USD/JPY Discussion

Thats just about in the bag for you.

i want more than 102!!! Bring on 100! Lmfao

PS Is that too much to ask for FOREX GODS?

I'M out.I was in 102.60.Pending short order 101.95.

Closed all my shorts. now going to enjoy Labor day

I would get out while the getting is good. This market is just plain wacky. The pair is in the chop zone in this area. You did well to make pips out of it.

I have 60% margin, may I relax ? that is why i am botheret, if i will close some or wait and get some

How high are we going in your opinion? Is 103 possible until end of the week?

Positive ADP non farm employment change + negative employment claim = good NFP???

Any comments?

looks like some estimates may be off???? uh oh usd??

These bulls wont go away!! Keeping this thing afloat. Shoo flies!

Airhole,

What happens to USD/JPY next?

USDJPY heading to 102.430 next.

Howzit UJ

1H

(Soon as you boys have stopped fighting)

Little present in classic formation

Stop being right and start trading

Short cheers

JimmyC, you seem like a nice fellow.

I wish you the best. But this time may not be the time the trend up is broken.

I don't know if USD/JPY will drop, I just think it is time to be wary, very wary.

Go with the flow.

Looks like we have a looney out loose on this thread. Lets ignore and focus on important things.

Going long size in USDJPY (closed out a scalp in NZDUSD from earlier). Have a fairly tight stop at 101.74 and I am targeting a break of recent highs in the 102.8x. The entire bet is effectively a bet on a BIG surprise in the NFP number coming out tomorrow.
Its a tough bet because with the recent data out of the US (particularly the anemic GDP figure yesterday) the hurdle rate just increased. In order to get sustained USD strength the following needs to happen: a) big BEAT in NFP tomorrow b) Q2 GDP coming into an annualized 3-4% range c) ideally, an upward revision of the Q1 GDP >1%.

Obviously a whole hodge podge of things but I do think the US is still strong when you look at the following: a) income/spending etc have had big beats b) Inflation is creeping up and you know the golden relationship for USDJPY: higher 10y US yields = higher USDJPY c) a big snapback will result in a fairly violent rally as a lot of the weak USD longs have been positioned out of the market (based on my reading of the various dealer commentaries daily).

So lets do this. Frustrating pair to trade but still made a little money. Remember to keep the trigger finger quick on surprises. Better to take a x loss than let it build.

Household spending up 7.2% vs 1.7% expected.

To say it didn't have much of an impact on the markets is an understatement.....

Hmm this range last two weeks.

Hi Guys,

Today's Analysis:

USD/JPY on downtrend, retracement at 103.30/35, swing sell with TP1 102.10/15, TP2 102.00/05, TP3101.90/95 If breakout the retracement level, then buy with TP1102.40/45, TP2 102.50/55, TP3 102.65/70

Today's new event:

US NFP: Buy if 230k or better, sell if 180k or less

Gook Luck