• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Most liked posts in thread: USD/JPY

  1. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    By my count the Yen may be headed to 110 odd... missed the original chance to get on this earlier, instead going with a short on the EUR/JPY which is still struggling.. :( .. will be keeping an eye on this for an entry if it plays out to my count..
    Cheers
    ...........Kauri
     

    Attached Files:

  2. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Not sure yet if this is a minor 5th or if the 5th wave is going to subdivide... time will tell...
    Cheers
    .........Kauri
     

    Attached Files:

  3. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    The cont is not the best, but at least it's going in the right direction... for the moment...
    Cheers
    ...........Kauri
     

    Attached Files:

  4. wayneL

    wayneL Rotaredom

    Posts:
    17,637
    Likes Received:
    1,224
    Joined:
    Jul 9, 2004
    Re: USDJPY

    Not good news for the SM if it continues.
     
  5. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Yes...may be a sign of things to come... have a couple of speculative shorts on on the strength of a bit of fooling previously with time.. holy hell Batman..
    :D
    Cheers
    ..........Kauri
     

    Attached Files:

  6. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Am looking closely for a possible short trade... as an old girlfriend used to say.. be patient and let it develop...
    Cheers
    .........Kauri
     

    Attached Files:

  7. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Helped myself to a quick 50 points odd... watching to see if it develops into a trend as opposed to a rumour blip before committing ..
    Cheers
    ..........Kauri
     

    Attached Files:

  8. reece55

    reece55

    Posts:
    852
    Likes Received:
    1
    Joined:
    Jul 22, 2006
    Re: USDJPY

    Top trade Kauri, the move in the yen pairs tonight was quite dramatic across the board............ In an hour, the Euro/Yen lost about 100 pips, I am looking for a short on a longer time frame on that pair....

    Getting back to the USD/JPY, looks like there was quite sustained selling at 115.90~ level, i'm thinking the pair could potentially test the 111 - 110 level in the coming months..... Ironic however, as the economic data coming out of Japan is less than rosy......

    Cheers
    Reece
     
  9. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Hi Reece,
    Yep...I'm looking at 111 area longer term... running with a short on the skippy at the moment.. :D
    Cheers
    ..........Kauri

     
  10. reece55

    reece55

    Posts:
    852
    Likes Received:
    1
    Joined:
    Jul 22, 2006
    Re: USDJPY

    Well, I thought 111 in the coming months, but I didn't expect to already be at the 112 level...

    The USD/JPY pair is now at a critical level, if 112 were not to hold (and this is now the second time since Aug we have had a significant test) it will be a rapid move down to 108......

    Personally, I highly doubt the Japanese will allow the pair to get much lower - their economy is still in deflation mode and they know the number one important element is to continue to maintain a low exchange rate to ensure their exports remain attractive to their number one consumer - the US...

    Cheers
     
  11. reece55

    reece55

    Posts:
    852
    Likes Received:
    1
    Joined:
    Jul 22, 2006
    Re: USDJPY

    Well, so much for my prediction - 112 was jut defiantly broken and down we go pips in less than an hour....... I will be waiting for a rally back up to 112 and then there is a fairly easy short op to test the 108 area - however, as with most of the USD pairs, it is oversold...

    Cheers
     
  12. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Hi Reece,
    Seems the carry trade is unravelling again... AUDUSD-NZDUSD- and most JPY crosses are sinking tonight... :)
    Cheers
    ..........Kauri
     
  13. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Now this one has me baffled... but potentially it doesn't sound good.. :confused:
    Cheers
    .........Kauri

     
  14. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    110 just might be on the cards... :)
    Cheers
    ...........Kauri


     
  15. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Closed out short on the Yen... 110 seems to be very well defended... a bounce and good break of 110 may lure me back in??? (the 4th waves in both the 4Hourly and Weekly are a bit worriesome proportion-wise to the 2nd waves.. :D )
    Cheers
    ..........Kauri
     

    Attached Files:

  16. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Gone short on break of strong line at 110... may now be strong resistance??
    Cheers
    .......Kauri
     

    Attached Files:

  17. Kauri

    Kauri E/W Learner

    Posts:
    3,424
    Likes Received:
    0
    Joined:
    Sep 3, 2005
    Re: USDJPY

    Closed out short for 50 pip odd... not convinced that there is a lot of selling enthusiasm... I think.. or thought..
    Cheers
    .........Kauri
     

    Attached Files:

  18. ithatheekret

    ithatheekret

    Posts:
    1,721
    Likes Received:
    0
    Joined:
    Nov 1, 2007
    Re: USDJPY

    I think the Yen is starting to look overbought , that 108 area feels so ...... unnatural :D ........

    I've heard all the 102 talk ............ 105 I think I could swallow , but I think 110 is the target for me now .
     
  19. ithatheekret

    ithatheekret

    Posts:
    1,721
    Likes Received:
    0
    Joined:
    Nov 1, 2007
    Re: USDJPY

    Well , the shock of seeing the Yen really rise in strength , has had me fixated ...... until I checked in on my Swissie play , took a small position and it was more tongue in cheek than thoughtful speculation . My 109.300 got hit .... more like rolled straight over as it tapped on 108.'s doors .

    Just stunned , USA , had better make way for a new wave of Europeans :D
     
  20. ithatheekret

    ithatheekret

    Posts:
    1,721
    Likes Received:
    0
    Joined:
    Nov 1, 2007
    Re: USDJPY

    Is it starting to move lower again , look like it tried to push up into the 107's with 108.1's , don't know whether to call that a retest yet , US comes on board tonight , they have tended to be bullish ........ but my eyes are out for 108.9 at present , after the US session we'll see if 109 is on the cards or a retest of 107 's