USDJPY Discussions

[autotrader1 10]

USD/JPY DAILY as of Tuesday, 26 March, 2013

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal. SAR signal was a Sell 2 days ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Bullish

A Daily black body has formed (because prices closed lower than they opened).

For the past 10 Daily candlestick bars as of 25/03/2013, there are 3 white candles versus 7 black candles with a net of 4 black candles.

For the past 50 Daily candlestick bars as of 25/03/2013, there are 24 white candles versus 26 black candles with a net of 2 black candles.

Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily black crows, the steady downward pattern is bearish.

[zdo 20]

Hi,

Would appreciate your comments and feedback.

http://www.traderslaboratory.com/forums/forex-trading-laboratory/15943-yen-series.html

Best

TradeCuts

 

TradeCuts,

 

I liked them. Straight up charts with projections.... minimal 'indicators'...

Also appreciated that you made your own golden C ...

 

zdo

[TradeCuts 10]

Yens continued their journey in descending channels and testing the lower trend line. Current price action suggest Bears are running out of momentum in JPY pairs. If you are Short keep your Shorts , Short otherwise look for nice Long Entries but don’t jump in too soon. Caution with Yens.

Our outlook for the Yen pairs is sideways. Here's a detailed look at Usd/Jpy for 28th March:

[TradeCuts 10]

Hi,

As opposed to the other Yen currency pairs, today Usd/Jpy is forecasted to go long.

Yens continued their journey in descending channels and are testing the lower trend line. Current price action along with resistance and European currencies getting weaker, indicate at shorts in most pairs except Usd/Jpy.

Best

TradeCuts

[Larry1234 10]

Check the below given thread -

 

http://www.traderslaboratory.com/forums/market-analysis/16222-will-quantitative-easing-japans-savior.html#post178843

 

I have posted about the USD/JPY from long term point of view.

[Vinayak 10]

How has Abenomics been doing so far?

 

Japan's global brand names have been benefitting greatly from the devaluation of the Yen. There is Toyota that will have its earnings release on Wednesday that is going to be extremely good. Demand is on the rise in North America for the car maker despite the recent airbag defects.

 

Sony is expected to report its first annual profit in 5 years, but this is a little misleading. The major reason for this will be the billion-dollar sale of its headquarters in NYC.

 

As much as exports have picked up due to Abenomics, they could be much better. One has to take into account the slow demand from the stabilizing EU which has hurt exports. In terms of its competition with neighboring China, there has been much made of the fact that economists feel that Chinese exporters have exaggerated data and this is why the February numbers were better than expected.

 

Still, Japan has been losing its grip over the last two decades. Southeast Asia is the fast growing region with much to offer investors.

 

Japan is hedging a lot of its bets on the successful outcome of Abenomics.

[ntrader 10]

The strong impulsive look of the rally from 75.50 suggests that USD/JPY is now in a long term up trend. Key focus will be on current 100/103.10 resistance zone. Sustained trading above there would open up the case for further extension through 124.13 resistance in the long term. For the short term (week) i am expecting a pull back from the ecent highs.

[ntrader 10]

The Japanese yen rallied after a fresh 4-1/2 year low, helped by weaker-than-expected Chinese data and selloff in Japanese stocks boosted risk aversion. The yen was also supported due to the jump in 10-year Japanese government bond yields, which rose to 1%, the highest in a year. USD/JPY closed at 101.28 on Friday i will play the rebound from that level up to 102

[ntrader 10]

USD/JPY extended its decline down to key support around the 95.00 level and managed to rebound and recover that loss intra-day, that move makes me believe that mabe we will see a further recovery above 100.50

[ntrader 10]

The downtrend from 100.60 has been completed at 97.73 low and the bias is already positive, for a rise towards 100.60.

[tradingwizzard 10]

The downtrend from 100.60 has been completed at 97.73 low and the bias is already positive, for a rise towards 100.60.

 

what time frame you are looking at?

 

TW

[ntrader 10]

I am mostly looking weekly time frame

[ntrader 10]

USD dropped sharply against the yen in the beggining of the week but then recovered these losses. US releases looked sharp and the improving US economy bodes well for the dollar. At the same time, the Japanese economy has been picking up steam, and if this week’s inflation numbers are strong, the yen could gain ground.

[Ammeo 10]

Taking the move from 105 in mths i do see the current up move from 80-100 is sure lot without form of corrections.... but at same time, look at the retracement of tthe downmoves from there on and on all way till below 80 since start 01082008.... given current pricing 96-97 area, in my view it seems sweet for a short.... but on note, i am seeing the cake at 104.45 for a sweeter short, casting retracement towards south or reversal.... 104.45 which is just below 105 seems sweeter and much convincing in terms for the sellers to start loading retracement/reversal....

[Ammeo 10]

SL move to 98.3 (to avoid sudden drop).... I still can re enter...

 

TP set to 99.5.. (Valid until NFP day)...

[Ammeo 10]

Strong Bull Market. We must see upper gap open next week...

[Ammeo 10]

Thinking USD/JPY is going to break through 100 strongly and not look back. Both JPY and USD are in 3rd waves.

 

initial target: 109.

[Ammeo 10]

I think we will come down to 99.8x-9x level early next week and we will get a bounce upwards. if the bounce is impulsive upwards and takes out current highs within 16 hours then we are continuing the upmove. If we get a corrective bounce, then likely we head down to at least 98.5 level...

[Ammeo 10]

1.1 billion option expiry in USD/JPY at strike price of 101. be careful it might give a false breakout below 101..

[Ammeo 10]

I see the nearest resistance for USD / JPY is 103, 200:

[Ammeo 10]

If any, probably bullish, be it from investors pulling out assets, our Japan buying more F-35s

[Ammeo 10]

Daily and weekly TF point to the upsides though. theres resistance at 103.79 on the weekly TF and we were hoping for a retracement on the daily to about 100.3.

[Ammeo 10]

Seems like USD didnt like that PPI number that came out a while ago. Tapering headache continues.

 

Guess 102.00 will be support. 104 resist

[Ammeo 10]

Failing to crack 105 on closing will lead to 103.50 again be4 breaking 106++..

[Ammeo 10]

Man, Usd/Jpy is getting killed...

 

USDJPY Slumps Most In 4 Months As Nikkei Futures Tumble 450 Points

 

USDJPY – Testing recent lows at 104.15.. below the sell stops of 104.10 are bids at 104.00