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USD/JPY Discussion

  • #43,361
  • Feb 20, 2014 2:45am Feb 20, 2014 2:45am
4HR needs to close below 101.666() if we are to test Monday's low - 101.380
  • #43,362
  • Feb 20, 2014 3:59am Feb 20, 2014 3:59am
On the fundamentals/correlation front... I am looking for some long side exposure other than USD. I am currently short EUR,GBP,AUD,NZD and CAD... however I desperately need a long other than USD. I figure the obvious option is long jpy. I am bearish on stocks at these levels, especially after the bad HSBC China and Fed minutes. However recently it seems that USDJPY has lost its convenient correlation with the S&P 500 that it had going for a few weeks there in January. I worry that now that the extreme short yen positioning has be pared back from -140k when USDJPY was 105 to around current levels of 70k... there isnt as much risk off "pop" to being long JPY. As shorts get washed out the fundamentals seem to take over again, especially have Japan's reent horrible GDP number.

Any thoughts?
Twitter: @TrendersGame
  • #43,363
  • Feb 20, 2014 4:13am Feb 20, 2014 4:13am
im hoping for bad news this afternoon from the US to present a buying opportunity

@cityboy don't know how you can trade so much at once, i'm usually 1-2 trades running at any time, 3 if there are some exceptional opportunity. each to their own though, guess your trading style is different to mine.
Do what's right for you
  • #43,364
  • Feb 20, 2014 4:16am Feb 20, 2014 4:16am
Why not? I have over 100 running orders at any one time

But only anal-ysing things that can impact the trades
  • #43,365
  • Feb 20, 2014 4:20am Feb 20, 2014 4:20am
Quoting Ken A
Why not? I have over 100 running orders at any one time
100 different charts ?

or just multiple on a few?
Do what's right for you
  • #43,366
  • Edited 4:34am Feb 20, 2014 4:22am | Edited 4:34am
Quoting momochi
{quote} 100 different charts ? or just multiple on a few?
About 20 pairs

Attachment
  • #43,367
  • Feb 20, 2014 4:26am Feb 20, 2014 4:26am
wow well your trading style is very different to mine, what ever works for you and your method of thinking is best. we are all different.
Do what's right for you
  • #43,368
  • Feb 20, 2014 4:34am Feb 20, 2014 4:34am
Strong response seen in this pair since hitting 101.66. Just no follow through to the short side to convince me to hold onto my short.
Closed shorts for now.

Possibly needs more retailers to long this pair before it reverses for good
  • #43,369
  • Feb 20, 2014 7:20am Feb 20, 2014 7:20am
Walmart posted 21% drop in quarterly earnings, with a downbeat forecast for the coming year.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,370
  • Feb 20, 2014 7:23am Feb 20, 2014 7:23am
Quoting Ken A
Why not? I have over 100 running orders at any one time But only anal-ysing things that can impact the trades




Look Sharp/Trade Tight
  • #43,371
  • Feb 20, 2014 7:30am Feb 20, 2014 7:30am
Quoting Exodus
Walmart posted 21% drop in quarterly earnings, with a downbeat forecast for the coming year.
Let me guess...they going to blame the bad weather
  • #43,372
  • Feb 20, 2014 7:34am Feb 20, 2014 7:34am
well not quite what i was hoping for but got some at 102
Do what's right for you
  • #43,373
  • Feb 20, 2014 7:37am Feb 20, 2014 7:37am
Quoting momochi
well not quite what i was hoping for but got some at 102
notice UJ starts moving 3 min after US data
  • #43,374
  • Feb 20, 2014 7:40am Feb 20, 2014 7:40am
Feds stimulus sure curbed volatility.
  • #43,375
  • Feb 20, 2014 7:45am Feb 20, 2014 7:45am
Quoting Citiboy
On the fundamentals/correlation front... I am looking for some long side exposure other than USD. I am currently short EUR,GBP,AUD,NZD and CAD... however I desperately need a long other than USD. I figure the obvious option is long jpy. I am bearish on stocks at these levels, especially after the bad HSBC China and Fed minutes. However recently it seems that USDJPY has lost its convenient correlation with the S&P 500 that it had going for a few weeks there in January. I worry that now that the extreme short yen positioning has be pared back from...
Yeah...UJ has lost some correlation with the sp500.

Someone on CNBC saids that UJ is now moving with the 10-year step by step
  • #43,376
  • Feb 20, 2014 7:59am Feb 20, 2014 7:59am
Quoting momochi
well not quite what i was hoping for but got some at 102
stop moved to BE, my work done for the day
Do what's right for you
  • #43,377
  • Feb 20, 2014 8:46am Feb 20, 2014 8:46am
Quoting PayTheLimit
{quote}




  • #43,378
  • Feb 20, 2014 9:43am Feb 20, 2014 9:43am
Really need a range break above 102.7 this has been trapped at these levels far too long. Yesterdays tradd stopped out break even but entered new lkng at fib level. Hopefully second time good.
  • #43,379
  • Feb 20, 2014 9:55am Feb 20, 2014 9:55am
Quoting Ringwraith
Really need a range break above 102.7 this has been trapped at these levels far too long. Yesterdays tradd stopped out break even but entered new lkng at fib level. Hopefully second time good.
reasoning the same thing, but on the other (101,50) side
Don't be a hero. Don't have an ego. Always question yourself
  • #43,380
  • Feb 20, 2014 10:29am Feb 20, 2014 10:29am
USDJPY Long: Insane buying going on in USDJPY. I am long @ 102.30 for a move up to 103.25. This thing is ripe to spring up, the MM have accumulated what they wanted now they want to see sweet signs ($$$) of profit ring in.
Its all in the mind.
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