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USD/JPY Discussion

  • #51,401
  • Nov 24, 2014 9:57am Nov 24, 2014 9:57am
Quoting ottmnslap
I guess maybe we will se 118.6-7 and then this will take another dive after something like 12 hours. {image} {image}
maybe... it will boost up once BOJ cheif holds the mic... not long now!!
  • #51,402
  • Nov 24, 2014 10:08am Nov 24, 2014 10:08am
Small Bull crown on the min! BOJ meeting minutes will be the start of the next move up IMO
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 137 KB
Good luck and may the odds be ever in your favor!
  • #51,403
  • Nov 24, 2014 10:11am Nov 24, 2014 10:11am
Quoting dbutton1990
Small Bull crown on the min! BOJ meeting minutes will be the start of the next move up IMO {image}
Zooming out on the 5 min shows the bigger picture!
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Click to Enlarge Name: Screenshot1.png Size: 152 KB
Good luck and may the odds be ever in your favor!
  • #51,404
  • Nov 24, 2014 10:17am Nov 24, 2014 10:17am
Still on long, take profit at 119.30 hoping to gain a lot from this beautiful trend
  • #51,405
  • Nov 24, 2014 10:18am Nov 24, 2014 10:18am
Quoting oladinpeter
Still on long, take profit at 119.30 hoping to gain a lot from this beautiful trend
hopefully we see 119xx-120 soon... its been moving way too slow today but been a good push up from friday
  • #51,406
  • Nov 24, 2014 10:20am Nov 24, 2014 10:20am
Quoting poseikwame
{quote} maybe... it will boost up once BOJ cheif holds the mic... not long now!!
I still don't think it is going to have persisten effect, but we will see.
  • #51,407
  • Nov 24, 2014 10:20am Nov 24, 2014 10:20am
Japan has an earthquake on Saturday, what effect will it has on BOJ Chief coming Speech?
  • #51,408
  • Nov 24, 2014 10:24am Nov 24, 2014 10:24am
Quoting poseikwame
{quote} hopefully we see 119xx-120 soon... its been moving way too slow today but been a good push up from friday
Really slow today, it sisters GBp/jpy and Eur/jpy has really done a lot today.
  • #51,409
  • Nov 24, 2014 10:25am Nov 24, 2014 10:25am
Quoting oladinpeter
{quote} Really slow today, it sisters GBp/jpy and Eur/jpy has really done a lot today.
Yes!! About 100+ pips... ssadly i couldnt capitalise on that!!
  • #51,410
  • Nov 24, 2014 10:28am Nov 24, 2014 10:28am
Quoting poseikwame
{quote} maybe... it will boost up once BOJ cheif holds the mic... not long now!!
I think there may be some divergence from the BOJ tonight vs what the government is doing, we have already had some sqeaks from the finance minister, don't be surprised at a more hawkish lean in the press conference, just my 2 cents
  • #51,411
  • Nov 24, 2014 10:30am Nov 24, 2014 10:30am
Quoting poseikwame
{quote} Yes!! About 100+ pips... ssadly i couldnt capitalise on that!!
Ought to trade gpp/jpy I will have got 100+ positive pips
  • #51,412
  • Nov 24, 2014 10:37am Nov 24, 2014 10:37am
Quoting wyley187
{quote} I think there may be some divergence from the BOJ tonight vs what the government is doing, we have already had some sqeaks from the finance minister, don't be surprised at a more hawkish lean in the press conference, just my 2 cents
well the finance minister made a similar talk somewhere aug/sept and that didn't stop the weakening... I think if they really want to boost exports and also protect their stock market like they are currently... a further weakening will have to go ahead before it stabilizes... but they could be a major downer once it hits the top to pick up more longs... until 2nd quarter 2015 YEN is going to be tartass!!
  • #51,413
  • Nov 24, 2014 10:43am Nov 24, 2014 10:43am
Looking to test 117.83 again.
  • #51,414
  • Nov 24, 2014 10:47am Nov 24, 2014 10:47am
I don't think it will change the trend per se, but it could see a nasty dip tonight, with US markets closed thurs and low liquidity following up on fri, it could gain some traction to the downside, I usually trade Gbp/Jpy but the effects on Yen crosses are usually all correlated. good luck on your trade
  • #51,415
  • Nov 24, 2014 10:53am Nov 24, 2014 10:53am
Quoting wyley187
I don't think it will change the trend per se, but it could see a nasty dip tonight, with US markets closed thurs and low liquidity following up on fri, it could gain some traction to the downside, I usually trade Gbp/Jpy but the effects on Yen crosses are usually all correlated. good luck on your trade
Not sure if this was for me. I'll respond anyway

Nothing is changing this trend any time soon. So, I agree with that. We'd need to see much more volatility on D1 and H4 time frames before the trend is even a little bit threatened.

As far as short term, I don't see it getting out of this messy consolidation without another dip or 2. 117.83 area is targeted. It could bounce before it gets down that far, but looking how weak it has become all of a sudden, and didn't even come close to making a new high, I see it bouncing around for a while before it goes back up and leaves 119 behind...
  • #51,416
  • Nov 24, 2014 10:59am Nov 24, 2014 10:59am
hey Benaiah, I should have quoted it but it was meant for Poisekwame, but everything you said, I agree with 100%, I just think the dips could become a little larger and farther down this week
  • #51,417
  • Nov 24, 2014 11:31am Nov 24, 2014 11:31am
Gidday YEN

I got out of my EUR/JPY GBP/JPY longs

Chased longs up

Got a forest of longs in USD/JPY

Its important to keep taking profit

Build the balance,hedging is all good but at some point

it can break out.

Will add longs in the 117 area

Keeping an eye EUR/US as that is looking more active
  • #51,418
  • Nov 24, 2014 11:45am Nov 24, 2014 11:45am
Abe said clear on friday, "Japanese PM Abe says excessively strong JPY has been corrected"
yen above 120 is a toilet paper
if abe want to win the 14/12 votes
must to give to yen some strengthening
so japs voters
will be think their money still value
im expecting yen below 115 since 14 december votes
  • #51,419
  • Nov 24, 2014 11:55am Nov 24, 2014 11:55am
Quoting artocarpus
Abe said clear on friday, "Japanese PM Abe says excessively strong JPY has been corrected" yen above 120 is a toilet paper if abe want to win the 14/12 votes must to give to yen some strengthening so japs voters will be think their money still value im expecting yen below 115 since 14 december votes
BUt if he wants to continue protecting his stock market and capitalise on exports... he has no choice than to get to 120 and then a descent from this level...
  • #51,420
  • Nov 24, 2014 11:58am Nov 24, 2014 11:58am
Quoting eliteincome
Gidday YEN I got out of my EUR/JPY GBP/JPY longs Chased longs up Got a forest of longs in USD/JPY Its important to keep taking profit Build the balance,hedging is all good but at some point it can break out. Will add longs in the 117 area Keeping an eye EUR/US as that is looking more active
Good trades on EJ and GJ... advice on any decent entry level when approaching... Well... hoping for a UJ break out of 118.40-50 range to 119 and beyond by sydney open... EU has been active since the sell off on friday... I missed out on the retrace today so waiting for a good point to enter... but my overall bias on the pair still stands as bearish to the .8400 range.
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