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USD/JPY Discussion

  • #57,861
  • Sep 9, 2015 2:23am Sep 9, 2015 2:23am
USDJPY clearly headed towards its next major resistance near 120.90 level, also coinciding with 200-day SMA.
Would be inclined to initiate fresh short positions near that key resistance area.
Attached Image (click to enlarge)
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  • #57,862
  • Sep 9, 2015 3:06am Sep 9, 2015 3:06am
be carefull guys, usdjpy has been heavily manipulated towards the upside for the last 24 hours whilst correlating pairs have not had the same reaction, the drop will be quick and swift.
  • #57,863
  • Sep 9, 2015 4:31am Sep 9, 2015 4:31am
Massive lift on Tokyo stock exchange following Abe's pledge to cut corporation tax to below 30% from its current 35%.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,864
  • Sep 9, 2015 5:49am Sep 9, 2015 5:49am
Quoting Exodus
Massive lift on Tokyo stock exchange following Abe's pledge to cut corporation tax to below 30% from its current 35%.
That is only a 5% deduction. Would be nice to see corporate taxes at around 15% in Japan
  • #57,865
  • Sep 9, 2015 12:19pm Sep 9, 2015 12:19pm
Quoting venividivici
be carefull guys, usdjpy has been heavily manipulated towards the upside for the last 24 hours whilst correlating pairs have not had the same reaction, the drop will be quick and swift.
I know this was posted hours ago but if you look at all the Yen pairs at that time USDJPY was right in line with them.

Crazy how so many are so quick to throw out the "manipulation" charge without any substance behind it.
  • #57,866
  • Sep 9, 2015 3:20pm Sep 9, 2015 3:20pm
Quoting SunTrader
{quote} I know this was posted hours ago but if you look at all the Yen pairs at that time USDJPY was right in line with them. Crazy how so many are so quick to throw out the "manipulation" charge without any substance behind it.
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are your stops ready to be eaten? best of luck
  • #57,867
  • Sep 9, 2015 6:32pm Sep 9, 2015 6:32pm
Quoting roger44
Next week, if USD/JPY can go up to about 121.1x, I will buy YEN.
not on my session!?
  • #57,868
  • Sep 9, 2015 6:36pm Sep 9, 2015 6:36pm
Quoting venividivici
{quote} are your stops ready to be eaten? best of luck
Best of luck to you too. Which stops would those be? Did I mention whether I even had a trade on at the moment?
  • #57,869
  • Sep 9, 2015 8:11pm Sep 9, 2015 8:11pm
Will be interesting because of China's Economic issue and growing concern (Been a huge concern for years now)

I Still believe it will be tough to break the 38.2 Fibo Level because the Yen is still a strong currency across most Pairs.

Key Factors making the Yen a strong currency amongst others...

- Yuan Fix
- China Selling US Treasuries too support their bs Stock Market
- European migrant issues and the needed funds to support them


Risk Management is key with this increased volatility which gives us traders opportunities not given throughout the year.

Nice Chart Sun Trader

Although,
Technically 4hr is looking like it will take a slight jolt up but we'll see...
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  • #57,870
  • Sep 10, 2015 12:02am Sep 10, 2015 12:02am
wow that shot up fast. not sure why, did anyone else catch the spike?
  • #57,871
  • Sep 10, 2015 12:08am Sep 10, 2015 12:08am
The spike seems to be because of the below news.

Yamamoto: 30 Oct BOJ Meeting 'Good Opportunity' For More EasingFrom @livesquawk | 7 min ago | 2 comments
  • #57,872
  • Sep 10, 2015 12:59am Sep 10, 2015 12:59am
In my opinion , Currently UJ and GJ on wave 3 . Bullish mode on.
  • #57,873
  • Sep 10, 2015 2:38am Sep 10, 2015 2:38am
Now here is an interesting twist

Quoting dCtrader15
.... European migrant issues and the needed funds to support them ....
I have to ask, how do European migrant issues affect UJ please?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,874
  • Sep 10, 2015 2:58am Sep 10, 2015 2:58am
I think 2nd largest refugee crisis since 2nd world war? Poor people...
FREEDOM IS SECURITY.
  • #57,875
  • Sep 10, 2015 3:01am Sep 10, 2015 3:01am
Buy.... target 121.2 ---- 121.5
FREEDOM IS SECURITY.
  • #57,876
  • Sep 10, 2015 3:52am Sep 10, 2015 3:52am
Whoa, what's that spike about around 4hr ago?
  • #57,877
  • Sep 10, 2015 4:07am Sep 10, 2015 4:07am
Even if the short-term ascending trend-channel favors USDJPY up-move, a break above 121.60, encompassing the channel resistance and the horizontal mark, becomes less likely.
Attached Image (click to enlarge)
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  • #57,878
  • Sep 10, 2015 4:45am Sep 10, 2015 4:45am
Quoting Fx_Anil
Even if the short-term ascending trend-channel favors USDJPY up-move, a break above 121.60, encompassing the channel resistance and the horizontal mark, becomes less likely. {image}
I agree, break above 121.60, next target would be at 122.32.
  • #57,879
  • Sep 10, 2015 4:46am Sep 10, 2015 4:46am
Quoting csc2009
{quote} I agree, break above 121.60, next target would be at 122.32.
  • #57,880
  • Sep 10, 2015 6:13am Sep 10, 2015 6:13am
agree 122 mark.
FREEDOM IS SECURITY.
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