USD/JPY Discussion

Fitch just downgraded Japan's rating to A.

http://www.uk.daiwacm.com/research-z...f-the-easy-bit
Why we don't expect the #BoJ to ease policy further this week and its next move might be to taper:

Shorted at 119.37. SL moved to +5.

TP looking at

1st TP :118.6
2nd TP: 118
Manual TP : 117

http://www.fxstreet.com/news/forex-n...e-4e0eb9926673 Goldman Sachs expect a no change from the BOJ but warned to watch out for inflation surprises.

Makes one wonder of incoming Tokyo move

Weak Yen has been given a 8.5% boost to the Japan's exports.

A few days back Japan's officials were reported saying USD/JPY rate is more appropriate at 105.00 level, since then it has come down a bit.

having breached ascending trend-line support, USDJPY seems finding strong support near 118.90 - 119 support region, breaking which 118.30 can't be denied. On the upside, 119.20 and 119.30 are likely imp resistances.

I'm very curious for the next move...Up or down?Hmmm...

Trying a small little long here. Daily support.

I am looking for a short. Here the setup (if the price rise abose SL setup nulified) :

Decline should be supported around 118.28 zone for rally to above 119.12. A clear break of 118.28 will damage this expected rally.

Got stopped out, looking to re-enter (entry nulified if price rise abose 118.855):

Need to break that 118.75 and then I look a 118.35-50 for target.But we have got today FOMC.So we can see everything today.

Still holding my long from 118.80. If we can break through 118.90 on the hourly then I expect to see a 50% fib retrace from the April high @ 119.40
US economy still looking positive despite recent figures.

UJ
Long at 118.8sh
TP 119.5 120.0 120.5 121 121.5
small lot
will see.

Change my side....going to long...Tp open...

What is happening...

My faith in the FOMC and maybe we will hit 120 today.And dovish BOJ shooting us to 121 .Yes,I know it's not a fact.