USD/JPY Discussion

UJ down to break 100 (yen safe heaven again) , EU down fundamentaly and also because germany addicted to russian gas
Great opportunity to short EJ

((

I have USDJPY for 101.97, really not sure what to do, sell now and lose or wait at for at least 101.90, hope it will be 102.10

Well I am short on UJ for several reasons. Fundamentally, if Yen is really considered as the safe haven now, it will gain further value if this Ukrainian crisis deepens. Given that the last NFP number is less than expected so that puts the possibility of a Fed rate rate hike little bit further back.

Technically, we are actually in a consolidation phrase right now with everything in a tight range but favoring more on the downside.

MY 2 cents.

As Ukrainian I think that "war conflict" almost end, USD vs UAH is lower now from 12.5 UAH to 11.5 UAH, so everything is more stable here.

+1

On its way to 102 soon. Be patient

CPI data is going to shoot over 2.0% JGBs are going to get slaughtered holding at a very rewarding .60 percent yield. I'm watching the yen futures come in, nothing but red. That Chinese GDP comes in under, could see easy .5 percent upside.

Thanks Exo! Should've shorted again @ 101.9. Damn you, Cities in Motion!!!

I have been saying it will go short soon for the past few days but now I am not so sure. The reason being Points of control are stacking below price and price held above 101.41 when it looked like it should have definitely pushed through it this last time. I still think a drop is coming but 102.97-99 may come first. To me not really worth going long til past 102.33 and not worth shorting til past 101.39-41.

Just put in another short @101.87. 101.87 seems to be the resistence for the time being. USD is propped up a little bit by the little sell-off in NZD but should go down soon.

Waiting for FOMC Member Narayana Kocherlakota, maybe this will help

I don't know why either. They probably just want to trap as many shorts as they can... that'd be my guess! Apparently, good things take time.

104 is one of my target but need to see how it behaves after the breakout if it happens.
Actually 102 has already been broken yesterday slightly. This level could be tested for a while before it moves more impact fully.
We often hear that usually after a long range, the breakout will be extensive and can be fast and furious. So 104 could happen but we cant write off the possibility of the other side.


There are many times when I was impatient and I cut loss when I was in such whipsaw. End up you realize losses that you could have avoided if you could hang on.

I dont think we can deny the potential of upside but just when. I think 101.97 is not a terrible buying point. Just that it is facing lots of resistance there at the moment so your heart needs to be strong. 101.3 is still holding up and there is still high interest of buying in the last drop. I will take the risk for the potential rewards. However, I would be wary when it gets back down to test 101.2. if that is broken, esp fast and furiously, a new year low might even happen.

Sometimes it may not be bad to exit your position cos you may re-enter at an even better price. There have been times I thought of exiting my "high" longs but I didnt cos I was hoping the price will go up from then but it didnt happen.

I am more in a dilema where to put my SL. For those who are holding on to longs, where is your SL now? Because I think anything lesser than 101.3 are all very attractive prices to buy. I think setting good SL is a skill hard to master. Would appreciate any tips or sharing of your SL style.

Sale at102.30ish

102 is now support

not for a long time . let's wait nd see

102.3 possible?

yes 102.25 ish maby 102.30

Had to bring this one up. It was contrary to my thoughts..........but appears to be spot on right now. We will see if price can keep going up.