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USD/JPY Discussion

  • #48,961
  • Oct 13, 2014 1:22am Oct 13, 2014 1:22am
Quoting Exodus
{quote} I woke this morning believing that Ebola is now driving the markets. There is going to be a massive shrinkage in passenger movements which will hit tourism hard, also hitting the carriers and airlines. Definitely this is risk-off. It will be temporary, several months, but until this outbreak is believed to be under control the public will be in a state of mild panic; less mild in certain areas.
if fomc ceases bond buying (qe3) for good end of this month, i dont think ebola will hold down the dollar continuation up north..

i do believe ebola is taking a toll though, and if ebola does happen to have a continuing outbreak here and in eur, (which i think might be,) then you are right, and everybody better hold on

key speech for yellen at end of this week also..
  • #48,962
  • Oct 13, 2014 1:45am Oct 13, 2014 1:45am
Quoting Liam0530
{quote} if fomc ceases bond buying (qe3) for good end of this month, i dont think ebola will hold down the dollar continuation up north.. i do believe ebola is taking a toll though, and if ebola does happen to have a continuing outbreak here and in eur, (which i think might be,) then you are right, and everybody better hold on key speech for yellen at end of this week also..
Yeah, it is not that the US$ will be weak it is that the Yen will become strong with risk-off. Stronger than the dollar.

However on a positive note....
"An influential economist in Japan on matters of the yen said last week that a 106-111 USDJPY range for the near term is a reasonable assumption. “A weak yen is no longer a plus for the Japanese economy, particularly if it weakens to 115-120 to the dollar; the negatives would outweigh the benefits,” Eisuke Sakakibara - known as “Mr Yen” - told Reuters on Friday."
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,963
  • Oct 13, 2014 1:55am Oct 13, 2014 1:55am
Quoting Exodus
{quote} Yeah, it is not that the US$ will be weak it is that the Yen will become strong with risk-off. Stronger than the dollar. However on a positive note.... "An influential economist in Japan on matters of the yen said last week that a 106-111 USDJPY range for the near term is a reasonable assumption. “A weak yen is no longer a plus for the Japanese economy, particularly if it weakens to 115-120 to the dollar; the negatives would outweigh the benefits,” Eisuke Sakakibara - known as “Mr Yen” - told...
true
yeah i just read that a little while ago also, the makers will def keep prices between this level for a few months... even looks like the way it did a few years back.
  • #48,964
  • Oct 13, 2014 2:29am Oct 13, 2014 2:29am
Quoting Greenstar
I have had success using Action Forex's Action Insight levels on all the pairs they cover and they are in agreement with your pending long, and mine. http://www.actionforex.com/action-in...sdjpy-outlook/ {quote}
Action Forex? I got to check it out, thanks.
  • #48,965
  • Oct 13, 2014 7:40am Oct 13, 2014 7:40am
Quoting Trendzalore
Well I am long @ 107.21 SL 106.75 TP 108.30 with my eye on 107.90 cause I see supply there.
Sticking to this
  • #48,966
  • Oct 13, 2014 11:37am Oct 13, 2014 11:37am
My Thoughts on the usdjpy. I am bullish. The upmove might have even started. As we speak price is 107.47. I will get involved on a break of 107.56

Olu
Attached Images
If you think you can or cannot do it you are correct
  • #48,967
  • Oct 13, 2014 1:48pm Oct 13, 2014 1:48pm
Hello Yen masters

In longs already,but had ditch a load above 109 etc

Reading FXCM daily they mention sub 107 etc

Got a few pending longs around 106.5+

Will keep them to 109+ etc

Got to be care full as this retrace may continue

fool us all into loading up again
  • #48,968
  • Oct 13, 2014 2:18pm Oct 13, 2014 2:18pm
Quoting eliteincome
Hello Yen masters In longs already,but had ditch a load above 109 etc Reading FXCM daily they mention sub 107 etc Got a few pending longs around 106.5+ Will keep them to 109+ etc Got to be care full as this retrace may continue fool us all into loading up again
Thats what im thinking. I thinking it will ge back to 107.80 -108.30 area and then drop.
  • #48,969
  • Oct 13, 2014 2:49pm Oct 13, 2014 2:49pm
I short U/J at 107.10. Will U/J reach support channel in 1 day chart? What do you think about it?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy-m15-alpari-uk-ltd.png Size: 56 KB
Click to Enlarge Name: usdjpy-d1-alpari-uk-ltd.png Size: 52 KB
Keep Simple...!
  • #48,970
  • Oct 13, 2014 2:59pm Oct 13, 2014 2:59pm
Quoting eliteincome
Hello Yen masters.... fool us all into loading up again
Have you recently seen DXY chart?
The Market pays you to be disciplined
  • #48,971
  • Oct 13, 2014 3:09pm Oct 13, 2014 3:09pm
Double bottem forming on the hourly?
  • #48,972
  • Oct 13, 2014 3:10pm Oct 13, 2014 3:10pm
Quoting Trendzalore
{quote} Thats what im thinking. I thinking it will ge back to 107.80 -108.30 area and then drop.

Hi T

I was also of the opinion that usdjpy will hold 107 and rally to 108 but right how that idea is hanging by a thread
If you think you can or cannot do it you are correct
  • #48,973
  • Oct 13, 2014 3:23pm Oct 13, 2014 3:23pm
I'm short from 107,36 targeting 106,6. After that some consolidation and in the second part of the week rocket ride up.
  • #48,974
  • Oct 13, 2014 3:25pm Oct 13, 2014 3:25pm
107 gone.
  • #48,975
  • Oct 13, 2014 3:29pm Oct 13, 2014 3:29pm
We're now at pre-FOMC levels. This could easily be heading back down to previous YTD high around 105.40.
  • #48,976
  • Oct 13, 2014 3:59pm Oct 13, 2014 3:59pm
right at end of US session, it busts right through 107.. amazing.

if i wasnt long i would finally be thinking about shorting (scalps) because the selling is no joke

def agree with 105.5 is possible
  • #48,977
  • Oct 13, 2014 4:04pm Oct 13, 2014 4:04pm
Quoting Liam0530
right at end of US session, it busts right through 107.. amazing. if i wasnt long i would finally be thinking about shorting (scalps) because the selling is no joke def agree with 105.5 is possible
Maybe I am just stubborn but so long as 106.75 holds this is going back to 107.80 -90. I think so because it is still at supply
  • #48,978
  • Oct 13, 2014 4:10pm Oct 13, 2014 4:10pm
Quoting Olu
{quote} Hi T I was also of the opinion that usdjpy will hold 107 and rally to 108 but right how that idea is hanging by a thread
A very thin thread. My sl is 106.75. If it fails I will not be shorting I will wait for buy re entry
  • #48,979
  • Oct 13, 2014 4:16pm Oct 13, 2014 4:16pm
Very near what I think is the bottom. Took another buy at 106.89. Same stop of 106.75. Put a 60 pip trailing stop on the 2nd trade.
  • #48,980
  • Oct 13, 2014 4:44pm Oct 13, 2014 4:44pm
Quoting Trendzalore
{quote} Maybe I am just stubborn but so long as 106.75 holds this is going back to 107.80 -90. I think so because it is still at supply
shit im with you too, opened another long at 106.8

jus saw on cnbc a gentleman saying how its very awkward this dollar sell off, eur usd went up 70 pips in last hour of US session, usd jpy drops straight through 107. support, for absolutely no reason, just crazy stuff, hes right, but hey, this is forex lol

BoJ easing, eur having trouble and also easing, fed on its way to ending qe3, good data coming in, possible rate hike in summertime, all points to the way the market should be going (dollar bulls), i agree, but also remember, market never goes the way it should, thats why only the best can profit in this market :nerd:

i do find it very weird though, shake out before roller coaster ride up im still thinking.
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