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USD/JPY

Discussion in 'Forex and Cryptocurrencies' started by Kauri, Aug 21, 2007.

  1. Profit Scenario

    Profit Scenario

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    Re: USDJPY

    If the JPY drops against the USD that means that USD gets stronger (relatively) so USDJPY is going to rise; you definitely should go LONG on that. Inspite of this fact that if you decide to go AGAINST the market and go short, yes you can.
    Your broker should not have to say anything just accept your trade order regardless its direction.
     
  2. arco

    arco action-reaction

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    Re: USDJPY

    .
    Early warning given on the blog - circa +500 pips

    Learn the Ichimoku Magic

    Happy New Year to All - arco
     

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  3. >Apocalypto<

    >Apocalypto< 20.03.2012

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    Re: USDJPY

    Live one I just got on.

    I have bought USD/JPY at 90.955 SL at 89.98 TP at 90.52.

    Got a bounce to new high off/just below MAs ATR climbing suggesting volatility picking up with the new break.

    time will tell, blue line is ent on the chart.

    Good Trading
     

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  4. ThingyMajiggy

    ThingyMajiggy

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    Re: USDJPY

    Am I missing something here or is that a typo?
     
  5. >Apocalypto<

    >Apocalypto< 20.03.2012

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    Re: USDJPY

    major typo ent was at 90.155! exit at 90.50

    thanks for the pick up Sam
     
  6. ThingyMajiggy

    ThingyMajiggy

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    Re: USDJPY

    Well done, nice trade! :)

    Do you trade the 3 main ones mostly? EURUSD, USDJPY and AUDUSD?
     
  7. >Apocalypto<

    >Apocalypto< 20.03.2012

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    Re: USDJPY

    cheers,

    I focus on 4 pairs, EURUSD USDJPY USDCAD & GBPAUD of late I have been looking at the USDNOK and EURGBP alot as well.

    6 pairs is about my limit.

    Good-Trading..................
     
  8. professor_frink

    professor_frink Moderator

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    Re: USDJPY

    This just flashed up on the screen, instantaneous 40 pip spike on the USDJPY, 60+ on EURJPY:eek:
     
  9. professor_frink

    professor_frink Moderator

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    Re: USDJPY

    Surprised this hasn't been commented on yet!

    BOJ have decided to intervene to try and weaken the yen:

    http://www.bloomberg.com/news/2010-...nce-2004-as-yen-surge-threatens-recovery.html


    Some interesting analysis from Mish too:

    http://globaleconomicanalysis.blogspot.com/2010/09/currency-intervention-madness-japan.html

    And a chart to update things as well:
     

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  10. lusk

    lusk

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    Re: USDJPY

    All central banks manipulate their currency, The RBA did it not long ago when the aussie dollar plunged to 60 cents, probably do it again before it reaches parity too. :cautious:
     
  11. ThingyMajiggy

    ThingyMajiggy

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    Re: USDJPY

    Mmmm still only back to where it was a couple of weeks ago though? Will it really make that much difference? Probably just a good time to short :D
     

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  12. tayser

    tayser

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    Re: USDJPY

    GBP/JPY 128 to 133.... hello :D
     
  13. noie

    noie

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    Re: USDJPY

    Yes i am happy with that (paid in pounds living in Tokyo)
    I still dream of the 240 when i first made my way here.
     
  14. ThingyMajiggy

    ThingyMajiggy

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    Re: USDJPY

    Looks like there will be some more intervening..
     
  15. tayser

    tayser

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    Re: USDJPY

    of course there will be - their last intervention lasted a year or more!

    the BOJ's going to make some good cash-money-farken in the process too! :D
     
  16. zac

    zac

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    USDJPY

    USDJPY has been an unusual one.
    Only a couple weeks ago analysts were saying that it looked like it was going to have a breakout to the upside.
    It was trading around the 78 mark,

    As of the last few days there was a huge drop and now is around 76.6
    I cant understand why the JPY has strengthened. Fundamentally I cant see what the changes are, also as the USD is actually strengthening.

    Also for the weeks before there was little variation in the value, ie it hovered just under 78 but the last few days has seen it swing south a fair bit.

    Anyone able to shed any light?
     
  17. Boggo

    Boggo

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    Re: USDJPY

    How to get stopped out too soon.

    Went long, had to go out for a while so I set stop loss and take profit at the 2.7 x R/R. Profit stop executed and it just kept on going, why is that it never does that when I am watching it.
    Could have got 7.8 x R/R :( and its still going.

    (click to expand)
     

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  18. Douglas Class

    Douglas Class

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    USD/JPY DAILY as of Thursday, 14 March, 2013
    The present wave patterns are:
    fast amplitude (8%): bullish wave C
    moderate amplitude (13%): bullish wave 1
    normal amplitude (21%): bearish wave 4
    US Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 86.58 is increasing. The Relative Strength Index is at 66.82 in the neutral territory. The Relative Momentum Index is at 86.39 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 2.75, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 77.84. This value is in the overbought territory.
    A Daily white body has formed (because prices closed higher than they opened).
    A Daily engulfing bearish line has formed on 12/03/2013 (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears.
    If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
     

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  19. Boggo

    Boggo

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    Interesting commentary Douglas, Cheers.

    In the wave 4 retracement area now on the 5 min chart, dont really like the out of proportion W2 vs W4 though, no symmetry.

    (click to expand)
     

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  20. Douglas Class

    Douglas Class

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    USD/JPY DAILY as of Wednesday, 20 March, 2013
    Elliott Waves High Volatility has detected an Isolated Low at 94.37 one bar ago ; this is usually a bullish sign
    The present wave patterns are:
    fast amplitude (8%): bullish wave C
    moderate amplitude (13%): bullish wave 1
    normal amplitude (21%): bearish wave 4
    US Dollar / Japanese Yen is long term Bullish as the 144 days moving average of 87.05 is increasing. The Relative Strength Index is at 58.24 in the neutral territory. The Relative Momentum Index is at 78.07 in the overbought territory. An important indicator for Elliott waves, the Elliott oscillator is at 2.07, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 9.70. This value is in the oversold territory.
     

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