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USD/JPY Discussion

  • #60,741
  • Jul 27, 2016 1:28am Jul 27, 2016 1:28am
Quoting aa1
Sorry for jumping in. I do trade USDJPY exclusively at this point. I am trying to find a good place with articles and insights into USDJPY and Tokyo session in particular. For example, I remember I read years ago that, I think, April is a month when Japanese companies are doing taxes or report profits so they massively bring home their profits from all over the place which probably should push the USDJPY chart down etc. So I am looking for this kind of information to get a better feeling for JEN's behavior. Google search does not really bring anything...
Interesting that you raise the aspect of company reporting. I suggest that only the payable-tax portion is repatriating. I don't know where you find this kind of information. My understanding of company reporting is that the year-end is an entirely arbitrary choice which, for western companies, tends to be centred on significant dates such as e.o.fiscal (tax) year or e.o.calendar year. I wonder therefore if Japanese culture has another significant date.
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  • #60,742
  • Jul 27, 2016 10:11am Jul 27, 2016 10:11am
I think they are different in many aspects so knowing more about their business and other habits would help. So, no info from here as well then?
  • #60,743
  • Jul 28, 2016 12:17am Jul 28, 2016 12:17am
Australian traders will know what we mean when we say 'Burgo's Catch Phrase'

The stimulus number that is actually announced tomorrow doesn't even matter. It's going to whipsaw like crazy because the BoJ has completely botched their communication to the market.

Beware.
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  • #60,744
  • Jul 28, 2016 7:14am Jul 28, 2016 7:14am
long 104.73 sl 104.2 TP 105.80.

I hope it pans out
  • #60,745
  • Edited 8:02am Jul 28, 2016 7:42am | Edited 8:02am
going long 104.80 with 107.40 tp

also have a sell order at 107.40 with 106.10 tp

i think this time boj is serious about stimulus
  • #60,746
  • Jul 28, 2016 8:13am Jul 28, 2016 8:13am
I will wait for Japan report tomorrow. There are many things that can go wrong.
  • #60,747
  • Jul 28, 2016 8:57am Jul 28, 2016 8:57am
Quoting frx_trader
I will wait for Japan report tomorrow. There are many things that can go wrong.

You are right. The fact I am long is probably not a good sign for longs
  • #60,748
  • Jul 28, 2016 1:59pm Jul 28, 2016 1:59pm
This little move up seems like it might be a bit of a head fake in my opinion. I would like to see price get above 106.50 before I would consider longs. But I trade daily and 4hr charts. Nice job to those who caught the quick pips though.
  • #60,749
  • Jul 28, 2016 2:16pm Jul 28, 2016 2:16pm
I highly recommend everyone read this: http://www.zerohedge.com/news/2016-0...r-snag-emerges
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  • #60,750
  • Jul 28, 2016 2:23pm Jul 28, 2016 2:23pm
Quoting Geppy
I highly recommend everyone read this: http://www.zerohedge.com/news/2016-0...r-snag-emerges

Hmmmm if im reading that right then longs may get their faces ripped off tonight. My target is nearly hit but I will be closing out eod. Good find.

I always like checking up on zerohedge from time to time.
  • #60,751
  • Jul 28, 2016 2:36pm Jul 28, 2016 2:36pm
Quoting Trendzalore
{quote} Hmmmm if im reading that right then longs may get their faces ripped off tonight. My target is nearly hit but I will be closing out eod. Good find. I always like checking up on zerohedge from time to time.
Yeah, most of what they pos is garbage or straight trolling/fear mongering. But they have the occasional nugget.
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  • #60,752
  • Jul 28, 2016 2:45pm Jul 28, 2016 2:45pm
Quoting Geppy
I highly recommend everyone read this: http://www.zerohedge.com/news/2016-0...r-snag-emerges
Thanks Geppy! I'm suspecting such disappointment alike the most recent Central Bank releases (i.e., Lats BOJ, BOE, CBE and FOMC (yesterday)).
  • #60,753
  • Jul 28, 2016 3:02pm Jul 28, 2016 3:02pm
Quoting Geppy
{quote} Yeah, most of what they pos is garbage or straight trolling/fear mongering. But they have the occasional nugget.
Next time ,I hope the chart more simple ,simple is better.
  • #60,754
  • Jul 28, 2016 3:07pm Jul 28, 2016 3:07pm
Quoting Fadhl
{quote} Thanks Geppy! I'm suspecting such disappointment alike the most recent Central Bank releases (i.e., Lats BOJ, BOE, CBE and FOMC (yesterday)).
Yes, part of me feels like they'll disappoint. But another part of me wonders how they can afford to.
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  • #60,755
  • Jul 28, 2016 5:52pm Jul 28, 2016 5:52pm
no news. UJ just crashed.
tonight is going to be interesting.
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  • #60,756
  • Jul 28, 2016 8:23pm Jul 28, 2016 8:23pm
wants 103.00 badly
atheer1
  • #60,757
  • Jul 28, 2016 8:33pm Jul 28, 2016 8:33pm
bought now @ 104.00. sure, it can go to 103, but i'm not going to take the chance of missing all this upside. longs should start rolling soon. this is manipulation at it's finest.

next target is 107, then resistance at 110, 111, and 112.
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  • #60,758
  • Jul 28, 2016 8:50pm Jul 28, 2016 8:50pm
103.50 is next before climbing back up
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  • #60,759
  • Jul 28, 2016 8:59pm Jul 28, 2016 8:59pm
102.76?
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  • #60,760
  • Jul 28, 2016 9:45pm Jul 28, 2016 9:45pm
Quoting PatienceFx
going long 104.80 with 107.40 tp also have a sell order at 107.40 with 106.10 tp i think this time boj is serious about stimulus
my 20 pip trailing stopped me out at 105.14
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