USD/JPY Discussion

Apart from the latest part, where you tell me to quit my job (Muachachachaa ), nice post. Though I would agree with Zusch here. Imo markets are currently adapting after primary shock, therefore consolidation range, but underlying fundamentals remain the same. Not only that, but a) BoJ plans to expand monetary policy even further b)Enterprises are doing good as well, so may result in buy on Stocks. Actually not even technically price has space to consolidate till next summer.

Everything is going up, then is going down... This pair lose the 1/4 of his value in 7 months. Can't continue that forever
I can't understand the bullish (uptrend) confidence almost all people in this thread have. Fundamentally both countries is in a big shit and both printing money like crazy,
but japan has the advantage of an economy based on exports.
Maybe european banks (german, france, etc) push that pair down
so that eur/jpy price move down also
German and france cars, are much more expensive than japanese this
year

You've listed the fundamentals for a bullish uptrend

Yes they are printing money, but tapering is on the table for the US whereas Japan won't be doing so anytime soon. Another thing to note... sure it might look like 'shit' in real life, but the market indexes point to Dow Jones being at its highest level ever vs Japan which is nowhere near. This is all on paper though. Markets love to trade on paper.

An exports based economy will favour a weaker currency in order to increase their profits. Hence a weaker Yen will improve the Japanese economy.

The upcoming data from the US will decide the US dollar's direction, generally speaking, a stronger economy warrants the need for an interest rate hike which in turn increases the value of the currency. This is a very generalised statement as it doesn't take into account other factors though (e.g safe haven statuses, money supply etc...)

Strong resistance at 98.75.......any break from here

Sellers 98.80 98.90 99.00 ( stops above) 99.20 99.35 99.50

bold mean big lot... haha.. if there is no big news.. 98.8 tank

Germany also has economy based on exports. If you look at the Euro balance of trade it is always positive by ~10bn every month. This is one of the reasons Euro continues to confound its doom-sayers. I expect today that Draghi will say something to weaken the Euro and maintain the industrial competitive edge.

Japanese cars are cheaper because the manufacturers have long-ago taken steps to manufacture offshore - assisted in the EU by legislation that requires local sourcing of a significant amount of the components. I find it interesting that Honda, Toyota and Nissan can successfully make money with car manufacture in the UK, but previous UK car manufacturers have all foundered. German cars are expensive for two reasons; the marketing departments have excelled themselves at selling the brand(s), and the market is crammed with buyers willing to pay stupid prices for average products. In contrast VW, whose products are excellent when they work IMHO, has established some manufacturing in China in order to keep their prices locally competitive and to take advantage of the cheap labour pool. Considering the relative 'poverty' in China I was surprised at how many of their cars are VW, as observed in a visit there a few years ago.

@ T55 and @ exodus thank you for your comments in my thoughts, and apologize for my english
Generally speaking all that I'm saying is that japan and europe's economy are more competitive
between them than japan to usa, cause both based of exports economy
Europeans can't see yen from 94 to 135 and more up
how much? 140? 150? Can't afford the advantage of so cheap yen and effect to japanese products
So they want this pair more cheap to effect eur/jpy
Its always a currency war.
Just my 2 cents

That's totally understandable and I can see where you're coming from. Most countries will warrant a weaker currency in order to make their exports more competitive and the move up has no doubt impacted their economy.

Countries like Germany however also rely heavily on imports in order to make those exports which is why they favour a stronger Euro (cheaper raw materials to make more expensive goods). The same can't be said about the southern parts of Europe. It's always hard to make an analysis that works out for everyone but in the end, it's the market (whether it's fundamentals, technicals or purely speculative) that decides where it wants to go

Maybe we'll finally get some action today from US GDP and unemployment claims.

98.75 resistance holding well since Asian opening. Lets see....

Monthly, weekly, daily, 4hr, 1hr ALL SAY BUY. Does anyone really want to be short right now?

Momentum is still slow but undoubtedly to the upside. Pretty important hour here. US unemployment in 20 mins.

Not even such a massive money flow like from EU ratecut broke 98,8.. Screw this number. As you said, lets wait for unemployment.

Hopefully. It's getting to the point every pip move is becoming exciting.

Party time!

it hits 99 and past now!!!! Pls rise!!!!

Christmas comes early.....happy green pips!

rise like a rocket rise like someone that took 200 viagra pills.

It really looks like a major hardon in the usdjpy

http://img3.uploadhouse.com/fileuplo...5e5be60141.jpg

Triangle Breakout. MASSIVELY long