USD/JPY Discussion

Could be. Already partial profit the long - it might come back at Tokyo mid session

both aren't mutually exclusive. A think market is caused by low quantity of buyers and sellers, so each abrupt movement can make it look "out of whack".

yes....then when heavy buying comes in or heavy selling...it moves the market much easier....please shhhhh

Orientation and compromises are changing towards buying USD/JPY. The ride up will become smoother and very fast.

GJ found support as well




Not bad almost 100 pips

No one short?

Nope still long. Next point of attack is 119.07 if we can carve through it cleanly...we could see much further upside.

This unit is surely poised for a strong retest of the climax of 122.XX With the Abe sciences in play its just a soft tickle right now. In the few hours to progress as more of Asia wakes up that "Cant Go Wrong Buy" mode will resume course. 118.85- 122.77

Defined current action is evident with soft rejection of hits @ 119.00

Heres the ladder in play for reference:

Sellers 118.75 then 119.00

Buyers 117.75 then 117.50 and 117.00

Bull n bears.....don't forget to take your profit either way.

http://i.imgur.com/xkE0EEW.png

Yep, book partial +100 pips - leave some either S/O or bonus

...little cautious on this one...wait for LO when retest to present better opportunity then.

http://i.imgur.com/CoxUiy4.png

Do you think we may see this pair go sideways for a few days?

im short on this pair, booked some profits, now its a free ride.

http://s18.postimg.org/l4ii995u1/sell2.png

HSBC warns that “It is entirely possible that the Yen decline becomes disorderly and swift”

Huzzah! Finally, a sign to show that we will move from the 118.745 resistance. Up or down, I don't care. I'm just annoyed at the fact that on the 1 minute chrt, it's tested that goddamn resistance 9 times in the past 2 hours.

Watching the Yen 6JH5 Futures movement closely. Lead-Lag between spot and futures is very tight. Spot looks like a mind field of wic's top and bottom of 10 Min Bars.
Action is leaning towards taking the offers as any slight decline in the spot is quickly met with bid absorption within a dozen pip range.
A North bound headwind is very evident meaning USDJPY UP! Futures yen priced in dollar equivalent going down.

The computers are doing the buying right now on anything thrown out on the offer. Tough call on this action though as a tantrum can spike it either way before settling into direction.

Looks like the humans are a bit nervous about Abe now he's past the hump of control and the If,And,Or mindset is proceeding with caution.

For me I dot care if the USD/JPY is going to 145 or 105 what i care of where it will every single day @8 am New York time and where it will be @17 pm that day

Gidday Yen Masters

Interesting reading the posts

50/50 on short an long

With lots of whip saw action

no doubt we can all rake in a few pips:nerd:

I don't usually talk the squiggles aka chart lines or oscillators, would make mention though that the Yen has been trapped in the Cloud, "Ichimoku" for severs hours now on the Hourly chart.

With many using different brokers here mostly all spot trading, the raw figure will vary. However futures is very consistent and riding the shallow swing range of the hourly cloud.