Attachments: USD/JPY Discussion

USD/JPY Discussion

#52,481
Dec 5, 2014 1:53am Dec 5, 2014 1:53am

stylinex
| Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting forexings

Disliked

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

Ignored

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 1:53am Dec 5, 2014 1:53am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting forexings

Disliked

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

Ignored

They will cry later

COT: The precious data ignored

#52,483
Dec 5, 2014 1:58am Dec 5, 2014 1:58am

HCGroup
| Joined Apr 2010 | Status: Full-time trader | 306 Posts

Mates what's next?
122 or 118 ?

#52,484
Dec 5, 2014 1:58am Dec 5, 2014 1:58am

Liam0530
| Joined Aug 2014 | Status: Trader | 580 Posts

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 2:06am Dec 5, 2014 2:06am

forexings
| Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts

Quoting kuroro001

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{quote} They will cry later

Ignored

Beating Zimbabwean dollar will bring them inflation. lol

You cannot learn better without losing

#52,486
Dec 5, 2014 2:15am Dec 5, 2014 2:15am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting forexings

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{quote} Beating Zimbabwean dollar will bring them inflation. lol

Ignored

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 3:03am Dec 5, 2014 3:03am

paka
| Joined Jun 2012 | Status: Trader | 101 Posts

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 3:08am Dec 5, 2014 3:08am

chsortman
| Joined Oct 2014 | Status: Trader | 98 Posts

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 3:09am Dec 5, 2014 3:09am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

http://www.forexlive.com/blog/2014/1...december-2014/

#52,490
Dec 5, 2014 3:10am Dec 5, 2014 3:10am

Halba
| Joined Dec 2011 | Status: Trader | 799 Posts

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 3:19am Dec 5, 2014 3:19am

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

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 3:25am Dec 5, 2014 3:25am

chsortman
| Joined Oct 2014 | Status: Trader | 98 Posts

Quoting Halba

Disliked

hasnt had a single move down since october. up 7 weeks in a row. constant move without even a breather.

Ignored

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 3:28am Dec 5, 2014 3:28am

Halba
| Joined Dec 2011 | Status: Trader | 799 Posts

Quoting chsortman

Disliked

{quote} Excuse me... but I'd call the move down to 117.3 a correction (last week). Minor... but it was 150pips...

Ignored

didnt last more than a single day