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USD/JPY Discussion

  • #48,101
  • Sep 11, 2014 9:27am Sep 11, 2014 9:27am
Down and up 50+ pip so fast
  • #48,102
  • Sep 11, 2014 9:37am Sep 11, 2014 9:37am
Quoting Tobys
Down and up 50+ pip so fast
GJ going though same thing
  • #48,103
  • Sep 11, 2014 9:42am Sep 11, 2014 9:42am
Quoting Pharm0r
{quote} That trade is now at B/E +spread- targeting a new high.
Got the new high, looking to reload longs again
  • #48,104
  • Sep 11, 2014 10:00am Sep 11, 2014 10:00am
Must be Kuroda on TV or something....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,105
  • Sep 11, 2014 10:12am Sep 11, 2014 10:12am
Big guys want high levels. Long
No emotions, just trade
  • #48,106
  • Sep 11, 2014 10:30am Sep 11, 2014 10:30am
As Exodus has mentioned, move likely in reaction to BoJ Kuroda's live appearance on public tv (program called "World Business Satellite")
(Rare for a BoJ top to appear on programs like these)

Cannot say for myself since not much details on English news articles, but based on Japanese viewer feeds, looks like nothing out of the norm was mentioned during the show.

As for me, observing on the sidelines for now...
  • #48,107
  • Sep 11, 2014 11:33am Sep 11, 2014 11:33am
I think I'd rather wait until 106.00 to long again.
  • #48,108
  • Sep 11, 2014 1:53pm Sep 11, 2014 1:53pm
Quoting Pharm0r
I think I'd rather wait until 106.00 to long again.
At this point, I'm not even sure we'll even get back there, especially when a 50 pip retracement is all it takes to send it into new highs. This is Sept 2012 all over again.
  • #48,109
  • Sep 11, 2014 1:59pm Sep 11, 2014 1:59pm
Quoting DonaldPump
{quote} At this point, I'm not even sure we'll even get back there, especially when a 50 pip retracement is all it takes to send it into new highs. This is Sept 2012 all over again.
I'm afraid you are right- if not I'll wait until we build a better support/resistance scenario. 106.83 is looking good...
  • #48,110
  • Sep 11, 2014 2:03pm Sep 11, 2014 2:03pm
Quoting Pharm0r
{quote} I'm afraid you are right- if not I'll wait until we build a better support/resistance scenario. 106.83 is looking good...
thats were i have a buy at.. 106.83 .. hope i didnt miss this train lol
  • #48,111
  • Sep 11, 2014 2:55pm Sep 11, 2014 2:55pm
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  • #48,112
  • Sep 11, 2014 3:11pm Sep 11, 2014 3:11pm
Gidday Yen masters

Being Fly day

I got some pending longs lower 106.5 1075+TP

My YEN bus could do with a we burst

need to ditch some off the freeloaders

before close
  • #48,113
  • Sep 11, 2014 5:04pm Sep 11, 2014 5:04pm
4 days ahead of the next round of FOMC, UJ is at 107. Will it hold?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #48,114
  • Sep 11, 2014 5:21pm Sep 11, 2014 5:21pm
Quoting FXSayWhat
4 days ahead of the next round of FOMC, UJ is at 107. Will it hold?
Hope the Little Grass hoppers

don't pull the plug on my longs

Now that would be nasty
  • #48,115
  • Sep 11, 2014 5:54pm Sep 11, 2014 5:54pm
Quoting eliteincome
{quote} Hope the Little Grass hoppers don't pull the plug on my longs Now that would be nasty
HAHA, where are you aiming at? 110?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #48,116
  • Sep 11, 2014 6:16pm Sep 11, 2014 6:16pm
Quoting FXSayWhat
4 days ahead of the next round of FOMC, UJ is at 107. Will it hold?
This bull trend is too strong. Any possible dips from FOMC will recover and send it to new highs.
  • #48,117
  • Sep 11, 2014 7:19pm Sep 11, 2014 7:19pm
Quoting DonaldPump
{quote} This bull trend is too strong. Any possible dips from FOMC will recover and send it to new highs.
yeah although there isn't any meaningful resistant till 110.00, I except some forms of profit taking while we are heading into FOMC next Wednesday. If Yellen continue downplaying US economy as she usually does in the past couple meetings, I am not surprised to see UJ head back down a bit.

Bottom line is as long as UJ stay above 104.00, bull is intact.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #48,118
  • Sep 11, 2014 8:14pm Sep 11, 2014 8:14pm
Quoting stylinex
YEN looks like it is forming a base here at 107.11-12
Looks like it is forming a second base at 107.14-.15 now
  • #48,119
  • Sep 11, 2014 8:17pm Sep 11, 2014 8:17pm
Quoting FXSayWhat
{quote} yeah although there isn't any meaningful resistant till 110.00, I except some forms of profit taking while we are heading into FOMC next Wednesday. If Yellen continue downplaying US economy as she usually does in the past couple meetings, I am not surprised to see UJ head back down a bit. Bottom line is as long as UJ stay above 104.00, bull is intact.
I think you are right. In order for Japanese manufacturers to be able to make a profit and sustain any growth the YEN needs to drop further to around 110. They need currency at 110 to boost exports and tourism and I believe that they will get it. Next currency to drop after a YEN will be the Chinese Currency CNY
  • #48,120
  • Sep 11, 2014 8:40pm Sep 11, 2014 8:40pm
this pair is rocket...
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