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USD/JPY Discussion

  • #45,201
  • Apr 24, 2014 9:25am Apr 24, 2014 9:25am
https://pbs.twimg.com/media/Bl1dXQ3IYAAFslZ.jpg:large
  • #45,202
  • Apr 24, 2014 9:35am Apr 24, 2014 9:35am
The Russians are coming, The Russians are coming!
  • #45,203
  • Apr 24, 2014 9:53am Apr 24, 2014 9:53am
Yes, LONG here

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  • #45,204
  • Apr 24, 2014 10:11am Apr 24, 2014 10:11am
Why the thread is going quiet
  • #45,205
  • Apr 24, 2014 10:16am Apr 24, 2014 10:16am
Quoting Ken A
Why the thread is going quiet
I wouldn't put much faith in this small move up... just few words from Putin is enough to plunge it... wait until he acts
  • #45,206
  • Apr 24, 2014 10:22am Apr 24, 2014 10:22am
Agree.

It will plunge when asia opens........

YEN will strengthen.
  • #45,207
  • Apr 24, 2014 10:41am Apr 24, 2014 10:41am
Quoting Trader221
{quote} I wouldn't put much faith in this small move up... just few words from Putin is enough to plunge it... wait until he acts
Oh what should I do
  • #45,208
  • Apr 24, 2014 10:46am Apr 24, 2014 10:46am
Quoting Ken A
{quote} Oh what should I do
Take profit here and go short

Wouldn't want to say told you so
  • #45,209
  • Apr 24, 2014 10:50am Apr 24, 2014 10:50am
Quoting Trader221
{quote} Take profit here and go short Wouldn't want to say told you so
If you got insider info - please gimme a call at 555-KENNETH
  • #45,210
  • Apr 24, 2014 10:57am Apr 24, 2014 10:57am
Quoting Ken A
{quote} If you got insider info - please gimme a call at 555-KENNETH
No fax... sorry... but here is what I wanted to fax over:
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  • #45,211
  • Apr 24, 2014 3:13pm Apr 24, 2014 3:13pm
Quoting Trader221
{quote} Not really... it's the 40,000 Russian soldiers on the Ukraine border
Short @ 102.32. C'mon Putin, invade!! Be a man, take back what the west has taken from you!! Make Mother Russia whole again!!

Glory to Arstotzka!
Make your losses in demo. Earn your profits live.
  • #45,212
  • Apr 24, 2014 3:40pm Apr 24, 2014 3:40pm
Quoting JTattheRanch
It's that dork obama, he's trying to end currency trading. So he's making all the currency just stay the same.
Sorry, I haven't been here in a while and I just saw this post. Could you please elaborate more, JT? Or anyone who knows about this topic?

That would be absolutely disastrous if it were true. I already hate Obama, but this would make me hate him a heck of a lot more.

I know he has talked about and wants to end currency manipulations (ie: China), but to put an end to currency trading in general? Is that even possible?
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  • #45,213
  • Apr 24, 2014 5:26pm Apr 24, 2014 5:26pm
"someone" doesn't want to see UJ under 102.20 so if this support holds, good for buyers. that "someone" maybe waits for more weak hands to give up and start another bull run. anyway, if Japan's Government Pension Investment Fund starts to reallocate assets from JGB to other stuff in the world, there goes our UJ to new highs.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #45,214
  • Apr 24, 2014 5:51pm Apr 24, 2014 5:51pm
Quoting bikov
"someone" doesn't want to see UJ under 102.20 so if this support holds, good for buyers. that "someone" maybe waits for more weak hands to give up and start another bull run. anyway, if Japan's Government Pension Investment Fund starts to reallocate assets from JGB to other stuff in the world, there goes our UJ to new highs.
Nobody wants JGBs if inflation shoots over 2%. Im sure the vast reason JGBs were so popular was Japan's deflation. A 2% inflation with a .6% JGB, that -1.4% return. Eh. If inflation beats expectations, USDJPY will sink because the BOJ won't add additional stimulus.

We'll see though whether or not CPI slows. It was flat last three months, wouldn't be surprised for a down tick.
When the facts change I change my mind, what do you do sir
  • #45,215
  • Apr 24, 2014 6:07pm Apr 24, 2014 6:07pm
Closer to "the moment of truth" for Abenomics. Will the jump from 5 to 8% combs tax work the full 100% ?
The BOJ is counting on it to finally break the long term cycle of deflation. It might give a beyond expectations inflation boost in the short term but what about the long? It is interesting for all the capitalistic soap (bell) opera's with aging populations. Enjoy the "improved" ride and hang on not only with up and down but the extra dimension of spinning now too...
  • #45,216
  • Apr 24, 2014 6:18pm Apr 24, 2014 6:18pm
Agree about the lack of another stimulus in a case of > 2% inflation, but the case for reallocation to another markets remains and that would put a pressure to Yen. There are few very important factors for the drive here: tapering in USA, stock indices, inflation in Japan, already mentioned possible move from JGB to other markets.. but in order to avoid confusion and uncertainty( no one knows for sure which factor will prevail ) we have the chart and it says 102.20 solid support. if that falls, there's 101.30 and if that falls - longs should be closed.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #45,217
  • Apr 24, 2014 6:32pm Apr 24, 2014 6:32pm
Both measures came in lower than expected. Inflation, again, remained flat. One would assume the BoJ will stimulate to some degree.

Let's see how the market takes it.
When the facts change I change my mind, what do you do sir
  • #45,218
  • Apr 24, 2014 7:23pm Apr 24, 2014 7:23pm
If this SPX and USDJPY correlation keeps up I dont see how this pair doesnt fall significantly int he next couple of weeks. Stocks look shaky, and the USDJPY has been in a range/bear flag for 3 months now.
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  • #45,219
  • Apr 24, 2014 7:25pm Apr 24, 2014 7:25pm
Quoting Citiboy
If this SPX and USDJPY correlation keeps up I dont see how this pair doesnt fall significantly int he next couple of weeks. Stocks look shaky, and the USDJPY has been in a range/bear flag for 3 months now. {image}
My mind is in the exact same place, on top of that CAD still favors a lower price currency, CADJPY looks pretty expensive right about now!
All posts are my personal opinion
  • #45,220
  • Apr 24, 2014 7:26pm Apr 24, 2014 7:26pm
Quoting Citiboy
If this SPX and USDJPY correlation keeps up I dont see how this pair doesnt fall significantly int he next couple of weeks. Stocks look shaky, and the USDJPY has been in a range/bear flag for 3 months now. {image}
Maybe. But even in the channel, the major moves have made higher highs, higher lows. Could fall to trend line and bounce higher. It's in the BoJ's hands, and IDK if traders wanna step in front of that train.
When the facts change I change my mind, what do you do sir
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