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USD/JPY Discussion

  • #38,101
  • Oct 13, 2013 4:21pm Oct 13, 2013 4:21pm
Quoting JeremyWS
{quote} http://www.lcgfx.com/
Thanks :-)
  • #38,102
  • Oct 13, 2013 4:22pm Oct 13, 2013 4:22pm
is it a good time to short USD/JPY at this levels or still wait?
  • #38,103
  • Oct 13, 2013 4:27pm Oct 13, 2013 4:27pm
Quoting stylinex
{quote} Monday,Tuesday and Wed. the USD was weak and in Thursday and Friday it reversed. I never claimed to be a holding a crystal ball in my hand. I expected the USD to be weak prior to the debt ceiling limit either being raised or going into default. Notice how when the Dollar first strengthens against the YEN how the market follows after like it did on Thursday and Friday with two green days for the DOW and S&P500 just like the USD rallied against the YEN on Thursday and Friday.
I was just pointing out that you were saying that you said something that you didn't say. You said the opposite. Just be honest. Nobody here is right every time. There is no shame in being wrong. Maybe embarrassment, which I have experienced many times on here. It is trying to take the readers of this thread as fools that is shameful.
  • #38,104
  • Oct 13, 2013 4:30pm Oct 13, 2013 4:30pm
Next stop: 97.59
Money never sleeps I can hear the dollar calling me
  • #38,105
  • Oct 13, 2013 4:41pm Oct 13, 2013 4:41pm
The normally highly correlated 10's and USDJPY have diverged a little, suggest a convergence of the two is likely
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY vs 10's.png Size: 94 KB
  • #38,106
  • Oct 13, 2013 4:41pm Oct 13, 2013 4:41pm
Will it back to 98.6 soon?
  • #38,107
  • Oct 13, 2013 4:47pm Oct 13, 2013 4:47pm
Anyone think the gap down will be closed first before we make a move?
  • #38,108
  • Oct 13, 2013 4:58pm Oct 13, 2013 4:58pm
very unlikely the gap will be closed train is going by tickets now
  • #38,109
  • Oct 13, 2013 5:05pm Oct 13, 2013 5:05pm
Japan market is closed, perhaps YEN depreciation may not be strong to underpin the drop of UJ.

Good to see how euro reacts.
  • #38,110
  • Oct 13, 2013 5:20pm Oct 13, 2013 5:20pm
Quoting pohchuan
{quote} Technically a gap down is highly possible.....but I guess the big boys will pull it up. Be cautious of the bear traps. A series of bad data released last week couldn't bring the dollar down....isn't this obvious.....it's manipulated and legally rigged.

Guess I'm right....big boys at play now to shore up UJ despite the breakdown in talks.
  • #38,111
  • Oct 13, 2013 5:32pm Oct 13, 2013 5:32pm
2013/10/14 01:05:06 White House says Obama Spoke With House Democratic Leader Pelosi on Phone on Sunday About Ending Government Shutdown, Raising Debt Limit
  • #38,112
  • Oct 13, 2013 9:00pm Oct 13, 2013 9:00pm
expected a bigger drop given the current status is not a lot different from 10 days ago. not expecting a 96.xx but i thought 97.xx was at least achievable?
  • #38,113
  • Oct 13, 2013 9:21pm Oct 13, 2013 9:21pm
96 is here ,by yours tickets, train is living
  • #38,114
  • Oct 13, 2013 10:32pm Oct 13, 2013 10:32pm
Quoting Zappa
{quote} I was just pointing out that you were saying that you said something that you didn't say. You said the opposite. Just be honest. Nobody here is right every time. There is no shame in being wrong. Maybe embarrassment, which I have experienced many times on here. It is trying to take the readers of this thread as fools that is shameful.
Yes, as, I am wrong at times and do make mistakes. No one is perfect but I believe we misunderstood each other here as I had two different expectations and was calling out two different possible scenarios of how I thought the market could play out.
  • #38,115
  • Edited 11:22pm Oct 13, 2013 11:04pm | Edited 11:22pm
This open gap down has put a spanner to the bull run in recent days. It has an immediate resistant at 98.7 followed by 98.9 which is made that much harder now. The only pairs that made the scale-up is the european crosses with dollar and this is expected but they're rather weak - For this bull to not run out of steam they have to attempt the recent highs. For now it doesn't look that way, so a sideways movement with downside bias is more expected for the next 2 days(Mon,Tue). Scalp with the 15m TF can be a good strategy.
  • #38,116
  • Oct 13, 2013 11:24pm Oct 13, 2013 11:24pm
Gidday YEN Masters

My autochartist showing 100.850

few days time.

More than likely take the long way

So I might have to suck it up for a few days

What is everybody else think:nerd:
  • #38,117
  • Oct 13, 2013 11:31pm Oct 13, 2013 11:31pm
the fight in US intensifies, I still believe UJ will go south
I'll be waiting untill wednesday
  • #38,118
  • Oct 14, 2013 1:51am Oct 14, 2013 1:51am
With US and Japan out due to national holidays the pullback may be a little light today. If no agreement is found before Japan and US market open on Tuesday the 97 lows should be achievable and I'll look to buy around 97.00 - 97.10

On the flip side if they do find an agreement before Tuesday then UJ will move north towards the 100....

I'm in watch and wait mode...
  • #38,119
  • Oct 14, 2013 3:27am Oct 14, 2013 3:27am
surprised the EU market is pulling USD back up. It seems no one believe the US will go default. It is very boring to watch the market today.
  • #38,120
  • Oct 14, 2013 3:44am Oct 14, 2013 3:44am
Quoting nisack
surprised the EU market is pulling USD back up. It seems no one believe the US will go default. It is very boring to watch the market today.
Big boys have been rigging the markets since market open to ensure the dollar bulls stay above water.

Weak dollar will bring the world financial market, especially Japan, into chaos. Wouldn't be surprise BOJ is printing more money to shore up the USD so as to improve their export numbers and its deflation.

Looks like more major move can be expected till Japan & US markets open.
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