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USD/JPY Discussion

  • #44,441
  • Apr 3, 2014 4:31am Apr 3, 2014 4:31am
Quoting eliteincome
Gidday YEN Masters Yeah i still got some longs Closed quiet a few out a bit early never mind. I will keep the rest 104 to 105+ But I get the jitters in this pair now Blink an its zooming back towards the 100
Reversals usually take place on Thursday or Fridays. I will enter a short position after the pop after 104. If it holds the pop over 104 then look for 105. SPX500 going for 1900~1920 before correction and the YEN seems to weaken with the gains of the SPX500 as the dollar strengthens with the gains from SPX500.
  • #44,442
  • Apr 3, 2014 7:10am Apr 3, 2014 7:10am
broken the channel on the 5 minute now, failing to make it back in will be interesting what happens at 1.30
Do what's right for you
  • #44,443
  • Apr 3, 2014 7:34am Apr 3, 2014 7:34am
This baby gonna sink like a rock. I hope.
  • #44,444
  • Apr 3, 2014 7:37am Apr 3, 2014 7:37am
dont know if they can keep it up but the buyers are absorbing a shed load of sells atm
Do what's right for you
  • #44,445
  • Apr 3, 2014 7:37am Apr 3, 2014 7:37am
Lets see what happens when ny opens. Ecb conference going on as well.
  • #44,446
  • Apr 3, 2014 7:41am Apr 3, 2014 7:41am
well PA has been bullish during NY hours of late, if they get involved before it fails then its going up imo
Do what's right for you
  • #44,447
  • Apr 3, 2014 7:44am Apr 3, 2014 7:44am
Lets see how the sp500 reacts first.
  • #44,448
  • Apr 3, 2014 8:11am Apr 3, 2014 8:11am
Ready for 104.30 in 50 minutes and as soon as the options expire.
  • #44,449
  • Apr 3, 2014 8:14am Apr 3, 2014 8:14am
Quoting sakisf
Ready for 104.30 in 50 minutes and as soon as the options expire.
Thats at 11am eastern right?
  • #44,450
  • Apr 3, 2014 8:15am Apr 3, 2014 8:15am
Nope, 10am EST. Seems it is coming earlier now. (I am short btw, it's not my target).
  • #44,451
  • Apr 3, 2014 8:17am Apr 3, 2014 8:17am
People have been calling this to sink since early January but it found good support around 101.50.

Now its going back to previous highs. Only time will tell but this thing looks still very very bullish.
  • #44,452
  • Apr 3, 2014 8:18am Apr 3, 2014 8:18am
There you go, the run came earlier than expected
Sincerely Yours Cheers!
  • #44,453
  • Apr 3, 2014 8:42am Apr 3, 2014 8:42am
I am suprised it is staying ove the 104 strike before expiry
  • #44,454
  • Apr 3, 2014 8:43am Apr 3, 2014 8:43am
Quoting Trendzalore
I am suprised it is staying ove the 104 strike before expiry
I don't do options but I think it is already void since 104 was violated earlier today.

If it wasn't for G/JPY & E/JPY this was going to drop hard too but they kept buying them and despite the EU & GU downslides their JPY prices stayed very high. If it keeps like that then it will go to 105+ without correction again.
  • #44,455
  • Apr 3, 2014 8:46am Apr 3, 2014 8:46am
Quoting Trendzalore
I am suprised it is staying ove the 104 strike before expiry

If you notice the price when it shot passed 103 and above previously, it got a market mean of 102.4 at the time tentatively where its at 105 area.

Technically from the ride of 96 to 105 it reaches consolidation zone. Tentatively the retest of 101.8 in my view is the correction from the major move up 105.

Hence with the retest done, i see it going towards 108 or even 110 higher.

Above are just my personal views which i've been following this pair.

News wise all while since then its about QE Tapering. that enough for the sentiments for 2014. With these news, they're just 'psychology market movers' taking in bank filling.

Just my two cents worth of thoughts and yeah i might be wrong still like i've always mentioned. but nevertheless, so far it's still trying to be right for me

Green pips everyone
Sincerely Yours Cheers!
  • #44,456
  • Apr 3, 2014 8:47am Apr 3, 2014 8:47am
stop up to 103.90 now, locking in 12%
Do what's right for you
  • #44,457
  • Apr 3, 2014 8:48am Apr 3, 2014 8:48am
Quoting DingDongWay
{quote} If you notice the price when it shot passed 103 and above previously, it got a market mean of 102.4 at the time tentatively where its at 105 area. Technically from the ride of 96 to 105 it reaches consolidation zone. Tentatively the retest of 101.8 in my view is the correction from the major move up 105. Hence with the retest done, i see it going towards 108 or even 110 higher. Above are just my personal views which i've been following this pair. News wise all while since then its about QE Tapering. that enough for the sentiments for 2014....
Green pips indeed. At some point this boring range will be a thing of the past. I cant wait.
  • #44,458
  • Apr 3, 2014 8:49am Apr 3, 2014 8:49am
Quoting DingDongWay
{quote} If you notice the price when it shot passed 103 and above previously, it got a market mean of 102.4 at the time tentatively where its at 105 area. Technically from the ride of 96 to 105 it reaches consolidation zone. Tentatively the retest of 101.8 in my view is the correction from the major move up 105. Hence with the retest done, i see it going towards 108 or even 110 higher. Above are just my personal views which i've been following this pair. News wise all while since then its about QE Tapering. that enough for the sentiments for 2014....
positive corelation between s&p 500 and usd/jpy. so according to you if usd/jpy goes to 108 s&p 500 will go to 2000.
  • #44,459
  • Apr 3, 2014 8:56am Apr 3, 2014 8:56am
Quoting giveachance
{quote} positive corelation between s&p 500 and usd/jpy. so according to you if usd/jpy goes to 108 s&p 500 will go to 2000.
Sorry pal i aint following SP500 but in other words, nothing is impossible. most importantly is believing whats unexpected and same time i think we may see the impossible.

With above, nothing is possible too. im just basing on my individual perspective view and analysis be it T/F or P analysis.
Sincerely Yours Cheers!
  • #44,460
  • Apr 3, 2014 9:21am Apr 3, 2014 9:21am
I don't really gets what is happening to the USDJPY pair. ISM Non-Manufacturing PMI and the prior data before it are quite bearish to to USD, but the USDJPY pair never seems to bother about it . I am currently short USDJPY . That is the worse part, any experts care to predict the behavior of this pair for tomorrow's Employment data? Or should I do a SL ?
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