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USD/JPY Discussion

  • #36,181
  • Aug 21, 2013 9:15pm Aug 21, 2013 9:15pm
Where is likely significant resistance ?
It might be around 98.90 ?

Have fun and trade well
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When the Joker is in the deck.. fear not and play it well
  • #36,182
  • Aug 21, 2013 11:23pm Aug 21, 2013 11:23pm
Quoting balanced2012
last chance to catch the train next stop 98.600 !!!

Very good call. Definitely did take off and shoot past that 98 mark.
Best to be long Dollar vs Yen these days. I just got back from Japan and their economy is up the creek. That YEN will collapse sooner or later.
  • #36,183
  • Aug 22, 2013 3:30am Aug 22, 2013 3:30am
Quoting stylinex
{quote} Very good call. Definitely did take off and shoot past that 98 mark. Best to be long Dollar vs Yen these days. I just got back from Japan and their economy is up the creek. That YEN will collapse sooner or later.
this bull run can stop below 100?
all this have to do with asian markets abandoning
that effect yen
  • #36,184
  • Aug 22, 2013 3:52am Aug 22, 2013 3:52am
Hello

Hard to know what it will do

like the idea off 100 the mark again

What happen to the down move:nerd:
  • #36,185
  • Aug 22, 2013 4:38am Aug 22, 2013 4:38am
Hello

This YEN is starting to chug away

99 pretty close

doing wonders for my account:nerd:

keep going please
  • #36,186
  • Aug 22, 2013 5:15am Aug 22, 2013 5:15am
Anbody on shorts here?
  • #36,187
  • Aug 22, 2013 5:15am Aug 22, 2013 5:15am
Quoting hoom
you mean that's false breakout???

This definitely was no false breakout.
  • #36,188
  • Aug 22, 2013 5:24am Aug 22, 2013 5:24am
If this attack on 3 month trend line fails.... On the other hand, 4th time - should manage.
  • #36,189
  • Aug 22, 2013 5:30am Aug 22, 2013 5:30am
Quoting Xeet
If this attack on 3 month trend line fails.... On the other hand, 4th time - should manage.
Going up or down? I took quite a beating today.
  • #36,190
  • Aug 22, 2013 5:32am Aug 22, 2013 5:32am
Hi forex mate.
its look like the yen will keep on rising.
Need suggestion will its likely to keep on till 100?
  • #36,191
  • Aug 22, 2013 5:41am Aug 22, 2013 5:41am
Quoting stylinex
{quote} Going up or down? I took quite a beating today.
Took shorts?
  • #36,192
  • Aug 22, 2013 6:00am Aug 22, 2013 6:00am
Quoting stylinex
{quote} Going up or down? I took quite a beating today.
Yesterday's Minutes were both useless and useful - pointing out that jobless claims are one of the major factors in reading USD movements for now. Those were on a good streak recently, thus supported by the message from the Minutes regarding the fact that tapering WILL happen, gave today's bullish movement.

We are approaching the most important bearish trendline for the 4th time in last 3 months and we will recieve information regarding jobless claims today. If they are worse than prediction, bearish move is very probable. If they prove to be good, however, future short term movement might be harder to read - it might be the case that market is already taking such info into account. NY+London usually work on creating daily high/low, market usually retraces after London closes.

Personally I have longs from 97 - 97.60 (and removed my short hedge from 97.3 or so), so my SLs guarantee me profit. However, I am prepared for 3 scenarios:

1. Bad info - reduce longs, wait
2. Neutral info - put SLs highier, wait.
3. Good info - keep longs, put SLs highier, wait.

In the long run, this market will go up. Possibility of it falling below nearly 1Y trendline is very low at this point.
  • #36,193
  • Aug 22, 2013 6:06am Aug 22, 2013 6:06am
I think usd will strengthen all the way up to the sept fomc. Not going to be putting anymore usd shorts and looking to buy usd on any pullback
  • #36,194
  • Aug 22, 2013 6:08am Aug 22, 2013 6:08am
Quoting Xeet
{quote} Yesterday's Minutes were both useless and useful - pointing out that jobless claims are one of the major factors in reading USD movements for now. Those were on a good streak recently, thus supported by the message from the Minutes regarding the fact that tapering WILL happen, gave today's bullish movement. We are approaching the most important bearish trendline for the 4th time in last 3 months and we will recieve information regarding jobless claims today. If they are worse than prediction, bearish move is very probable. If they prove...
Went short at about $98.48 was great in the morning but turned very bloody in the afternoon for me. Usually we see a retrace but no retrace today so far. Looks like bank intervention to push YEN towards the $100 mark. My mistake cost me dearly today
  • #36,195
  • Aug 22, 2013 6:31am Aug 22, 2013 6:31am
Quoting stylinex
{quote} Went short at about $98.48 was great in the morning but turned very bloody in the afternoon for me. Usually we see a retrace but no retrace today so far. Looks like bank intervention to push YEN towards the $100 mark. My mistake cost me dearly today

Retrace will (or rather should, as there are chances it won't due to the market signals) happen either after info or after London. Another thing to remember is that EUR info were good, thus for money to stay/go to the US, investing there must be either safer or more profitable than in EUR.

Technicals are obvious (+that volume) for now, though I will wait with my judgement till London close. Even though BoJ suggested that they might work harder on weakening Yen, I doubt it's them that are pushing the market up currently (volume suggest it's possible, but I think that they would refrain from it for now), unless their statement that anything above 95 is fine with them is no longer valid.


http://www.businessweek.com/ap/2013-...yment-benefits
  • #36,196
  • Aug 22, 2013 6:35am Aug 22, 2013 6:35am
Quoting Xeet
{quote} Retrace will (or rather should, as there are chances it won't due to the market signals) happen either after info or after London. Another thing to remember is that EUR info were good, thus for money to stay/go to the US, investing there must be either safer or more profitable than in EUR. Technicals are obvious (+that volume) for now, though I will wait with my judgement till London close. Even though BoJ suggested that they might work harder on weakening Yen, I doubt it's them that are pushing the market up currently (volume suggest it's...
Do the Usd/Yen will drop back to 97.00?
  • #36,197
  • Aug 22, 2013 7:09am Aug 22, 2013 7:09am
Quoting Xeet
{quote} Retrace will (or rather should, as there are chances it won't due to the market signals) happen either after info or after London. Another thing to remember is that EUR info were good, thus for money to stay/go to the US, investing there must be either safer or more profitable than in EUR. Technicals are obvious (+that volume) for now, though I will wait with my judgement till London close. Even though BoJ suggested that they might work harder on weakening Yen, I doubt it's them that are pushing the market up currently (volume suggest it's...
With futures up,job numbers looking good and BOJ wanting to keep the YEN at 100 for manufacturers and exporters to not lose money the gains will most likely hold. In order for Japanese manufacturers to pull out of recession and make profits YEN will have to go to 110. Living in Asia and knowing how bad the local economies are now I see the YEN weakening further. Just made a mistake and got in at the wrong time today hoping for a retrace and got caught in a bloodbath as I tried to average down and look for an exit.
  • #36,198
  • Aug 22, 2013 7:15am Aug 22, 2013 7:15am
Quoting Zacksama
{quote} Do the Usd/Yen will drop back to 97.00?
Will require some very bad news to come out today of which does not seem likely and for BOJ to not intervene like it did today. I reckon it intervened today to make manufacturers and locals happy because it was increasing local taxes from 5 to 8%. Basically take a little more hear and give a little more there. What they are basically telling the locals is that we need more cash to cover our expenses but in return for us raising taxes on you we will try and make your products more competitive overseas so you can export more and make more money. In return give us a little more taxes on what you spend here locally.
  • #36,199
  • Aug 22, 2013 7:26am Aug 22, 2013 7:26am
Went short at 98.75 with a target of 95.00... I am not very hopefull for the unemployement report in 5 minutes...
  • #36,200
  • Aug 22, 2013 7:36am Aug 22, 2013 7:36am
336k unemployment. Yen stand on 98.60 will likely to short?
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