USD/JPY Discussion

Monday is another "issue date" for Treasury Discount Bills to Be Auctioned on July 2 .
http://www.mof.go.jp/english/jgbs/au...t20150625e.htm

Refer to similar Monday on different timeframe candlestick charts will be ok.

Daily Chart

Hi everyone! Based on my analysis, I believe that USDJPY will continue its uptrend in the week ahead (6 July). The pair fell back just before the markets closed on Friday, but had a minor rebound thereafter at the 61.8 retracement level of the previous wave. At the price which I've placed an arrow marks the start of the 1st wave of possibly a larger 3rd wave. In the weeks ahead, I believe that this currency pair would continue to rally up above the 125 price level.

price today so far at 121.935 so if your right and up this week with Greece so far voting no would be great place for long...

Is anybody expecting market behaviour like there was last Sunday night, a week ago?

spreads were just to wide at open but wish I would have got that buy in at 122 now. Ohh well looking for next entry now. But looks to me like volatility will continue like last week.

Buying pressure on JPY :

Seems that the USDJPY is all set to test 123 mark; however, a break of 122.50 could pullback the pair towards 121.80.

Back to 120.00's we go. Don't need oscillators and channels to tell you that. Look at what's going on in the world's Macro picture.

tp1 done

be careful, fomc in 4 hours
all macro "assumptions" can change in a jiffy.

(don't need charts to point out that JPY is a reserve currency because GRexit / riskoff)

What do you think they're going to tell us that we don't already know at this point? Are you expecting something dovish, c'mon. 120.62

The press conference after the last FOMC told all. Notes no biggie.

any L?

Long 1,000,000 position @121.000

(i had 101.00 to 123.500 in the last 14 months)

Re-asses market in 6 months.

Until then.

-yeniful

Any reason why did you went long on USDJPY, its better to fade USDJPY raise as it might attempt to break 120 in coming days with a RISK OFF scenario of Greece Exit/China Stock Market Crash events

usd jpy and SP500 GAP

Pattern looks interesting.