USD/JPY Discussion

I agree, and I think it will fall to 112.60 first.

Thanks I subscribed

Maybe you are right. It will probably be testing of the support level which was touched 17 Jan.

heres the thing these 2 charts have made the same move ,only one had to go further
give you an idea what next $ im posting a $ index spread even against the majors ,the $ is at major res
Trump has made an unusual announcement that he thinks its too high
also hes yet to put meat on the bones of the policies that drove the move in the first place

this time next wed week I think these will be bearish looking monthlies

Surely if Trump acts on what he has said and maybe tries to repatriate oversees US earnings by big companies this would be bullish for the dollar so what makes you guys confident that USD/JPY is bearish. I am a British student who has just started forex trading with my student finance so I am certainly not saying you're wrong just would benefit from some clarification on that. Thanks for all your help guys.

Also on more question if I may. I put in a long position on gold before the inauguration but didn't close it, what do you experienced traders think I
should do? I feel like there could be a big jump up on Monday and I have been able to move my stop to break even so I guess it is win more or lose the winnings so it isn't the worst scenario.

If you would like to track and trade the USDJPY this week, be aware that the current market mode is ambivalent as the buyers are still influential even though the trend seems to favour the sellers. On the 4H time frame, price action is at a significant S/R zone and a rejection of the zone to the downside to respect the descending channel (navy colour) is likely. There is the possibility that price action will pursue a southwards drive thereafter as a significant moving average has been acting as a dynamic resistance for the past two weeks. More details are shown in weekly technical outlook.

Trade safe and prosper.

KP

USD/JPY not done rising yet. Likely to move to 120 before reversing much lower . I am not currently in any position on this pair but will keep an eye on price movement if it does approach 120, looking for triggers to short it thereabouts

i agree but we might see 120 maybe after 105 which might take months

USD/JPY is taking a beating. However, it might bounce up from the 113 level.

Or from the 112.00 level . . . .

Hard battle at bull stronghold 113.6xx

Good Morning All

http://www.zerohedge.com/news/2017-0...ops+to+zero%29

Snippet:
While US stocks closed near session, and all time highs on Friday, the first green close on inauguration day in over 50 years, Monday has seen a modest case of buyer's remorse, with European stocks sliding, Asian shares mixed and U.S. futures lower as the dollar weakened for the 3rd consecutive day to a six-week low, dropping as much as 1% against the Yen, as anxious investors awaited more details of Donald Trumps policies, or - as Reuters put it - the "Trump reality set in." While European shares and US equity futures sold off in early trading, tracking the USDJPY, the now traditional buying levitation wave has emerged, pushing US futures close to unchanged on the session.

The modest risk off session, which comes after world stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary fiscal spending measures, has seen shares in developed markets fall with the dollar, while lifting metals and Treasuries after Donald Trump offered little more on plans to boost growth while stirring concerns over protectionism in his first days in office. Europe's Stoxx 600 Index dropped to its lowest level this year, while U.S. futures slid and the dollar fell against all major peers. The weaker currency pushed aluminum to the highest in more than a year, while ten-year Treasury yields fell a second day.

"The focus this morning is on the protectionist rhetoric and the lack of detail on economic stimulus, so it's a nervous start (to the presidency)," said Investec economist Victoria Clarke. "The other concern is how the Fed interprets Trump's stance, the worry being the less he does on fiscal stimulus the more nervous they may get on pushing the rate hikes through."

While the U.S. Presidents campaign-trail promises to boost growth and spending helped drive a post-election rally in equities and the dollar, by Monday, investors were calling into question how words would be translated into actions. So far, Trump has focused on a feud with the press over attendance at his inauguration rather than offer concrete plans, leaving investors in limbo. As the chart below shows, while stock dispersion may have risen in recent weeks, cross-asset correlation remains as high as ever, with most asset classes trading largely as a continuation of the Trump trade.
http://www.zerohedge.com/sites/defau...ll%20one_0.jpg
"The markets and a lot of international investors, whilst theyre nervous about Trumps geopolitical and trade aspirations, have wanted to believe the reflation trade, Neil Dwane, a chief investment officer at Allianz Global Investors Capital LLC told Bloomberg Television. Were seeing now is that it is going to be hard. The optimism was always way ahead of what Trump would be able to deliver and now youre seeing some profit-taking."

Trump is running the country like his business empire.....

Any tweet from him saying USD is too strong, will send the currency into freefall

Crazy action. I'm hoping they do a gap fill Wishing the Trumporama zigzag is over and fills the gap now....

total mess today

yes nothing is clear

BenjaminIs , I personally believe that President Trump may probably try to keep USD Traders on their toes throughout his Presidency regardless of how long it lasts. Thus , I believe he may purposely make decisions which Mainstream Media Outlets will grab and run with like piranhas. The market reaction will influence and lead to periodic spikes and declines in the USD (more than usual) , thus , creating more havoc for an already dysfunctional US FED , concerning what number of rate hikes may occur this year , if any.
If Trump is to achieve the majority of his Growth Goals , I suspect that a LOW USD intertwined and tempered with FED RATE HIKES that must be kept to a MINIMUM.
TRUMP and many of his colleagues understand perfectly what CHINA has accomplished by manipulating it's currency without basically any repercussions whatsoever.
Probability of success for the US Economy , I believe , would be slanted in it's economic favor.

Interested what your perspective is on my statement BenjaminIs.

May your trades be successful ones !

Right. MM run trading business and will do anything to make money on retail traders...and I believe they welcome DT personality to be in center of attention all day every day. Circus will last 4years at least unless to be impeached.

A few years ago MM were doing same with Merkel and Juncker when was crisis about greece: merkel open mouth , market move then juncker an hour or so later say something opposite and market responded. Fortunately that circus lasted less than a year...

The Yen is the strongest currency today I wonder if this was just a correction or this is just continuation of a bearisch trend. The Trump Balloon wont last long anyways.What do you guys think?