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USD/JPY Discussion

  • #60,681
  • Jul 21, 2016 1:49am Jul 21, 2016 1:49am
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.
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  • #60,682
  • Jul 21, 2016 1:58am Jul 21, 2016 1:58am
Quoting Devart
{quote} why 110 ?
That's where strong resistance resides.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 15 KB
Without having an understanding of down, you can never appreciate up.
  • #60,683
  • Jul 21, 2016 2:12am Jul 21, 2016 2:12am
Quoting eugenyk
{quote} are they kidding? http://www.nasdaq.com/article/japane...ckage-cm652223
I think they are desperate...
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  • #60,684
  • Jul 21, 2016 2:37am Jul 21, 2016 2:37am
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?
  • #60,685
  • Jul 21, 2016 2:39am Jul 21, 2016 2:39am
Quoting MBTrading74
What do you think? {image}
In a such long term is really difficult to make a preview. It can happen anything :/
  • #60,686
  • Jul 21, 2016 3:06am Jul 21, 2016 3:06am
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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  • #60,687
  • Jul 21, 2016 3:35am Jul 21, 2016 3:35am
80 pip yen drop
TE started 6/4/19
  • #60,688
  • Jul 21, 2016 3:41am Jul 21, 2016 3:41am
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! https://youtu.be/ttJBdr6eBuo
  • #60,689
  • Jul 21, 2016 3:42am Jul 21, 2016 3:42am
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! https://youtu.be/ttJBdr6eBuo
  • #60,690
  • Jul 21, 2016 3:50am Jul 21, 2016 3:50am
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.
  • #60,691
  • Jul 21, 2016 3:54am Jul 21, 2016 3:54am
Insert a long position.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 9.jpg Size: 796 KB
  • #60,692
  • Edited 4:34am Jul 21, 2016 4:11am | Edited 4:34am
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.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 21 Jun 2016.jpg Size: 31 KB
  • #60,693
  • Jul 21, 2016 5:49am Jul 21, 2016 5:49am
I say Porco D !!!!!!!!

What the hell, kicked out for few pips -.-
  • #60,694
  • Jul 21, 2016 6:08am Jul 21, 2016 6:08am
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! https://youtu.be/ttJBdr6eBuo
  • #60,695
  • Jul 21, 2016 6:34am Jul 21, 2016 6:34am
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 !!!
  • #60,696
  • Jul 21, 2016 6:39am Jul 21, 2016 6:39am
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
  • #60,697
  • Jul 21, 2016 7:04am Jul 21, 2016 7:04am
Good Afternoon !
Welcome to the ECB day! and Enjoy

Today's S/R levels on MT4 Templates

EURO
CABLE
DAX
USDJPY
EURGBP

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

EURO PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #60,698
  • Jul 21, 2016 3:19pm Jul 21, 2016 3:19pm
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.
  • #60,699
  • Jul 21, 2016 3:36pm Jul 21, 2016 3:36pm
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
  • #60,700
  • Jul 22, 2016 12:38am Jul 22, 2016 12:38am
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.
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