, really effective hedge funds.

manipulation? i think it should be seen for what it is --- it's an unalterable part of the ccy trading game.
  • #34,529
  • Jun 7, 2013 6:17am Jun 7, 2013 6:17am
Quoting albchr
{quote} Not sure what you mean by "so soon" bro? I'm not advocating it will jump right back up and recover the drop next week, or even over this month. Let's keep in mind the BoJ's "plan" of reaching 2% inflation is two years long. Even so, big news events can effect rapid change. Have we already forgotten what happened right after the BoJ's initial announcement? 600 pips on UJ in two days and over a 1000 on GY...lol. Is not some correction "overdue" on those moves? The fact is none of us "knows" what will happen and it seems many here are...
I hear ya. I just don't like the 1000 pips in 3 days scenario. I mean the trend is you friend... until the very end! lol. I just makes me nervous in regards to trading. I like drops, a little consolidation then more drops! Not like you can keep a tight leash on yen. I kid you not I was once stopped out of a trade 1 minute and 20 seconds after it opened lol
When the facts change I change my mind, what do you do sir
  • #34,530
  • Jun 7, 2013 6:22am Jun 7, 2013 6:22am
Quoting Pip Anon
{quote} I hear ya. I just don't like the 1000 pips in 3 days scenario. I mean the trend is you friend... until the very end! lol. I just makes me nervous in regards to trading. I like drops, a little consolidation then more drops! Not like you can keep a tight leash on yen. I kid you not I was once stopped out of a trade 1 minute and 20 seconds after it opened lol
lol... I hear ya. As far as stops go, my GU stops are at least 100 pips. How big do you think they are on YEN pairs? BIG!! (if I even use them at all)

That's why I love the Dragon so much. 100 to 300 pip swings are nothing.
Ghost Rider - WWTBMD?
  • #34,531
  • Jun 7, 2013 6:41am Jun 7, 2013 6:41am
Oh no! Alan greenspan on cnbs one hour before nfp data talking about how asset price growth is critical to economic recovery...

Im not a superstitious guy, but this looks like a bad omen...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #34,532
  • Jun 7, 2013 6:52am Jun 7, 2013 6:52am
I got SL hit yesterday. Anyways sideline till NFP
  • #34,533
  • Jun 7, 2013 7:42am Jun 7, 2013 7:42am
Quoting theDHT
Oh no! Alan greenspan on cnbs one hour before nfp data talking about how asset price growth is critical to economic recovery... Im not a superstitious guy, but this looks like a bad omen...
I missed that. Sounds like CB-speak for "QE continues..."
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #34,534
  • Jun 7, 2013 8:36am Jun 7, 2013 8:36am
Now or never ... if the yen don't take the opportunity to go down and USD/JPY back to 99 ... then is fucked
  • #34,535
  • Jun 7, 2013 9:57am Jun 7, 2013 9:57am
.uj just did the res becomes sup thing with DPP... (now it's a moonshot)
  • #34,536
  • Jun 7, 2013 10:07am Jun 7, 2013 10:07am
Quoting 1candlepower
.uj just did the res becomes sup thing with DPP... (now it's a moonshot)
.uj is on the move again (stair stepping), only reversed now, to the sky
  • #34,537
  • Jun 7, 2013 10:31am Jun 7, 2013 10:31am
I wouldn't get too excited just yet. 1H 50ema holding, bouncing off the DP, far from to the sky in my humble book.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 36 KB
Ghost Rider - WWTBMD?
  • #34,538
  • Jun 7, 2013 10:35am Jun 7, 2013 10:35am
Quoting albchr
I wouldn't get too excited just yet. 1H 50ema holding, bouncing off the DP, far from to the sky in my humble book. {image}
wow, the moves in the yen pairs are frightening in the last 2 days, to say the least...
the move down was way too fast for comfort, and this move up was to be expected i suppose...
daily, weekly, and monthly sell signals still in effect, so i think we may chop around for a while with a downside bias... after which we resume heading north for these pairs...
i'll wait and see, but may look to add shorts at some point next week... todays PA has made me a bit nauseous!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #34,539
  • Jun 7, 2013 10:41am Jun 7, 2013 10:41am
Quoting theDHT
{quote} wow, the moves in the yen pairs are frightening in the last 2 days, to say the least... the move down was way too fast for comfort, and this move up was to be expected i suppose... daily, weekly, and monthly sell signals still in effect, so i think we may chop around for a while with a downside bias... after which we resume heading north for these pairs... i'll wait and see, but may look to add shorts at some point next week... todays PA has made me a bit nauseous!
Long term I think selling the YEN is still on but I can wait for a bit. I actually have a "little" faith in the dollar still but I'm flat YEN pairs right now. I have a couple GU shorts under water I was building before yesterday's craziness...lol I'll be happy to get out of them in the green next week or so.
Ghost Rider - WWTBMD?
  • #34,540
  • Jun 7, 2013 10:43am Jun 7, 2013 10:43am
Quoting albchr
I wouldn't get too excited just yet. 1H 50ema holding, bouncing off the DP, far from to the sky in my humble book. {image}
of course you're right about that; but, the actual tread looks to be getting installed at 97.30 --- plus i see that the nikkei is trying break upwards within the up channel that began yesterday afternoon; AND, the 10y yield is buzzin along in its channel... phew! i guess i am exited!

i should calm down
49 traders viewing now