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USD/JPY Discussion

  • #36,301
  • Aug 26, 2013 7:23am Aug 26, 2013 7:23am
Quoting stylinex
I was reading online that if the QE continues it would be seen as bearish for the dollar. Tough call today. Japan favors a weaker YEN and US favors a stronger dollar.
Correct. The Dollar has rallied since Apr/May on the premise of QE "taper", if no taper in September, expect the Dollar to sell off.
  • #36,302
  • Aug 26, 2013 7:33am Aug 26, 2013 7:33am
Quoting edindzeko
{quote} Correct. The Dollar has rallied since Apr/May on the premise of QE "taper", if no taper in September, expect the Dollar to sell off.
Something to keep in mind though is that this rally since April/May is considered quite short when you consider how long the market rally of the DOW from under 8000 to over 15000 over the last 5 years lasted. As long as they continue to print money nothing is impossible these days. The US and Japan are trying to print their way out of their own mess that they are in.

The USD/YEN exchange rate is a rather sensitive topic and the US tries to bite its tongue on it as much as it can because of the base that they have over in Okinawa. One wrong word and they are on their way out. Japan is expensive these days for those who have not been there recently and Japan requires high salaries so in order for their goods to be competitive in international markets their YEN needs to be weak. If the President increases taxes,market tanks and YEN rallies then the locals will be quite upset with him. So I reckon he will increase taxes and in return allow stock market to climb and for YEN to depreciate in the long term. By next year we should for sure see 105-110 but short term it may rally back to 95-96 before tanking again.

My $.02..
  • #36,303
  • Aug 26, 2013 7:36am Aug 26, 2013 7:36am
Numbers are out and they are bad. There goes the dollar. YEN strengthen and Dollar weakens
  • #36,304
  • Aug 26, 2013 9:53am Aug 26, 2013 9:53am
Quoting stylinex
Numbers are out and they are bad. There goes the dollar. YEN strengthen and Dollar weakens
  • #36,305
  • Aug 26, 2013 10:14am Aug 26, 2013 10:14am
Quoting new_member
{quote}
It should have went to around $98.20 and stayed there but someone saw that everyone was short the dollar and milked it up to squeeze out all them shorts. Dirty manipulation today. Without QE it would have tanked and stayed there but with QE they were able to manipulate a big bounce to squeeze out everyone who follows bad news and good news.
  • #36,306
  • Aug 26, 2013 12:10pm Aug 26, 2013 12:10pm
for long;

I will wait until 1st Sep.
next monday, or tuesday...
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  • #36,307
  • Aug 26, 2013 2:52pm Aug 26, 2013 2:52pm
Quoting openyoureyes
for long; I will wait until 1st Sep. next monday, or tuesday... {image}

I have a feeling you'll have plenty of oppertunity to buy around 97.
"A true speculator tries the market small." - Jesse Livermore
  • #36,308
  • Aug 26, 2013 3:08pm Aug 26, 2013 3:08pm
Hello

YEN Masters keep thinking for a bigger move up

thought we would have a retrace first.

Maybe this is it,there was a lot of talk about the YEN over the 100

a while back.

See if 98 holds:nerd:
  • #36,309
  • Aug 26, 2013 3:40pm Aug 26, 2013 3:40pm
Quoting eliteincome
Hello YEN Masters keep thinking for a bigger move up thought we would have a retrace first. Maybe this is it,there was a lot of talk about the YEN over the 100 a while back. See if 98 holds:nerd:
Hello
I agree, its time to wait for YEN pairs.

I will wait for long opportunities even if I have to wait until 6 am (local)
Because tokyo sell YEN like crazy, makes good long opportunity for London open.

I mostly trade x/JPY but I stopped since a week or so.

Don't like being short on x/JPY

CHF/JPY shined in long...
  • #36,310
  • Aug 27, 2013 1:43am Aug 27, 2013 1:43am
Quoting openyoureyes
{quote} Hello I agree, its time to wait for YEN pairs. I will wait for long opportunities even if I have to wait until 6 am (local) Because tokyo sell YEN like crazy, makes good long opportunity for London open. I mostly trade x/JPY but I stopped since a week or so. Don't like being short on x/JPY CHF/JPY shined in long...

Good morning my pads...Really, there is a lot of pips to catch in YEN.. Just target 93.20 - U/J, 150.20 -G/J..
Keep catching your fun o.

Thanks to you all for Yesterday info
  • #36,311
  • Aug 27, 2013 2:30am Aug 27, 2013 2:30am
Hello YEN Masters

Yeah hard to know what it will do this week

nearly 98 now.

Expecting a retrace,this might be the one.:nerd:
  • #36,312
  • Aug 27, 2013 2:40am Aug 27, 2013 2:40am
Hello Yen experts,

News in 20 min,
long all x/JPY after news?
  • #36,313
  • Aug 27, 2013 2:41am Aug 27, 2013 2:41am
Looks like Kuroda is slipping
When the facts change I change my mind, what do you do sir
  • #36,314
  • Aug 27, 2013 2:46am Aug 27, 2013 2:46am
Yen is freakin out lol
When the facts change I change my mind, what do you do sir
  • #36,315
  • Aug 27, 2013 2:48am Aug 27, 2013 2:48am
97 here we come. We break that and oh boy it should be a fun drop from there.
"A true speculator tries the market small." - Jesse Livermore
  • #36,316
  • Aug 27, 2013 2:49am Aug 27, 2013 2:49am
Yen keep on dropping, wait the opportunity to long
  • #36,317
  • Aug 27, 2013 2:55am Aug 27, 2013 2:55am
Quoting Pip Anon
Looks like Kuroda is slipping
yen death next
  • #36,318
  • Aug 27, 2013 2:59am Aug 27, 2013 2:59am
Quoting Greener
{quote} yen death next
Maybe. Sometimes things go down so much, they just have to go up lol. I also think it is risk aversion day with the whole syria thing. Then again yen can be up .5% one candle and down .7% the next.
When the facts change I change my mind, what do you do sir
  • #36,319
  • Aug 27, 2013 3:08am Aug 27, 2013 3:08am
I'm long from here
very heavy
  • #36,320
  • Aug 27, 2013 3:11am Aug 27, 2013 3:11am
Quoting openyoureyes
I'm long from here very heavy
Looking for long too 97.75
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