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USD/JPY Discussion

  • #50,021
  • Nov 11, 2014 4:13am Nov 11, 2014 4:13am
Quoting eliteincome
Gidday YEN Took a we short to 114 small one Still in longs to 116+ Has to pull back a tad sooner or later
80 Trillion YEN is no joke. I would hate to bet against the Bank of Japan now with 80 Trillion on hand.
http://townhall.com/columnists/nicho...5411/page/full
  • #50,022
  • Nov 11, 2014 4:26am Nov 11, 2014 4:26am
Quoting stylinex
{quote} 80 Trillion YEN is no joke. I would hate to bet against the Bank of Japan now with 80 Trillion on hand. http://townhall.com/columnists/nicho...5411/page/full
Nikkie is up by 2.05% today, and Dollar Index retraced to daily high, nice opportunity to go short!
  • #50,023
  • Edited 5:14am Nov 11, 2014 4:54am | Edited 5:14am
Quoting Yudi1354
{quote} Nikkie is up by 2.05% today, and Dollar Index retraced to daily high, nice opportunity to go short!
This may go straight to 120.
Just remembered... Today is only Tuesday. Corrections and reversals take place on either Thursday or Friday and the meeting in China is not over yet.
  • #50,024
  • Nov 11, 2014 5:09am Nov 11, 2014 5:09am
is there any chance for correction??
  • #50,025
  • Nov 11, 2014 5:26am Nov 11, 2014 5:26am
Quoting stylinex
{quote} This may go straight to 120. Just remembered... Today is only Tuesday. Corrections and reversals take place on either Thursday or Friday and the meeting in China is not over yet.
Last week, we had a series of good US data but this pair didn't breach 115.600, this pair path is preset it will visit 113.500 zone after that we can see continuation of this pair. then this go straight to 120.
  • #50,026
  • Nov 11, 2014 5:37am Nov 11, 2014 5:37am
Quoting sahayak
is there any chance for correction??
At the moment I don't see any. Maybe small correction but not a big one.
Money never sleeps I can hear the dollar calling me
  • #50,027
  • Nov 11, 2014 5:38am Nov 11, 2014 5:38am
Quoting sahayak
is there any chance for correction??
The correction happened after the NFPs last week.
  • #50,028
  • Nov 11, 2014 5:41am Nov 11, 2014 5:41am
ill TP here....

120 here we come, i expect next few weeks to be same pattern as back in august and september - buy on small dips (dont expect too big of pullbacks)
  • #50,029
  • Nov 11, 2014 5:46am Nov 11, 2014 5:46am
it means USDJPY Sell should be skip for now?
  • #50,030
  • Nov 11, 2014 5:46am Nov 11, 2014 5:46am
Quoting Yudi1354
{quote} Last week, we had a series of good US data but this pair didn't breach 115.600, this pair path is preset it will visit 113.500 zone after that we can see continuation of this pair. then this go straight to 120.
But now, UJ has arrived 116, maybe my short position will surrender
  • #50,031
  • Nov 11, 2014 6:22am Nov 11, 2014 6:22am
USDJPY is likely to test resistance turned support level near 115.70 before rallying again to 116.10; however, 117.50 can become important resistance for the pair. On the downside, there are multiple horizontal supports as signaled in the chart.
Attached Image (click to enlarge)
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  • #50,032
  • Nov 11, 2014 6:25am Nov 11, 2014 6:25am
There is a shi* load of Chinese tourists these days in Japan and due to the weak YEN the government is very happy as this brings in more tourists to prop up local sales and fill up them local hotel rooms along withe empty restaurants which are waiting to be filled. The Japanese are trying to cash in on all the new rich Chinese tourists that are now traveling abroad and spending money. I think they have seen how many have started to travel abroad and now want a piece of that market.
  • #50,033
  • Nov 11, 2014 6:57am Nov 11, 2014 6:57am
U J - now SP500
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPY_H4.gif Size: 132 KB
Click to Enlarge Name: _US500_dzienny.png Size: 77 KB
  • #50,034
  • Nov 11, 2014 8:10am Nov 11, 2014 8:10am
Quoting Fx_Anil
USDJPY is likely to test resistance turned support level near 115.70 before rallying again to 116.10; however, 117.50 can become important resistance for the pair. On the downside, there are multiple horizontal supports as signaled in the chart. {image}
I agree, 117.50 looks like important resistance as 114 act as a strong level of support.
  • #50,035
  • Nov 11, 2014 8:20am Nov 11, 2014 8:20am
Quoting csc2009
{quote} I agree, 117.50 looks like important resistance as 114 act as a strong level of support.

Ready for the fall ??!!??
“Don't cry because it's over, smile because it happened.”
  • #50,036
  • Nov 11, 2014 8:24am Nov 11, 2014 8:24am
totally didn't see 116 coming till like tomorrow.... This pair has fucked me over twice now.
  • #50,037
  • Nov 11, 2014 8:43am Nov 11, 2014 8:43am
Quoting dbutton1990
Next stop is 116, a retrace maybe to about 115.5x and then up to 118. Have a great week guys!
You guys ready for 118?
Good luck and may the odds be ever in your favor!
  • #50,038
  • Nov 11, 2014 8:54am Nov 11, 2014 8:54am
Quoting stylinex
{quote} No one said anything at the meeting so this was basically a green light for Japan to continue with its devaluation of their currency. I just got word that there would be no retrace or bounce and that it would be a straight downward decline for the Japanese YEN. Looks like Obama gave him the green light by turning blind eye. Funny world we are in today about hypocritical people are. Had the Chinese YUAN just declined 15% the US would be up in arms complaining about China using their currency as a means to boost their exports while when Japan...
It's funny that we fine banks and jail traders that try to manipulate rates but turn a blind eye as central banks play that game
  • #50,039
  • Nov 11, 2014 11:25am Nov 11, 2014 11:25am
Previous resistance becoming future support here at the 115.50 level. Good buy opportunity here.
Good luck and may the odds be ever in your favor!
  • #50,040
  • Nov 11, 2014 11:40am Nov 11, 2014 11:40am
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