killer1713006270 Posted February 22, 2012 Report Posted February 22, 2012 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. =) Quote
iwjw Posted February 22, 2012 Report Posted February 22, 2012 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 Quote
Kristianto Posted February 23, 2012 Report Posted February 23, 2012 i think it will hit 85 by midyear. japan monetary easing looks like it is just beginning. Quote
dasteksys Posted March 2, 2012 Report Posted March 2, 2012 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. Quote
nazmul haque Posted March 5, 2012 Report Posted March 5, 2012 I think, it has reached the optimum level and will bounce back fro 82 Quote
nazmul haque Posted March 5, 2012 Report Posted March 5, 2012 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 !! Quote
nazmul haque Posted March 7, 2012 Report Posted March 7, 2012 Today the USDJPY is in uptrend. It may hit 80.90 from 80.55 Quote
dezerter Posted March 28, 2012 Report Posted March 28, 2012 Just stick to trend, as simple as it is :) Quote
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