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USD/JPY Discussion

  • #58,121
  • Oct 9, 2015 8:24am Oct 9, 2015 8:24am
Short at monthly 8 ema 120.315
  • #58,122
  • Oct 9, 2015 8:44am Oct 9, 2015 8:44am
Quoting csc2009
Usd/Jpy rises above 120.00 level, next resistance level can be found at 120.57, breakout above would open the door to further gains.
Exactly.

But probably not today. End of week squaring etc.
  • #58,123
  • Oct 9, 2015 2:52pm Oct 9, 2015 2:52pm
It's going strong.
  • #58,124
  • Oct 9, 2015 3:41pm Oct 9, 2015 3:41pm
Quoting arigoldman
It's going strong.
My bad....not 125.256 but Short 120.256
  • #58,125
  • Oct 9, 2015 3:43pm Oct 9, 2015 3:43pm
Quoting Compulsive
{quote} Short 125.256
You expecting gap down over the weekend?
  • #58,126
  • Oct 9, 2015 3:56pm Oct 9, 2015 3:56pm
Quoting Ngp
{quote} You expecting gap down over the weekend?
Not sure, but with a wedge formed and most traders are long - I 'll take the other side
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  • #58,127
  • Oct 9, 2015 4:05pm Oct 9, 2015 4:05pm
Quoting Compulsive
{quote}and most traders are long - I 'll take the other side
LOL Went long last night at 120 with tp of 120.350 missed by one pip on both my brokers. Closed at 120.280 didn't want to hold over week end.
  • #58,128
  • Oct 9, 2015 5:21pm Oct 9, 2015 5:21pm
Quoting Compulsive
... and most traders are long - I 'll take the other side
And how do you know that?
  • #58,129
  • Oct 9, 2015 5:32pm Oct 9, 2015 5:32pm
I think USDJPY will be back to 124-125 in medium-long term, cause divergency outlook BoJ n The Fed.
Hihihi..
I like trading Medium-Long Term.
  • #58,130
  • Oct 9, 2015 9:05pm Oct 9, 2015 9:05pm
Quoting SunTrader
{quote} And how do you know that?
Maybe he was referring to this.
Attached Image
  • #58,131
  • Oct 10, 2015 2:34am Oct 10, 2015 2:34am
somethings on 10oct2015 (today)
http://www.mof.go.jp/english/

1. Governor's Statement No. 23
Statement by Japan, at the 70th Joint Annual Discussion (Lima /October 9, 2015)

2. International Monetary and Financial Committee Thirty-Second Meeting October 9-10, 2015
Statement by Japan, at the 32th IMFC (Lima / October 9, 2015)

3.Communiqué of the Thirty-Second Meeting of the IMFC
Communiqué, at the 32th IMFC (Lima / October 9, 2015)

but the all 3 items' contents seem to be the same.
  • #58,132
  • Oct 10, 2015 7:36am Oct 10, 2015 7:36am
Quoting liquidice
{quote} Maybe he was referring to this. {image}
Those numbers are not even close, to the the actual numbers - I going by futures contracts
  • #58,133
  • Oct 10, 2015 12:24pm Oct 10, 2015 12:24pm
Quoting Compulsive
{quote} Those numbers are not even close, to the the actual numbers - I going by futures contracts
But yet you posted a forex not futures chart?
  • #58,134
  • Oct 11, 2015 6:44pm Oct 11, 2015 6:44pm
Full Launch of New BOJ-NET
http://www.boj.or.jp/en/announcement...rel151011b.pdf

Only the last sentence is important :
"Longer overlap of the operating hours with international financial markets will encourage smoother cross-border settlement of the Japanese yen and JGBs."
  • #58,135
  • Oct 12, 2015 6:18pm Oct 12, 2015 6:18pm
Quoting SunTrader
{quote} But yet you posted a forex not futures chart?
I trade both - the COT reports helps me

http://www.cftc.gov/dea/futures/deacmesf.htm

Scroll down to the JAPANESE YEN and what I look for is the change from LONG to SHORT in the COMMERCIAL (remember we are looking at Futures Contracts)
  • #58,136
  • Oct 12, 2015 7:00pm Oct 12, 2015 7:00pm
Quoting Compulsive
{quote} I trade both - the COT reports helps me http://www.cftc.gov/dea/futures/deacmesf.htm Scroll down to the JAPANESE YEN and what I look for is the change from LONG to SHORT in the COMMERCIAL (remember we are looking at Futures Contracts)
I know the difference between the two. I've been trading close to 20 years. But it would be clearer to others not to mix the two.

Quite often I see traders mentioning volume with forex. The volume they are looking at is their broker or a combination of a few. Not all forex. As you know when futures volume is displayed it is for all trades with all brokers - with that particular exchange anyway. But an apples to apples comparison works best. COT with futures and something like FF sentiment index with forex.
  • #58,137
  • Oct 12, 2015 7:05pm Oct 12, 2015 7:05pm
No clear direction yet on the USD/JPY. It is still consolidating around the 120.00 level, it would be better to stay away from it.
  • #58,138
  • Oct 13, 2015 12:18am Oct 13, 2015 12:18am
(In Japanese)
President Kuroda press conference summary (October 9)
--G20 After the end of Aso Deputy Prime Minister, the Governor remarks gist in Kuroda joint press conference
http://www.boj.or.jp/announcements/p...15/kk1510b.pdf

https://translate.google.com/?hl=en
  • #58,139
  • Oct 13, 2015 12:35am Oct 13, 2015 12:35am
i think charts indicate that it is heading lower, but UJ always finds a way back to 120.
probably will watch levels of 119.6 and then look for a buying opportunity from there.
  • #58,140
  • Oct 13, 2015 4:28am Oct 13, 2015 4:28am
UJ has only been (recently) hanging around 120 since the Chinese dumped their dose of US treasuries.

At the moment the trend for the last 30 days remains gently down, it needs RSI to stabilise around the '50' mark before you can say that UJ is not going lower from here.

Now that the Japanese have restarted their nuclear power generation some of the negative Yen pressure has gone, so we have to watch the Japanese trade balance for clues ... and of course the main drivers remain Abe and Kuroda.
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