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USD/JPY Discussion

No struggle on my chart.
Based on current tendencies, I recon that next resistance level can be even at 125.00. Movement of usdjpy is very pleasant lately
Monthly Report of
Recent Economic and Financial Developments
July 2015
http://www.boj.or.jp/en/mopo/gp_2015/gp1507b.pdf

at the end of page21 on pdf file.
Quoting roger44
Monthly Report of Recent Economic and Financial Developments July 2015 http://www.boj.or.jp/en/mopo/gp_2015/gp1507b.pdf at the end of page21 on pdf file.
This part? Any impact?

"In the foreign exchange market, the yen's exchange rate against the U.S. dollar has been more or less flat; the yen is currently moving in the range of 123-124 yen against the U.S. dollar. The yen's exchange rate against the euro has appreciated in the face of the heightened uncertainty about the situation in Greece; the yen is recently moving in the range of 135-136 yen against the euro (Chart 46)."
Quoting pohchuan
{quote} This part? Any impact? "In the foreign exchange market, the yen's exchange rate against the U.S. dollar has been more or less flat; the yen is currently moving in the range of 123-124 yen against the U.S. dollar. The yen's exchange rate against the euro has appreciated in the face of the heightened uncertainty about the situation in Greece; the yen is recently moving in the range of 135-136 yen against the euro (Chart 46)."
just point out the summary (save time for the readers).
Not really optimistic about the yen...
A buy candle has just formed on the USD/JPY just now enter at 123.965 target 124.0
therafter next target 124.050
then next target 124.095
Also dont be greedy and expect to much. Be wise
?http://www.efxnews.com/story/29735/takeaways-usd-eur-aud-other-majors-weeks-cot-report
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Quoting Dano12
1716595{image}
Yep
Quoting Dano12
1716595{image}
is that an indicator that draws out the patterns for you and projections, or is that manually done Dano??
I was just looking at the chart and thinking it has an 'about to go down' look about it.

So, today, we have another corporate scandal surrounding a Japanese company.
Toshiba - overstating profits over 6 years to the tune of $1.2bn (reportedly).

If this starts a major sell-off, the Nikkei has been doing quite well recently, then UJ should follow the Japanese stock market down.
The scandal was revealed after the market closed today, so difficult to assess at the moment.......
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
SP500 strong resistance, USD JPY resistance, resistance DAX, EUR USD support, so some pull back likely looking at the correlation

so down
IMHO, recent USDJPY up-move seems fading its momentum and a break of 124.20 could force the pair to re-test 123.50 support area.
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First short locked-in. Missed my second entry at 124.20. Ah well, watch for a bit....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Second short in at 123.93. Total position is protected now, yielding 19 pips if price suddenly decides to head north.

TPs @ 123.30 and 123.00

Desperately trying t resist the urge to close out in profit right now.....
I know, I shall go and cut the grass!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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