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USD/JPY Discussion

  • #52,481
  • Dec 5, 2014 3:53am Dec 5, 2014 3:53am
Quoting forexings
Just wonder why BOJ don't control yen free fall. They are hurting their importers. How they manage to export without importing raw materials or machines. That's too much
Japan does not care too much about imports. They care more about exports. Their local economy depends mostly on locally made products. Their goal is to support their manufacturers to help them compete with China and South Korea. They have lost their competitiveness abroad and their products abroad are not selling like they used to. Their locals were going abroad spending money abroad instead of locally. You used to see a Japanese man sitting in Thailand with 3 Thai women at a restaurant in Bangkok but that has now changed. With the locals at home and the tourists from China and other parts of Asia flocking to Japan his will help the local economy and help boost local spending. The currency will turn around in my opinion after the 2020 Olympics. Bearish on YEN until 2020 and bullish after.
  • #52,482
  • Dec 5, 2014 3:53am Dec 5, 2014 3:53am
Quoting forexings
Just wonder why BOJ don't control yen free fall. They are hurting their importers. How they manage to export without importing raw materials or machines. That's too much
They will cry later
COT: The precious data ignored
  • #52,483
  • Dec 5, 2014 3:58am Dec 5, 2014 3:58am
Mates what's next?
122 or 118 ?
  • #52,484
  • Dec 5, 2014 3:58am Dec 5, 2014 3:58am
wish i didnt TP on my long already...

got in a quick 40 pips today.. not bad

i know that if nfp print is good.. we will shoot up and right back down just as fast..

so... i have a buy limit set up at 119.05

levels are high.. wouldnt be surprised to hear the BoJ gents to start yappin their gums next week ..... talkin the pair down
  • #52,485
  • Dec 5, 2014 4:06am Dec 5, 2014 4:06am
Quoting kuroro001
{quote} They will cry later
Beating Zimbabwean dollar will bring them inflation. lol
You cannot learn better without losing
  • #52,486
  • Dec 5, 2014 4:15am Dec 5, 2014 4:15am
Quoting forexings
{quote} Beating Zimbabwean dollar will bring them inflation. lol
I hope Japan will suffer then

A good NFP and goodbye yen, 122,xx today
COT: The precious data ignored
  • #52,487
  • Dec 5, 2014 5:03am Dec 5, 2014 5:03am
With the current Japanese economy "limping" and hence weakening Yen, can somebody please explain how come we are suppose to hit sudden reverse in trend? Whatever happens, Yen value is not going to change overnight. Even if we might see a slight bearish trend or bulls and bears fighting, I cannot understand how this currency is suppose to reject its bullish trend.

I am still learning, so do not take my words for granted, but to my best estimate and - it needs to be said - guess, I believe this currency aims for at least 123.0 level within next 10, maybe 15 days with average constant gain of 1.5pips/hour.

There is always chance for another crazy single 80 pip wave fluctuation - I hate it.
  • #52,488
  • Dec 5, 2014 5:08am Dec 5, 2014 5:08am
even a 150 pip flux is small in the grand scheme of things. The re-tracements are necessary for proper flow of capital and balancing of markets. Think of it as physics to some degree. To every action there is an equal (maybe not equal in FX) but opposite reaction.

I agree with you however that everyone who is constantly shorting (BIG shorting) the currency just because it's moved a lot doesn't necessarily mean the trend is ending.
  • #52,489
  • Dec 5, 2014 5:09am Dec 5, 2014 5:09am
http://www.forexlive.com/blog/2014/1...december-2014/
  • #52,490
  • Dec 5, 2014 5:10am Dec 5, 2014 5:10am
hasnt had a single move down since october.

up 7 weeks in a row. constant move without even a breather.
  • #52,491
  • Dec 5, 2014 5:19am Dec 5, 2014 5:19am
I think 124 is confirmed. Don't know if it could go above that level
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Money never sleeps I can hear the dollar calling me
  • #52,492
  • Dec 5, 2014 5:25am Dec 5, 2014 5:25am
Quoting Halba
hasnt had a single move down since october. up 7 weeks in a row. constant move without even a breather.
Excuse me... but I'd call the move down to 117.3 a correction (last week). Minor... but it was 150pips...
  • #52,493
  • Dec 5, 2014 5:28am Dec 5, 2014 5:28am
Quoting chsortman
{quote} Excuse me... but I'd call the move down to 117.3 a correction (last week). Minor... but it was 150pips...
didnt last more than a single day
  • #52,494
  • Dec 5, 2014 5:29am Dec 5, 2014 5:29am
Attachment
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  • #52,495
  • Dec 5, 2014 5:35am Dec 5, 2014 5:35am
Quoting Halba
{quote} didnt last more than a single day
November 22-November 27 is not a single day.
  • #52,496
  • Dec 5, 2014 5:37am Dec 5, 2014 5:37am
Quoting Dano12
1565976{image} {image}
Nice Dano. I like your view on geppy too.
Ghost Rider - WWTBMD?
  • #52,497
  • Dec 5, 2014 5:41am Dec 5, 2014 5:41am
Quoting albchr
{quote} Nice Dano. I like your view on geppy too.

more UP monthly fibo 120 73
  • #52,498
  • Dec 5, 2014 5:52am Dec 5, 2014 5:52am
Quoting shellsnail
Someone is really throwing incredible amounts of money at this thing to prevent it form rising
QE4 cash from government. The amount is insane..
  • #52,499
  • Dec 5, 2014 5:54am Dec 5, 2014 5:54am
I love my longs
  • #52,500
  • Dec 5, 2014 5:56am Dec 5, 2014 5:56am
Quoting Dano12
{quote} more UP monthly fibo 120 73
Yep, right in that area.
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Ghost Rider - WWTBMD?
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