JPY at end of trend?

[Proximo] · Oct 15, 2010

I'm short -- but I was taking about 5K of heat there.

Going to take some off pretty soon.

ASusilovic · Oct 15, 2010

Quote from [Proximo]:

Washout as in Yen getting stronger -- or longs getting trapped?

Usually, the YEN makes double bottoms, triple tops etc. I wouldnÂ´t be surprised see 80.87 low today. Perfectly double bottom 80.88 yesterday....;=)

[Proximo] · Oct 15, 2010

Hopefully -- cashed out 30% @ ~ 0.012282.

Primary target @ 0.012230.

JSSPMK · Oct 15, 2010

I was just about to mention, you beat me to it. Please mention whether you are talking about Yen futures or UJ spot

JSSPMK · Oct 15, 2010

http://www.ft.com/cms/s/0/d5525428-d829-11df-a7b4-00144feabdc0.html

ASusilovic · Oct 17, 2010

Expect further USD/JPY and GBP/JPY losses...

JSSPMK · Oct 17, 2010

Quote from ASusilovic:

Expect further USD/JPY and GBP/JPY losses...

Is your conclusion based solely on that graph?

[Proximo] · Oct 17, 2010

Cashed out on Friday -- with a minor gain.

On standby at the moment.

ASusilovic · Oct 17, 2010

Quote from JSSPMK:

Is your conclusion based solely on that graph?

No.

http://www.cftc.gov/dea/futures/deacmelf.htm

JSSPMK · Oct 17, 2010

Quote from ASusilovic:

No.

http://www.cftc.gov/dea/futures/deacmelf.htm

Ok, but wasn't that similar in Euro when it was diving? We had both sides dramatically short & then China stepped in. Also looking at other USD crosses they look very OB on daily.