Usd/jpy

Quote from GlobalFinancier:

GlobalFinancier thinks USD/JPY will go lower.(Thought so in my newsletter). But let's clear the scoreboard, spot at 116.20 now.
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EUR/USD breaking out, with MACD bull divergence. This will have bearish implications on the USD/JPY, though it has a bull divergence as well(these are all on the hourly charts)
Spot USD/JPY at 116.07, I see it heading lower.
 
Anyone here with any real street FX connections seeing big movements in the EUR/JPY cross itself? Is this what is driving EUR/USD and USD/JPY vs the other way around?

Cross collapsed from 143 to 137 and change last few days.
 
Quote from OfmY:

Yeah, I have "connections"

BoJ said me it would finish zero rate policy very soon. :D
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:sigh:

reminds me of that old quote, "With friends like these...."

:D

Unfortunately I don't think there is anyone here who sees real flows. Not an indictment, just a statement of fact.
 
I shouldn't think a person as "inside" as you appear to want would play giveaway with his or her edge. Would you?

Quote from drsteph:

:sigh:

reminds me of that old quote, "With friends like these...."

:D

Unfortunately I don't think there is anyone here who sees real flows. Not an indictment, just a statement of fact.
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Quote from Chood:

. . . I'm shorting (this session) the near month YEN future, expecting it to trade to or below .008500 this week or next.
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Soft US data today, coming after short entered last night, filled slightly more than 40 percent of the distance to my stop.
 
Quote from Chood:

I shouldn't think a person as "inside" as you appear to want would play giveaway with his or her edge. Would you?
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Past history does not constitute any significant edge in the FX markets. Just wanted to know if custys and specs had been trading size primarily in the cross.

The move is a bit over, woudn't you agree?

Still don't think that there are any interbank FX people on here.
 
Early, presumably thin, trade tonight bit off another chunk of distance to my stop. I'm very tempted to add another short at this level and stretch my stop on all three to .008745. Reason? If carry trade is sputtering out, soft US data today should have pushed near month YEN above .008700. It didn't, ergo the trade still has wheels.
 
Closed out my longs today at 77 pip profit. I will only be considering long JY considering my current indicators and signals. I do think that the move is overdone somewhat, and I will look to go long the JY at around 8600.

Regards,
Steve
 
Quote from drsteph:

The move is a bit over, woudn't you agree?
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I'm betting on it. But my sense is that it's more of highwire act than usual, with more soft US data possible this week. "What doesn't kill me makes me stronger." That might prove true for the USD after today.
 
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