USD/JPY

Profit Scenario · 28 December 2009

Re: USDJPY

akkopower said:
Anyone got any comments where this one will be heading.

Silly question. If I have the view that the yen will drop against the USD, am i able to short the jpyusd?

Will a broker sell me this or just tell me to go long on the 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.

arco · 31 December 2009

Re: USDJPY

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

Learn the Ichimoku Magic

Happy New Year to All - arco

>Apocalypto< · 10 March 2010

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

ThingyMajiggy · 10 March 2010

Re: USDJPY

>Apocalypto< said:
I have bought USD/JPY at 90.955 SL at 89.98 TP at 90.52.

Am I missing something here or is that a typo?

>Apocalypto< · 11 March 2010

Re: USDJPY

ThingyMajiggy said:
Am I missing something here or is that a typo?

major typo ent was at 90.155! exit at 90.50

thanks for the pick up Sam

ThingyMajiggy · 11 March 2010

Re: USDJPY

>Apocalypto< said:
major typo ent was at 90.155! exit at 90.50

thanks for the pick up Sam

Well done, nice trade!

Do you trade the 3 main ones mostly? EURUSD, USDJPY and AUDUSD?

>Apocalypto< · 11 March 2010

Re: USDJPY

ThingyMajiggy said:
Well done, nice trade!

Do you trade the 3 main ones mostly? EURUSD, USDJPY and AUDUSD?

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..................

professor_frink · 16 April 2010

Re: USDJPY

Japan Ruling Party Lawmaker: Need monetary easing, FX intervention to weaken JPY, beat deflation
( Update 1 , 12:09 )

Says:
- Government should set 2% inflation target for BOJ to achieve within 2 years
- BOJ must abandon its cap on JGB buying to reflate economy.

This just flashed up on the screen, instantaneous 40 pip spike on the USDJPY, 60+ on EURJPY

professor_frink · 15 September 2010

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

Japan intervened in the foreign- exchange market for the first time since 2004 after a surge in the yen to the strongest against the dollar in 15 years threatened to stunt the nation’s economic recovery.

Finance Minister Yoshihiko Noda told reporters in Tokyo the yen sales were unilateral. Chief Cabinet Secretary Yo****o Sengoku said the ministry “seems to think” 82 yen per dollar to be the line of defense, after it reached 82.88 earlier today.

Some interesting analysis from Mish too:

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

Is Currency Manipulation OK or Not?

Both China and Japan are intervening in the Forex markets for the same reason, to strengthen exports and stimulate the economy.

Pardon me for asking the obvious question but it needs to be asked: Why does Geithner give the green light for Japan to intervene in the currency markets but China is threatened with a currency manipulator label for doing the same thing?

And a chart to update things as well:

lusk · 15 September 2010

Re: USDJPY

professor_frink said:
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:

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.

ThingyMajiggy · 15 September 2010

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

tayser · 16 September 2010

Re: USDJPY

GBP/JPY 128 to 133.... hello

noie · 16 September 2010

Re: USDJPY

tayser said:
GBP/JPY 128 to 133.... hello

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.

ThingyMajiggy · 17 September 2010

Re: USDJPY

Looks like there will be some more intervening..

tayser · 17 September 2010

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!

zac · 3 January 2012

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?

Boggo · 14 March 2013

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)

Douglas Class · 14 March 2013

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.

Boggo · 14 March 2013

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)

Douglas Class · 20 March 2013

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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