Usdjpy

Quote from Mvic:

Time to short the Yen, HARD.

I am not used to forex, usually use futures when I dabble in currencies. If I want to play a Yen move to .0085-86 level in the next couple of months is there anything better in forex land than buying calls on the futures in terms of leverage with defined risk?
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No better ideas/instruments in Forex land than calls on futures?
 
Feb. 19 (Bloomberg) -- Japanese stocks may fall, led by Sony Corp. as investors refrain from buying shares ahead of the Bank of Japan's monetary policy meeting this week.


-waterfall stop run if they raise, possibly to 116.60, with a quick reversal, since the next rate hike will be a long ways away.
 
Quote from Spectre2007:

Feb. 19 (Bloomberg) -- Japanese stocks may fall, led by Sony Corp. as investors refrain from buying shares ahead of the Bank of Japan's monetary policy meeting this week.


-waterfall stop run if they raise, possibly to 116.60, with a quick reversal, since the next rate hike will be a long ways away.
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I guess I have to stay up until 1 am, darn!!!!


I don't know about the 116.60 level. Jpy took a tank from 122 level to 119.40 level. I think that were old saying comes into play. "The news are already priced in."

Although I might be wrong.:mad:
 
Quote from Spectre2007:

nikkei
usd/jpy
spoos

upticking....

gap up in usd/jpy...attempting to test 120.00 previous floor now resistance.
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I'm short the front month YEN future. Sold a couple this session either side of 8400. Looking to sell up two more overnight or day tomorrow. Working on a price for those entries.

My YEN trades are usually poor -- the poorest of any currency I trade -- so I don't begrudge faders.

I'm also short two NIKKEI futures (CME contract) from last Friday.

My last substantial NIKKEI trade was in 2005. I was lightly long, then medium long, then heavy long for most of the move in the last seven and half months of that year.
 
Inactive today; didn't add to YEN shorts. Not enough price action to merit it. Will sell two more tonight if/when price rises to and thru 8410. (Don't really expect that, though.) Stops to be set at 8505, 100 ticks (or so) from entries. Need 8200 for a 1 for 2 risk/reward.

Quote from Chood:

I'm short the front month YEN future. Sold a couple this session either side of 8400. Looking to sell up two more overnight or day tomorrow. Working on a price for those entries.
. . .
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