What you think about USDJPY now?

[killer1713006270]

What do you think about USDJPY now? bulls in action ? =)

 

I believe in a retracement for 79.30 area then back again to test 83.00 areas.

 

Just my 2 cents. =)

[iwjw]

I'm sitting with a few sellorders between 80.38 and 80.90

But I will cancel them if there is a retest of 80 before one of my prices is reached.

Will then again be looking for shorts next week, because I'm expecting some profit taking from japanese exporters in the month end week.

I read an article yesterday, that a weekly close above 80.90 would open the door for 100

[Kristianto]

i think it will hit 85 by midyear. japan monetary easing looks like it is just beginning.

[dasteksys]

Coming into this past week I was looking for the October intervention highs of 79.53 to break. That happened. And for USDJPY to surpass the August BOJ intervention induced highs of 80.24 99 (the first red line) -- which it did. Given the confusion surrounding Europe and the euro, market participants have indeed gotten excited about the yen trade. They've made money in it. And they continue to build big positions in the theme of a major trend change here. It all boils down the BOJ policy changes from Feb 14. The biggest deal: they set an inflation "expectation" – with that, they vowed to print yen until they dig their way out of deflation and hit a target of 1% inflation. That's a clear enough message to get big players very excited to establish big short yen positions.

[nazmul haque]

I think, it has reached the optimum level and will bounce back fro 82

[nazmul haque]

I have caught several times in this pair within last 2 months. It's character now fully uncomfortable. it had an opposite character with euro usd, not now it is not been followed !!

[nazmul haque]

Today the USDJPY is in uptrend. It may hit 80.90 from 80.55

[dezerter]

Just stick to trend, as simple as it is :)