Japan will most likely follow Draghi and announce more QE funds as well and from there we will see YEN weaken to boost exports and tourism. Nikkei will rise on this news as well.
hi does anyone where will usdjpy is gona go where the market opens so i have a sell trade open right now its in loss and if it goes 10 pips more up my account is going to blow up. so does anyone of u think usdjpy will go down when the market opens?
hi does anyone where will usdjpy is gona go where the market opens so i have a sell trade open right now its in loss and if it goes 10 pips more up my account is going to blow up. so does anyone of u think usdjpy will go down when the market opens?
Ignored
Sorry to hear about your account mate but the market do not care what we think ... It can go both ways ... what we can do is follow the trend.
As for monday I see they will try to go south again (maybe here you can cut the losses better) but major trend is still up.
hi does anyone where will usdjpy is gona go where the market opens so i have a sell trade open right now its in loss and if it goes 10 pips more up my account is going to blow up. so does anyone of u think usdjpy will go down when the market opens?
Ignored
122-123 next week if you ask me. I am pretty sure YEN will follow EURO and YUAN. I expect a stimulus boost from Abe in Japan this coming week. That stimulus boost will weaken YEN and most Nikkei Index which is what happened in China,Germany and America.
FOMC is coming this wednesday with market expectation of no rate hike (only 6 % probability on bloomberg survey) but market is waiting for any signal from the statement that hints for possible December rate hike, thus usd/jpy will go down. Probably ranging between 121.50 - 120.20 on Monday + Tuesday. But as soon as FOMC is clear, market will price in for possible QQE from Japan. (Japan meeting on friday). If FOMC end up without any hint for rate hike, my possible guess is that market will go down. But every dip is a buying opportunity due to expectation of more QQE from Japan.
maybe....
worst or best case scenario (depending on your position)...
FOMC hints for rate hike for the December meeting with Japan boosting their QQE program.
In this case after FOMC usd will go up between 122-123. After the QQE stimulus from Japan, it will break the previous high above 125 heading into 127 and 130 by year end (forecast from GS). In my opinion it will shoot up further into 132-133 territory if both rate hike + QQE materialized. Double booster.
maybe.....
It is just a theory of possible outcome.
But if both FOMC does not give any hints for December hike + no QQE from Japan.. we're heading towards 116-117 and keeps on ranging for several more months.
the thing is i opened a big trade usdjpy sell trade that's where i made a mistake i m in a big loss but trade only went 10 pips up so i just hope when market open usdjpy open downwards, like 10 pips would work too and then i wont be loosing money and it will be a break even.
certainly UJ is in uptrend atleast in 4HR TF.it has broken above resistance in daily chart and seems will continue moving up next week,although daily trend is not confirmed yet.for shorters,the market conditions of oscillator staying in overbought zone for longer period of time more than your patience may be happening.better cut loss early.
