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USD/JPY Discussion

  • #38,581
  • Oct 29, 2013 11:19am Oct 29, 2013 11:19am
what the heck is going on? there seems no ending to this?
  • #38,582
  • Oct 29, 2013 11:20am Oct 29, 2013 11:20am
Looking good for those that went long at the low 97 levels....

Strong fundamentals for a weak JPY given Abe's policies...Plus the anticipation that tapering will need to happen at some point despite some of the 'bad' data we had today. I'm still holding long from low 97 levels and on the ride to the high 98 or 99.2x levels....

My take is that any block to getting to these levels is the FOCM meeting minutes tomorrow. They will either push this higher depending on a 'sooner' than anticipated taper or pull back to the mid 97 level if there is evidence that tapering is a looooong way off.....
  • #38,583
  • Oct 29, 2013 11:22am Oct 29, 2013 11:22am
Anybody looking to short at these levels?
  • #38,584
  • Oct 29, 2013 11:22am Oct 29, 2013 11:22am
Quoting kweiss10
bad US numbers and market goes up.
True and ridiculous!! ... But more fixes for the addicts from Ben the dealer?? ... Difficult as it sometimes is, if we want to profit, we have to follow the direction and flow of the addicts, absurd as it may be!! ...
  • #38,585
  • Oct 29, 2013 11:27am Oct 29, 2013 11:27am
If 98.185 holds I will short
  • #38,586
  • Oct 29, 2013 11:34am Oct 29, 2013 11:34am
Green Pips Everyone .... Strength level is so strong it shot passed 98.1... Next level to watch in my view for another entry for a buy in smaller tf is the reaction around 98.6 area....

Higher TF like H4 D1 and Mth Signifying higher prices like 100 / 104....
Sincerely Yours Cheers!
  • #38,587
  • Oct 29, 2013 11:40am Oct 29, 2013 11:40am
Quoting iNSIELD
Anybody looking to short at these levels?

no way, 110/115 or bust..
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,588
  • Oct 29, 2013 11:44am Oct 29, 2013 11:44am
Quoting bikov
{quote} no way, 110/115 or bust..
You're one stubborn bull too..
Sincerely Yours Cheers!
  • #38,589
  • Oct 29, 2013 11:44am Oct 29, 2013 11:44am
Quoting bikov
{quote} no way, 110/115 or bust..
definetly possible just seems like risk reward here either we are in an expanding triangle or we made a lower low for higher not sure which one
  • #38,590
  • Oct 29, 2013 11:46am Oct 29, 2013 11:46am
Quoting DingDongWay
{quote} You're one stubborn bull too..
Ding Dong did u mean to subscribe to me?
  • #38,591
  • Oct 29, 2013 11:49am Oct 29, 2013 11:49am
Quoting iNSIELD
{quote} Ding Dong did u mean to subscribe to me?
ya... i subscribe to active forumers instead of inactive..... esp forumers in uj thread too...

Im somewhat new to FF and i think its nice to have views shared...
Sincerely Yours Cheers!
  • #38,592
  • Oct 29, 2013 11:49am Oct 29, 2013 11:49am
Quoting DingDongWay
{quote} You're one stubborn bull too..

or full

just kidding, it's worth a try.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,593
  • Oct 29, 2013 11:51am Oct 29, 2013 11:51am
Quoting DingDongWay
{quote} ya... i subscribe to active forumers instead of inactive..... esp forumers in uj thread too... Im somewhat new to FF and i think its nice to have views shared...
Awesome I will PM back and forth potential trades I see and we can ping ideas back and forth
  • #38,594
  • Oct 29, 2013 11:55am Oct 29, 2013 11:55am
Quoting iNSIELD
{quote} Awesome I will PM back and forth potential trades I see and we can ping ideas back and forth
Great! To be honest.... this pair've got my full attention to it... filtering news effects for higher tf.... i actually looking at 104.45 / 106 area much more into 118 which i guessed im being crazy and to some others too 'optimistic'....

just that in between the journey, its never in a line.... there're alot levels to watch for possible reversals retracements which may influence my bias...
Sincerely Yours Cheers!
  • #38,595
  • Oct 29, 2013 12:00pm Oct 29, 2013 12:00pm
Quoting DingDongWay
{quote} Great! To be honest.... this pair've got my full attention to it... filtering news effects for higher tf.... i actually looking at 104.45 / 106 area much more into 118 which i guessed im being crazy and to some others too 'optimistic'.... just that in between the journey, its never in a line.... there're alot levels to watch for possible reversals retracements which may influence my bias...
very well could I will caution you looking at 4 hour u have series of higher highs and higher lows
  • #38,596
  • Oct 29, 2013 12:07pm Oct 29, 2013 12:07pm
Quoting iNSIELD
{quote} very well could I will caution you looking at 4 hour u have series of higher highs and higher lows
Thanks INs, will be monitoring closely...
Sincerely Yours Cheers!
  • #38,597
  • Oct 29, 2013 1:31pm Oct 29, 2013 1:31pm
Quoting iNSIELD
{quote} very well could I will caution you looking at 4 hour u have series of higher highs and higher lows
Hello US/JPY

A bit off ping pong going on

EUR/US reloading,needs to drag in the punters to load up there longs.

My long bus is full of US/JPY to 104 + also

Holding YEN longs is a bit like owning a bucket with a hole in it,

Taking profit now to lighten the load.

Could sneak back towards 97 again

I will add more small longs:nerd:
  • #38,598
  • Oct 29, 2013 1:58pm Oct 29, 2013 1:58pm
Maybe the most important chart - 10y yield. There's up trend looking at 1 year chart and it's above 200 sma. The other chart says that yields are at the bottom looking back to 1790 and there's much room for upside than opposite. One concern : due to weak housing recovery which is the main concern of the FED I think, tapering could be postponed for later in 2014 or even further (less likely but who knows) because sharp rising of the rates could kill any recovery here...and that's not good for UJ. Anyway I'm staying on the bullish side, monthly chart at UJ is looking pretty bullish to me.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-year-treasury-1790.png Size: 61 KB
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,599
  • Oct 29, 2013 2:26pm Oct 29, 2013 2:26pm
I think the main push for this pair might not be coming from US itself although no doubt US effects may contribute to this pair on the upwards/downwards swing by in an 'uptrend' on USD/JPY... Instead im rather expecting the more to come from Japan....

One thing, we've been focusing on the US economy, but on the other part the push factors from the other economy might be the ones in relation...

Just my view....
Sincerely Yours Cheers!
  • #38,600
  • Oct 29, 2013 2:26pm Oct 29, 2013 2:26pm
Quoting eliteincome
{quote} Hello US/JPY A bit off ping pong going on EUR/US reloading,needs to drag in the punters to load up there longs. My long bus is full of US/JPY to 104 + also Holding YEN longs is a bit like owning a bucket with a hole in it, Taking profit now to lighten the load. Could sneak back towards 97 again I will add more small longs:nerd:
Could you really wait for two months? I do not see 104 till next month time
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