USD/JPY

Investor123 · 3 September 2008

Shorted USDJPY

Stock market has continued to move downwards pulling USDJPY lower. Fear in the financial market will continue to strengthen Yen and create unwinding of carry trades.

According to the Big Mac Index, Yen is undervalued by 27%, so there is a lot of downside for USDJPY.

My trading system has been signalling SELL for USDJPY since it is trading at 109.60, and it is still signalling SELL now.

Shorted 10,000 USDJPY at 108.82
Stop level at 109.85
Target level at 106.85

Investor123 · 8 September 2008

Re: Shorted USDJPY

Investor123 said:
Stock market has continued to move downwards pulling USDJPY lower. Fear in the financial market will continue to strengthen Yen and create unwinding of carry trades.

According to the Big Mac Index, Yen is undervalued by 27%, so there is a lot of downside for USDJPY.

My trading system has been signalling SELL for USDJPY since it is trading at 109.60, and it is still signalling SELL now.

Shorted 10,000 USDJPY at 108.82
Stop level at 109.85
Target level at 106.85

Target level of 106.85 was reached last Friday, profit is 197 pips.

Shorted USDJPY again

Today the yen fell by the most in three months against the euro and dropped versus the dollar as the U.S. government's takeover of Fannie Mae and Freddie Mac prompted investors to buy higher-yielding assets. This has caused USDJPY to rise to a peak of 109.00 during the Asia hours.

I do not think that Yen weakness is sustainable. As long as there is fear and crisis remain in the financial market, Yen will rise and push USDJPY lower. I predict that we will see USDJPY going to to 104.00 before end of the year.

My trading system has signal SELL for USDJPY when it was trading at 109.60, and it is still signal SELL today.

Shorted 20,000 USDJPY at 108.43
Stop level at 109.38
Target level at 106.94

Investor123 · 9 September 2008

Re: USDJPY

Yesterday I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94.

USDJPY moves in my view, trading at 107.45 now, profit is up 92 pips.

My trading system is still signal SELL for USDJPY.

Investor123 · 9 September 2008

Re: USDJPY

The dollar fell for the first day in three against the yen on speculation U.S. consumer spending will falter as the housing market weakens.

Treasury 10-year notes gained yesterday amid speculation that the government bailout won't reverse the U.S. economic slowdown.

Investor123 · 10 September 2008

Re: USDJPY

Investor123 said:
Yesterday I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94.

USDJPY moves in my view, trading at 107.45 now, profit is up 92 pips.

My trading system is still signal SELL for USDJPY.

On Monday 8 September, I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94.

The yen traded near a one-year high against the euro on speculation credit-market losses will spread, prompting investors to reduce holdings of higher-yielding assets funded with Japan's currency. Rising yen pushes USDJPY cross downwards.

USDJPY went below 106.94, reached my target level, so position is closed. Profit is 143 pips, US$264.44.

Investor123 · 10 September 2008

Re: USDJPY

Futures Traders Trim Bets on Yen Drop Vs Dollar

Futures traders decreased their bets that the yen will decline against the U.S. dollar, figures from the Washington-based Commodity Futures Trading Commission show.

The difference in the number of wagers by hedge funds and other large speculators on a decline in the yen compared with those on a gain -- so-called net shorts -- was 19,970 on Aug. 26, compared with net shorts of 23,138 a week earlier.

I had just closed my USDJPY trade with 143 pips profit, I will be looking to short USDJPY again if it rises above 108.50 level.

Investor123 · 13 September 2008

Re: USDJPY

Shorted My Favourite Currency Pair again

My favourite currency pair is USDJPY because it has helped me to make money on several trades already.

As long as financial crisis is not over, hedge funds will continue to unwind their carry trades. Fear in the financial market will strengthen Yen.

My mid-term target price for USDJPY is 104, I believe we will see this level before end of the year.

My system is still signal SELL for USDJPY.

Shorted 20,000 USDJPY at 107.40
Stop level at 108.50
Target level at 106.10

Kauri · 8 October 2008

Re: USDJPY

the lesser-spotted raw prawn pattern suggests a carefull short...to me..
....just hope it doesn't turn out to be raw!!!

Cheers
..............Kauri

Kauri · 8 October 2008

Re: USDJPY

Kauri said:
the lesser-spotted raw prawn pattern suggests a carefull short...to me..
....just hope it doesn't turn out to be raw!!!

Cheers
..............Kauri

just love them prawns...

Cheers
...........Kauri

Kauri · 8 October 2008

Re: USDJPY

Kauri said:
just love them prawns...

Cheers
...........Kauri

1R locked in... time to slip aways for some lubrication.... apologies for any bad behaviour in advance...
Cheers
...........Kauri

chops_a_must · 8 October 2008

Re: USDJPY

Another one of those days that ends with Y hey Kauri?

Kauri · 8 October 2008

Re: USDJPY

fun whilst it lasted... thanks heavens for Y's...

Cheers
..........Kauri

Kauri · 9 October 2008

Re: USDJPY

been trading the range... down once... waiting to see if she makes it back up afore resetting..

Cheers
............Kauri

Kauri · 10 October 2008

Re: USDJPY

Kauri said:
been trading the range... down once... waiting to see if she makes it back up afore resetting..

Cheers
............Kauri

only got one more range trade down... so far..

Cheers
..........Kauri

BentRod · 10 October 2008

Re: USDJPY

Cmon....you know you wanna

BentRod · 15 October 2008

Re: USDJPY

USD JPY 1H

IFocus · 24 October 2008

Re: USDJPY

USD.JPY currently getting smashed

.

BentRod · 24 October 2008

Re: USDJPY

Thats not smashed.

Check out the JPY crosses.

Now that's smashed!

CanOz · 24 October 2008

Re: USDJPY

i just cannot believe the moves i have missed today! What a day! Unbelieveable

BentRod · 24 October 2008

Re: USDJPY

Plenty of action left Cannie.

SP Futs have gone limit down.

Going to be an interesting night

USD/JPY

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