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USD/JPY Discussion

  • #47,381
  • Aug 4, 2014 2:28pm Aug 4, 2014 2:28pm
bearish mode still in play

first target 102,27

Venceremos
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  • #47,382
  • Aug 4, 2014 2:31pm Aug 4, 2014 2:31pm
Quoting spinozagr
bearish mode still in play first target 102,27 Venceremos {image}
hope'ly it will bring ej too
G
  • #47,383
  • Aug 4, 2014 2:38pm Aug 4, 2014 2:38pm
So ...................

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  • #47,384
  • Aug 4, 2014 2:44pm Aug 4, 2014 2:44pm
Quoting Ken A
So ................... {image}
I h pendingz down 102,1x
  • #47,385
  • Aug 4, 2014 2:47pm Aug 4, 2014 2:47pm
Quoting 21vs7
{quote} I h pendingz down 102,1x
I wish trading was that easy

IIRC, you've been shorting since 96.00 to 88.00
  • #47,386
  • Aug 4, 2014 3:19pm Aug 4, 2014 3:19pm
Quoting Ken A
{quote} I wish trading was that easy IIRC, you've been shorting since 96.00 to 88.00
wuff that was loong time ago

I I negative
  • #47,387
  • Aug 4, 2014 3:21pm Aug 4, 2014 3:21pm
Quoting 21vs7
{quote} wuff that was loong time ago I I negative
Don't be lazy if you want to trade JPY, check the news and eco data ...........
  • #47,388
  • Aug 4, 2014 3:31pm Aug 4, 2014 3:31pm
Quoting Ken A
{quote} Don't be lazy if you want to trade JPY, check the news and eco data ...........
true
but im gonna try 101.9/102.2 with couple of 30 pippers stops

Then at 99,70 same thing if that doesnt hold

targets round 107/110
__________
concerning ej trade td

you saw what market is td..none
already BE and covered half
  • #47,389
  • Aug 4, 2014 3:39pm Aug 4, 2014 3:39pm
Quoting 21vs7
{quote} true but im gonna try 101.9/102.2 with couple of 30 pippers stops Then at 99,70 same thing if that doesnt hold targets round 107/110 __________ concerning ej trade td you saw what market is td..none already BE and covered half
Correlation with Nikkei was a bit off since the tax hike

But still very tight with US 10 YR note http://www.bloomberg.com/markets/rat...ment-bonds/us/
  • #47,390
  • Aug 4, 2014 3:46pm Aug 4, 2014 3:46pm
Quoting Ken A
{quote} Correlation with Nikkei was a bit off since the tax hike But still very tight with US 10 YR note http://www.bloomberg.com/markets/rat...ment-bonds/us/
so we could be flatish till end of 14

half a year of 100-102 with two tries to the upside only..dont know, looks up. or another few months in hybernation till closer time to fed
  • #47,391
  • Aug 4, 2014 4:44pm Aug 4, 2014 4:44pm
looks like we have a slight downtrend.
exited a couple of my longs on yen @102.600 on the number after not bouncing off of the number nor going through it after retesting it.

I sense a slight downwards movement to 102.400 over the next few hours.
anyone else sense this?
  • #47,392
  • Aug 4, 2014 6:24pm Aug 4, 2014 6:24pm
Going long from 102.25
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  • #47,393
  • Aug 4, 2014 7:03pm Aug 4, 2014 7:03pm
Opportunity for sells (at peak high's depending on your perspective) depending how long you want to take after the current retracement begins to fall off again which is a probability of 102.3, 102.15, and 102.00 as target prices in the next week or less with minor retracements in the pip range of 5 to 15 pips until further and stronger drops. Looks like it peaked out and it could continue to drop.

Any previous attempts at USDJPY being able to hit peaks like this have been countered with harder sell orders to keep it balanced... So 107-110 seems a bit unreasonable and a bit dreamy but who knows...

I think it will fall off to 102.00 and keep doing it's thing and continue to be extremely volatile through the next few weeks like the way it is.

This is not factoring ISM Non-Manufacturing PMI, from which it looks like the forecast is a bit high and may send it trending downward as well.

Cheers!
  • #47,394
  • Aug 4, 2014 7:30pm Aug 4, 2014 7:30pm
i think it'll go up from here.. maybe up to 103.30.. supported from 102.40.
  • #47,395
  • Aug 4, 2014 7:40pm Aug 4, 2014 7:40pm
I think everyone trying to get in below 102.4 may never get a chance
  • #47,396
  • Aug 5, 2014 12:34am Aug 5, 2014 12:34am
I also agree with the rest of the thread members who says 102.40 is a good support for UJ.
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  • #47,397
  • Aug 5, 2014 1:31am Aug 5, 2014 1:31am
Quoting 21vs7
{quote} so we could be flatish till end of 14 half a year of 100-102 with two tries to the upside only..dont know, looks up. or another few months in hybernation till closer time to fed
seen said that yields should be min 4% spread for investors to take any currency risk. fact is fed is ahead of boj and will act accordingly. sep is in line with new plans?

all point to up. if moo private assets move abroad we could get further weakening, otherwizze no real movement it seems
range rover inc
  • #47,398
  • Aug 5, 2014 9:40am Aug 5, 2014 9:40am
US10y yield up 1.15% today and UJ in erection just at the gates of 103, if today doesn't crash this resistance, it would be tough days for the bulls here.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #47,399
  • Aug 5, 2014 10:35am Aug 5, 2014 10:35am
Selling at 102.875, Bulls wont being going much higher; USD/JPY will go down by Friday.
  • #47,400
  • Aug 5, 2014 11:11am Aug 5, 2014 11:11am
Quoting boices
Selling at 102.875, Bulls wont being going much higher; USD/JPY will go down by Friday.
Quoting Yudi1354
Possible short opportunity on UJ {image}
I am also shorted, I think it will touch 101.9x - 102.2x before any bull.
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