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USD/JPY Discussion

  • #46,161
  • May 21, 2014 1:37am May 21, 2014 1:37am
Quoting Fx-gtg
Last 3 BOJ Press Conferences helped bit with JPY strength. BOJ in less than 14 hrs
more of the same
  • #46,162
  • May 21, 2014 1:40am May 21, 2014 1:40am
Aw shit, just got stopped out

Time to buy 2x more to recover this loss, i know its not a good habit, but in this case i`m certain of bullish sentiment...
"There's a sucker born every minute" - P.T. Barnum
  • #46,163
  • May 21, 2014 1:43am May 21, 2014 1:43am
Quoting Proximus
Aw shit, just got stopped out Time to buy 2x more to recover this loss, i know its not a good habit, but in this case i`m certain of bullish sentiment...
You have to be joking!!
  • #46,164
  • May 21, 2014 1:45am May 21, 2014 1:45am
Fml
Doc K
  • #46,165
  • May 21, 2014 1:48am May 21, 2014 1:48am
Quoting Proximus
Aw shit, just got stopped out Time to buy 2x more to recover this loss, i know its not a good habit, but in this case i`m certain of bullish sentiment...
I'm doing the same, this bish cannot go any lower.
  • #46,166
  • May 21, 2014 1:54am May 21, 2014 1:54am
Quoting californiaki
{quote} I'm doing the same, this bish cannot go any lower.
dont be so sure. it hasnt made a daily move of 100-150 pips in any direction in a long time.
  • #46,167
  • May 21, 2014 1:57am May 21, 2014 1:57am
there goes UJ.. and it CAN go lower, it's not forbidden by any law .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #46,168
  • May 21, 2014 1:59am May 21, 2014 1:59am
Quoting bikov
there goes UJ.. and it CAN go lower, it's not forbidden by any law .
I will bet you a buck that's a fake break out.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #46,169
  • May 21, 2014 2:03am May 21, 2014 2:03am
BOJ’s Kuroda says.

  1. QE has pushed up demand
  2. revealed supply side constraints that had been hidden
  3. improving conditions in wages and labor market becoming more clear
  4. tight labor market will make it easier for wages to rise
  5. tackling labor shortages will be key issue from now on
  6. not worried about state of US economy
  7. expects US economic growth to speed up

Yen strengthens and breaks below 101.00.

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #46,170
  • May 21, 2014 2:03am May 21, 2014 2:03am
Quoting californiaki
{quote} I'm doing the same, this bish cannot go any lower.


famous last words!! It can go a lot lower
  • #46,171
  • May 21, 2014 2:05am May 21, 2014 2:05am
Quoting FXSayWhat
{quote} I will bet you a buck that's a fake break out.

not sure, all I know is that my long at EU saves the day and euro right now with yen are the best indicators of the dollar weakness. if indices continue to fall today I don't see much chance for UJ to survive. I'm long term UJ bull but I have to be realist when I see the charts. will watch the US10y yield also, if it falls bellow 2.5% we may see UJ < 100 .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #46,172
  • May 21, 2014 2:13am May 21, 2014 2:13am
Nobody can accuse the JPY of being predictable.

Trading this thing the last couple of months has been 'entertaining', to say the least.
  • #46,173
  • May 21, 2014 2:27am May 21, 2014 2:27am
Quoting cat
{quote}[/color][/highlight][/b] famous last words!! It can go a lot lower
oh man, it can go much much lower, Geopoliticals risks in the world are driving this pair + positive data from Japan.
If USA Stock market goes in a correction 96 is still a very easy target.
  • #46,174
  • May 21, 2014 2:47am May 21, 2014 2:47am
Quoting KecoaKecil
{quote} It could test 100.00, good probability it will.
Ehmm, not today .. tomorrow perhaps?
Don't blame the tools. Blame the carpenter.
  • #46,175
  • May 21, 2014 3:11am May 21, 2014 3:11am
100?

What drive the market? what is the currently economy condition? what does fed's next move based on the conditions on the table?

now, is 100 reasonable?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #46,176
  • May 21, 2014 3:21am May 21, 2014 3:21am
Yellens speak in few hours could show us whether 100 is digestable or not
Heed the lessons of failure.
  • #46,177
  • May 21, 2014 3:24am May 21, 2014 3:24am
Quoting Proximus
Aw shit, just got stopped out Time to buy 2x more to recover this loss, i know its not a good habit, but in this case i`m certain of bullish sentiment...
If you lose a trade, it is not always just your trade to blame - IMO. It is sometimes the condition of the market.

So, it is therefore the decision to enter any given market that matters, as your trade does.

In other words, you may want to refrain from these market conditions because they are very unfriendly at the moment. (IMO)
  • #46,178
  • May 21, 2014 3:33am May 21, 2014 3:33am
Quoting Donika
Yellens speak in few hours could show us whether 100 is digestable or not
She is going to say something like this,

  1. retail shows very weak recovery
  2. house shows very weak recovery

Along with noticeable growth in

  1. Job
  2. Manufacturing

Mixed news makes no further rate decision, 101.00 level probably will continue to hold for the time being.

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #46,179
  • May 21, 2014 3:36am May 21, 2014 3:36am
When did Yellen revise the forward guidance and took out the 6.5% job target? what was the support since?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #46,180
  • Edited 3:53am May 21, 2014 3:41am | Edited 3:53am
If the growth isn't strong enough to obtain a solid and clear rate decision target, i don't see why 101.00 wouldn't hold for another month. It has been hold for months, didn't it?
Speaking of Yen, Jap's monetary policy is QE and weak yen, that would be another reason why UJ shouldn't be tanking.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
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