USD/JPY Discussion

Looks like accumulation here. It's winding up into a wedge, appears to be getting ready to make a move.

A minor retracement before eventually pulls down to at least 110.170

Agreed. I just have a very shitty entry

Japan needs a weaker YEN for all this to work out.
http://www.japantimes.co.jp/news/201...t-target-2020/

I opened a short position with target 111.00. I'm not sure whether I should close it a little earlier, however.

For today, I think a good first target is 112.00. second target is 111.500 but this may not happen as there is NPE coming Friday. If this is good, it may retrace. This is my opinion.

What caused this 25 pips move upward now??

Reversal off double bottom:

Look at the weekly of august of last year. Just about a carbon copy of the PA

Nikkei is going down unless YEN drops back to 120. Stocks taking a beating now

monthly shows mar closed at 23 fib level of the rally from 2012-2016. caution for those planning to short in month of april. would want to wait and see how april plays out before deciding if shorting is a viable trade direction. for now my trades for uj are still on the long end of the stick

You can try to take some profits in this range , although neisklyuchena the possibility of penetration of these zones today tomorrow

Due to the number of tourists coming in from China I guess Japan is not worried about the YEN too much these days. The line at Osaka airport today was literally backed up to where you exited the plane!! Never ever seen so many people at the airport in Osaka.

Deep in middle of complex correction [4].
medium term short targeting area under 110.169, for termination of ending diagonal c yellow, before setting up for longs.

UJ as at the verge of approaching 110.70 zone where intervention is expected. the way i read the PA, its been dropped slowly towards the 110.70 to test the BOJ reaction towards this level, if no major action then I expect heavy sell

Maybe.

aj

what do u think the target for USD JPY for april

105

long chfj 115.350