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USD/JPY Discussion

Quoting MBTrading74
What do you think? {image}
It does look as though at least 101 is likely, and a retrace to the 61% region would be entirely believable.

Additionally, if the causes of the long-term strengthening that took UJ to 75 a few short years ago have not be addressed there is no reason to be surprised by at least a double bottom at 75. Since the Japanese have returned to generating electricity from nuclear sources it will take something like a switching to importing all their energy to stop the march of the Yen.
Carbon-Dioxide: the gas of life!
Quoting Devart
{quote} why 110 ?
That's where strong resistance resides.
Attached Image (click to enlarge)
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Without having an understanding of down, you can never appreciate up.
Quoting eugenyk
{quote} are they kidding? http://www.nasdaq.com/article/japane...ckage-cm652223
I think they are desperate...
Carbon-Dioxide: the gas of life!
Quoting Exodus
Intervention by the BoJ now looks unlikely. Other programs designed to improve the domestic Japanese economy may raise inward investment. In which event the Yen could be expected to strengthen.
Nice article.
The point is that if BOJ will not do anything the UsdJpy will moves down again and it could be a really strong movement.
Why they should not do anything considering that a strong Jpy is not positive for the japanese economy?
Quoting MBTrading74
What do you think? {image}
In a such long term is really difficult to make a preview. It can happen anything :/
Quoting Exodus
Intervention by the BoJ now looks unlikely. Other programs designed to improve the domestic Japanese economy may raise inward investment. In which event the Yen could be expected to strengthen.
And there is the first signs of the market getting worried that the BoJ is going to underdeliver.

I was trying to get in too early but longs, this may be a good place to take profit. I'm on mobile at the moment so can't share a chart, but we're at the top of a channel too. I'm sure someone else will have my back and post a chart?
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80 pip yen drop
TE started 6/4/19
Price Signal Consulting All Time Pips: 763
Quoting Devart
... Why they should not do anything considering that a strong Jpy is not positive for the japanese economy?
They have run out of things to buy. The BoJ is spreading its descriptions of things which could be added to their balance sheet. However that opens the door to admitting that they might be giving away money if they 'buy' things which could later go to zero-value, such as corporate bonds.


Just listening to a Japanese talking head on BBC R4 <edit:> here you go (sorry, no script) </edit:>
QE appears to be the favoured approach, it will be interesting to see the manifestation of that.

Also just heard Andy Haldane say that there is no reason why cash could not now become entirely digital. As such the 'cash' in your digital pocket could have negative interest rates applied to it (his words). So there you have it, an open admission that they will steal the money in your pocket!
Carbon-Dioxide: the gas of life!
Quoting Marz30
80 pip yen drop
You mean 80-pip US$ drop, except that the peaks are now 140 pips apart.
Carbon-Dioxide: the gas of life!
I doubt that drop will end before USD/JPY reaches 105.30, or it might even reach 104.60, which is (EMA)89 on the four-hour time frame.
Insert a long position.
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UJ 4 HR. Red Line is MA 20. Blue Line is MA52. So, it's at MA 20 line. We'll see if MA 52 will catch up with MA 20.
Or MA 20 go down crosses MA 52.
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I say Porco D !!!!!!!!

What the hell, kicked out for few pips -.-
Quoting Exodus
{quote} They have run out of things to buy. The BoJ is spreading its descriptions of things which could be added to their balance sheet. However that opens the door to admitting that they might be giving away money if they 'buy' things which could later go to zero-value, such as corporate bonds. Just listening to a Japanese talking head on BBC R4 <edit:> here you go (sorry, no script) </edit:> QE appears to be the favoured approach, it will be interesting to see the manifestation...
I have decided that it is impossible to believe anything.......
http://www.forexfactory.com/news.php?do=news&id=599656
Carbon-Dioxide: the gas of life!
Quoting Exodus
{quote} I have decided that it is impossible to believe anything....... http://www.forexfactory.com/news.php?do=news&id=599656
In my opinion it can be more than obvious.
Why they should not act in this way ?
They are economists, their bread is money...so it is obvious for me that they manipulate the market with some fake or not precise news !!!
Quoting dianajs
I doubt that drop will end before USD/JPY reaches 105.30, or it might even reach 104.60, which is (EMA)89 on the four-hour time frame.
Do you think it will be reach to the 104.55 (support level)? I see the strong rebounce and for now correction after the pulse down. I think it will be correction movements between 106.30 and 105.70
Good Afternoon !
Welcome to the ECB day! and Enjoy

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http://www.forexfactory.com/showthre...50#post9041050

EURO PINK
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Quoting Al.En
{quote} Do you think it will be reach to the 104.55 (support level)? I see the strong rebounce and for now correction after the pulse down. I think it will be correction movements between 106.30 and 105.70
Yes this can go to 104.55 but forex is a amazing beast my friend.
Quoting guernica
{quote} Yes this can go to 104.55 but forex is a amazing beast my friend.
seems like both ways are possible, Kuroda plays with the market. However, daily looks like a bottom formation.

If to look back, to autumn of 2014 - upward movement was from 101 to 110, then went to 105, ant finally, from 105 to 122 without stopping
Quoting Ecb
{quote} And there is the first signs of the market getting worried that the BoJ is going to underdeliver. I was trying to get in too early but longs, this may be a good place to take profit.
CHK CHK BOOM!
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