USD/JPY Discussion

ichimoku cloud shows us reversal if we close 30min under it.. ( towards 105.728 )

GL

You really think it will go down that much (105.728 )?

Yes. That aint much... It came much

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Gidday Yen masters

Well one big plus is if we visit 106 area

I will build a we castle to 110

lock in a few smaller longs

Not easy stacking longs with the YEN

get it wrong an

normally the YEN masters will drill you a new asshole

for free

Only way it's going that low is with a spike on the FOMC news.

People, forget the past 8-9 months of low volatility and stop looking at this rally as an extreme. Broaden your timeframe to months/years and you'll see this is going back to business as usual.

Right, so right now we're seeing almost no discernible changes in the USD/JPY price in the past hour (around 170.70-170.90), and the prices remained relatively constant for even longer. Usually this calls for a intraday paradigm shift; a veritable "calm before the storm" if you will.

The only question that stands s whether it'll move a few hundred pips up or down (making it a decent opportunity to scalp) during the Japanese Market hours.

As it stands, the dollar's performance against the yen has been great, almost frighteningly so. But today, while the Empire State Manufacturing index went up, others such as the capacity utilization rate did not meet expectations. but at the same time, the U.S. federal government cut back on its bond spending by $10 billion, which seemed to have provided some reprieve to the dollar from closing below 170. Furthermore, we don't seem to have any forecasts of a major change in Japan's monetary policy, but given the strained limits of Abenomics and a disconcerting lack of serious economic reforms in Japan save for the former, it's doubtful to see the yen making serious headway on its own.

We don't have many events regarding this pair, but one of the more important ones is BOJ's Kuroda's conference tomorrow in about 8 hours or so (on 9/16/2014). After that comes the US PPI. Does anyone think that this currency pair will make any movements in the next few hours? Or will it just sit tight and wait for tomorrow's fireworks?

....ah, so much to scalp, but so little to reliably work with.

We know that this decline in prices is likely temporary in the mid term (still an upward trend up to 110 or lower depending on who you ask)-but I wonder, how long will the 170.0 resistance hold this week? And if so, would that mean there's room to go up to 108.00?

there goes the 9:00pm ET rush .. lol 9pm always shows alot, nice pullback.. reload longs??

tread carefully...

Gidday Yen Masters

Keeping eye on things

They just had bit off rattle an shake going on

better not take a dump

Added more longs below 107 to 108+

Simple if it goes up

I eat steak an beers

If it goes down,its back to instant noodles for a month

looong.....


BOJ KURODA:
~JAPAN STILL HALFWAY FOR 2% PRICE TARGET
~WON'T HESITATE TO ADJUST POLICY FOR 2% TGT IF NEED
~OVERSEAS DEMAND CONTINUES TO LACK MOMENTUM
~HIGH CHANCE THAT JAPAN CAN HIT 2% INFL AROUND FY15

Nothing unexpected from Kuroda. FOMC is still the major fuse.

auction open for 106.80. Anyone lower than that?

i have closed my position at 107.28 just now, i guess i have to wait for further pull back to long again...

Dollar might have problem ?

I think I'm playing this as a scalp......

Long from 107.01

I'd like a little lower....

I took the pips @ 107.15

Fantastic. Just on time...

Only a break of 107.15 can fuel the pair (USDJPY) towards the re-test descending trend line resistance near 107.30, breaking which 108 can't be denied. On the downside, 106.80 and 106.50 becomes crucial support levels for the pair.