Usd/jpy

[Ivanovich]

The only yen position I have is a short CAD/JPY @ 100. I did this because I think commods are seriously overvalued at the moment and in need of a rather sharp correction, and because the Yen is destined to strengthen.

 

[Chood]

Thanks for the reply.

 

[GlobalFinancier]

Long at 111.13

 

[GlobalFinancier]

Quote from GlobalFinancier:

Long at 111.13

Dumped at 110.60

Spot at 110.44 now though

 

[Kastro_316]

Long at 112.16



-Kastro

 

[Kastro_316]

Quote from Kastro_316:

Long at 112.16



-Kastro

Closed at 112.58

-Kastro

 

[downrivertrader]

I am long this pair from just above 112. I think we are at a critical mass level and if the current area around 113 builds value and moves up and builds around 114 then I am staying in until....

TARGET = 120.00

DRT

 

[JMowery1987]

USD/JPY 4 hour chart.

New to this pair.

Figured I'd post a screen shot.

 

[downrivertrader]

I have decided to sell my position at 115.08. This will be the key test in my opinion. If we don't build value here then I will get short again for a big move down.

I have about 300 points per contract on this and I will evaluate for now. Also with the massive sell off in Japanese stocks, scandal and doom and gloom, its a sure sign of a reversal.

Good luck
DRT

Quote from downrivertrader:

I am long this pair from just above 112. I think we are at a critical mass level and if the current area around 113 builds value and moves up and builds around 114 then I am staying in until....

TARGET = 120.00

DRT

 

[DrawDown]

"Meanwhile, the yen dropped sharply on rumors of a shooting of U.S. spy planes by North Koreans."

(http://www.marketwatch.com/News/Sto...D3-FFC1-4B2D-9C92-CFA88C6DC675}&siteid=google)

Yeah, USD/JPY went from 114.80 to 116.28. 150-pips - not a bad showing for this pair.

Just goes to show the sensitivity of the ForEx market.

Any thoughts?

DD