USD/JPY

Does it see $98 before $100? Thought at one point today they were going to take it under $99 but its rallying back to near day's high.

Anyone with any technical insight or just wants to chime in, feel free. Thanks.
 
I was nicely positioned for usjy down today but stopped out with minor loss. Idea the same not getting to 100.

Not changed my mind, looking for re-entry. Could easily be couple 100 pointer.
 
Any input as to the current levels?

I was short yesterday and was stopped out overnight.

Looking to re-enter but are we in no-man's land?
 
Churned for over 2 hours @ $100.40ish and sell side was looking heavy. I was almost going to enter and now just clipped higher with current ask @ $100.67. Looks like another flat position day for me.

I may have to end up taking long side the way this is looking. Clearly yesterday's move off $99.10 looks pretty convincing. You would think this trade is getting a little crowded by now on the long side.
 
Nice. It seems that timeframe is used by a couple of folks I know. Interesting. Well looks like I may have caught a little break. When the markets started looking a little tired I took a short position on the USD/JPY @ $100.625 so see what happens. So far its moving in my direction. Most likely will close < an hour from now unless it looks like its heading back below $100.
 
Quote from DeltaSpread:

Nice. It seems that timeframe is used by a couple of folks I know. Interesting. Well looks like I may have caught a little break. When the markets started looking a little tired I took a short position on the USD/JPY @ $100.625 so see what happens. So far its moving in my direction. Most likely will close < an hour from now unless it looks like its heading back below $100.

I have almost the exact same trade on.

I'm a bit weary because this thing is quite strong despite the weakness in the broader market. 101+ on a squeeze?
 
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