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USD/JPY Discussion

  • #55,361
  • Feb 2, 2015 9:39pm Feb 2, 2015 9:39pm
it did so we might be up from here
  • #55,362
  • Feb 2, 2015 9:47pm Feb 2, 2015 9:47pm
AUD pairs seldom correlate with other pairs especially pairs like USD/JPY when both currencies will trade against AUD fundamentally. The only correlation I see news from AUD affecting USD/JPY are cash outflows and asian stocks which can easily balance out and give us very muted responses on USD/JPY.

Still looking forward to USD and JPY related fundamentals to give us a better direction. Otherwise technically we are still going to be stuck in a range, doesn't matter if the range is brought higher or lower.
Luck shines on the positive.
  • #55,363
  • Feb 2, 2015 10:08pm Feb 2, 2015 10:08pm
try to buy 117.05...
Money is made by sitting, not trading. Jesse L. Livermore
  • #55,364
  • Feb 2, 2015 10:51pm Feb 2, 2015 10:51pm
Maybe we make new lows below 115 in coming days? Hmmmmmm....
  • #55,365
  • Feb 2, 2015 10:59pm Feb 2, 2015 10:59pm
Quoting Ck87
Maybe we make new lows below 115 in coming days? Hmmmmmm....
not today.......itz depend on friday us data..........
  • #55,366
  • Feb 2, 2015 11:08pm Feb 2, 2015 11:08pm
Quoting kanchmadush
{quote} not today.......itz depend on friday us data..........
True guess it'd be then if any day... and yeah it seems well supported in this area.....
  • #55,367
  • Feb 2, 2015 11:17pm Feb 2, 2015 11:17pm
Quoting YvetteTeo
AUD pairs seldom correlate with other pairs especially pairs like USD/JPY when both currencies will trade against AUD fundamentally. The only correlation I see news from AUD affecting USD/JPY are cash outflows and asian stocks which can easily balance out and give us very muted responses on USD/JPY. Still looking forward to USD and JPY related fundamentals to give us a better direction. Otherwise technically we are still going to be stuck in a range, doesn't matter if the range is brought higher or lower.
Asian stocks are tumbling again after poor US data previous session, thus adding to JPY strength. If we don't see good data from EUR/GBP/US, we might slowly trend lower before Friday's US data which will be an aggressive kicker.

Entering scalps with bias on longs for USD/JPY and GBP/JPY till Friday. Cheers.
Luck shines on the positive.
  • #55,368
  • Feb 2, 2015 11:35pm Feb 2, 2015 11:35pm
if this demand give up then 116/115.50
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 22 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #55,369
  • Feb 2, 2015 11:39pm Feb 2, 2015 11:39pm
I translate aud interest rate cut as indicator australian economy is not doing so well, and it would affect global economic growth, meaning risk is higher.
thus JPY is higher because jpy is one of safe haven.
could be wrong.
  • #55,370
  • Feb 2, 2015 11:41pm Feb 2, 2015 11:41pm
Quoting sam69
if this demand give up then 116/115.50 {image}
I may enter short once it bounce above 117.1
  • #55,371
  • Feb 2, 2015 11:43pm Feb 2, 2015 11:43pm
Quoting Idkurv
I translate aud interest rate cut as indicator australian economy is not doing so well, and it would affect global economic growth, meaning risk is higher. thus JPY is higher because jpy is one of safe haven. could be wrong.
do you mean uj will drop? /sorry, fundiewise I don't have a clue/
Money is made by sitting, not trading. Jesse L. Livermore
  • #55,372
  • Feb 2, 2015 11:43pm Feb 2, 2015 11:43pm
Quoting Idkurv
{quote} I may enter short once it bounce above 117.1
Preferred entry for me is 117.3 but will it touch 117.3? Will see
  • #55,373
  • Feb 2, 2015 11:47pm Feb 2, 2015 11:47pm
Quoting sam69
{quote} do you mean uj will drop? /sorry, fundiewise I don't have a clue/
If you see, after aud rate cut announced, aud down, jpy up (uj, ej, aj, gj goes down).
I am expecting bounce on uj before entering short.
my view is still bearish for uj for time being.
Could be wrong.
  • #55,374
  • Feb 2, 2015 11:53pm Feb 2, 2015 11:53pm
Quoting Idkurv
{quote} If you see, after aud rate cut announced, aud down, jpy up (uj, ej, aj, gj goes down). I am expecting bounce on uj before entering short. my view is still bearish for uj for time being. Could be wrong.
thanks!
Money is made by sitting, not trading. Jesse L. Livermore
  • #55,375
  • Feb 3, 2015 1:26am Feb 3, 2015 1:26am
The daily low has been touched. The bulls are taking over now.
Energy, frequency and vibration.
  • #55,376
  • Feb 3, 2015 1:52am Feb 3, 2015 1:52am
UJ long triggered at 116.9
if evvents are to repeat from yesterday, then London open should take us to 117.43
  • #55,377
  • Feb 3, 2015 2:22am Feb 3, 2015 2:22am
We had downside breakout from the range today.
  • #55,378
  • Feb 3, 2015 2:24am Feb 3, 2015 2:24am
There will be a lot of resistance at 117.4 . if we can break above this on the hourly then we might see 118 by tomorrow.
  • #55,379
  • Feb 3, 2015 2:44am Feb 3, 2015 2:44am
Quoting YvetteTeo
{quote} Asian stocks are tumbling again after poor US data previous session, thus adding to JPY strength. If we don't see good data from EUR/GBP/US, we might slowly trend lower before Friday's US data which will be an aggressive kicker. Entering scalps with bias on longs for USD/JPY and GBP/JPY till Friday. Cheers.
Man those long scalps are lucrative. Still Long bias till we hit soft resistance at 117.4.
Trade easy guys.
Luck shines on the positive.
  • #55,380
  • Feb 3, 2015 2:54am Feb 3, 2015 2:54am
Quoting Paulenok
UJ long triggered at 116.9 if evvents are to repeat from yesterday, then London open should take us to 117.43
looks like it did repeat
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