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USD/JPY Discussion

  • #57,461
  • Jun 26, 2015 1:29am Jun 26, 2015 1:29am
Business Environments to "Make in India'' by Japanese Firms
http://www.mof.go.jp/pri/internation...r201506_02.pdf

A narrow subject matter about the Japan industry expansion to India further.
better read the last page first : will not be too boring!
******
secure the opportunities for Japan-India officials/delegates to discuss the challenges on the investment climate in India and measures/suggestions to address those issues
http://www.mof.go.jp/english/pri/int...aer201506e.htm
******
  • #57,462
  • Jun 26, 2015 7:42am Jun 26, 2015 7:42am
Consumer prices inch higher as Kuroda pumps stimulus
http://www.japantimes.co.jp/news/201.../#.VY1H1VJc4yF

although this is about 13 hours ago, this is still worth to read someone's speech.
  • #57,463
  • Jun 26, 2015 9:32am Jun 26, 2015 9:32am
IMO the Euro wants to keep Greece under its wing despite that it's clear Greece is a time bomb. Averting a crisis now is by no means Greece problem is resolved.

wonder what to expect of UJ if Greece survive the June deadline.....is Eurusd going to liftoff or nosedive?
  • #57,464
  • Jun 26, 2015 9:57am Jun 26, 2015 9:57am
Agree EU wants Greece to stay and Greece wants to stay. Think last minute b...s... deal gets done or yet another meaningless extension.

If a flimsy agreement happens EU should go higher for a day, maybe a few. Then resumption of downtrend. But who knows really?

And if EU higher for a time most likely UJ lower.
  • #57,465
  • Jun 26, 2015 5:15pm Jun 26, 2015 5:15pm
Let's see there will be any outcome to the extended discussions in respect of Greece over the weekend.
  • #57,466
  • Jun 26, 2015 5:35pm Jun 26, 2015 5:35pm
Quote
IMO the Euro wants to keep Greece under its wing despite that it's clear Greece is a time bomb. Averting a crisis now is by no means Greece problem is resolved.

wonder what to expect of UJ if Greece survive the June deadline.....is Eurusd going to liftoff or nosedive?

  1. Post 57,465


Greece deal = u/j higher
No deal = u/j lower

Japan is the key here. Its a risk currency, risk on, risk off. No deal means market uncertainty and Japan will strengthen as participants reduce risk. Deal, Japan will weaken as market assumes risk and uses it as a funding currency. USD will only see big effects from this if paired with a risk (AUD,NZD..) or funding currency like Japan. If Greece survives and deal is reached ( invalid if this just continues) Eur/usd will head lower, Dax will soar and then push euro/usd down. For now, until Euro fundamentals improve, it is being treated as a funding currency. Good luck!
  • #57,467
  • Jun 28, 2015 2:37am Jun 28, 2015 2:37am
i am short on 4 USDJPY positions at 123.4 also 123.7 and i am quite worried. so now we are at no Greek deal, what kind of gap can be expected on Monday?
Calling in all the experts ... i did not sleep for 2 days
  • #57,468
  • Jun 28, 2015 3:28am Jun 28, 2015 3:28am
Quoting Patient1
{quote} Greece deal = u/j higher No deal = u/j lower Japan is the key here. Its a risk currency, risk on, risk off. No deal means market uncertainty and Japan will strengthen as participants reduce risk. Deal, Japan will weaken as market assumes risk and uses it as a funding currency. USD will only see big effects from this if paired with a risk (AUD,NZD..) or funding currency like Japan. If Greece survives and deal is reached ( invalid if this just continues) Eur/usd will head lower, Dax will soar and then push euro/usd down. For now, until Euro...
China cutting rates straightens Yen NZ Aussie and Canadian dollar
flip side Euro drop=$$ going to safe currencies GBP and USD in particular.Much depends how market factors minor EZ country like Greece effecting trillion euro economy.We could be surprised.It could be positive for Euro unburdening the liability of Greece could strengthen the Euro despite of thousands of dire expert opinions contrary.
59% Retail is short on Euro....higher this gets the better for Euro bulls
In trading, you have to be defensive and aggressive at the same time
  • #57,469
  • Jun 28, 2015 7:15am Jun 28, 2015 7:15am
Quoting ash1485
i am short on 4 USDJPY positions at 123.4 also 123.7 and i am quite worried. so now we are at no Greek deal, what kind of gap can be expected on Monday? Calling in all the experts ... i did not sleep for 2 days
It's anyone's guess really. But I do see on one site currently US @ 123.905 as of 8:06am NYtime but don't know how accurate that is.

But let's say it doesn't gap against you much or at all. Better yet it gaps in your favor.

What will you do the next time you are holding a position (or 4 yikes) before a weekend that might have big potential market moving news?
  • #57,470
  • Jun 28, 2015 11:52am Jun 28, 2015 11:52am
Quoting ash1485
i am short on 4 USDJPY positions at 123.4 also 123.7 and i am quite worried. so now we are at no Greek deal, what kind of gap can be expected on Monday? Calling in all the experts ... i did not sleep for 2 days
What I see is some resistance around 124.50 then another in 125.50.

the support is mounted @ 121.50 and 119.50


this is a special weekend, with Greece news this pair can go either way, I close all my positions on Friday.
to be honest I dont know what will happen when the markets open.

I hope the best for your Positions, some times that happen to me too, and in some cases the best thing to do is take a loss. chose a limit and then set a stop loss.
you mention you positions are @ 123.4 and 123.7 they have a combine price of 123.55 right now ( depending your broker) the price is 123.90 there are not much pips against you right now. is about 0.35
it might not be a bad Idea to close them, or at least a couple of them

I know this is hard, I think we all did this in the past.

I hope this helps, and I hope you chose what is best for you.
  • #57,471
  • Jun 28, 2015 3:04pm Jun 28, 2015 3:04pm
122.60 at the moment....
  • #57,472
  • Jun 28, 2015 3:19pm Jun 28, 2015 3:19pm
Quoting SuperMario21
122.60 at the moment....
That is just some broker pumping numbers. Wait until some real banks are open - about 40 minutes.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,473
  • Jun 28, 2015 4:02pm Jun 28, 2015 4:02pm
...ooooh

.....ooooh


UJ opens down 110 pips! .......what shall I do!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,474
  • Jun 28, 2015 4:04pm Jun 28, 2015 4:04pm
122.660
  • #57,475
  • Jun 28, 2015 4:07pm Jun 28, 2015 4:07pm
122.72/74
If you're not part of the solution then you're part of the problem.
  • #57,476
  • Jun 28, 2015 4:08pm Jun 28, 2015 4:08pm
Yeah, the spread was a bit wide so I got in long @ .73

Still got all my fingers so far.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,477
  • Jun 28, 2015 4:08pm Jun 28, 2015 4:08pm
Nothing but good trades coming
  • #57,478
  • Jun 28, 2015 4:10pm Jun 28, 2015 4:10pm
Quoting Exodus
...ooooh .....ooooh UJ opens down 110 pips! .......what shall I do!
Great question. Can you post details of the trade?
I personally added to the position long.
If you're not part of the solution then you're part of the problem.
  • #57,479
  • Jun 28, 2015 4:10pm Jun 28, 2015 4:10pm
why the drop?
  • #57,480
  • Jun 28, 2015 4:12pm Jun 28, 2015 4:12pm
Quoting majorusa
{quote} Great question. Can you post details of the trade? I personally added to the position long.
sorry, I missed out some qualifiers

<spoof mode>
....ooooh, oooh

etc.
</spoof mode>

I did not have a position open, but I do now.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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