Yen strength

[syswizard]

97 to 96 today...straight down all day.

 

[DeltaSpreader]

Is anyone seriously looking to go long USD/JPY? I missed an entry point this AM at around 95.85ish just for a scalp though

 

[contra]

maybe take some profit here @ 97.50 on longs if you got in around 96.50.

 

[contra]

looks like a shot back down toward 97 or so for UJ

 

[dartheory]

or up to 100, 95.8 could be the swing low

 

[contra]

Quote from dartheory:

or up to 100, 95.8 could be the swing low

yea you never can know for sure but im looking for a move back down until it breaks the daily TL.

looking like a lower high now.

 

[dartheory]

nice call. For now it looks like you'll be right.

Euro should reach 1.342 now

 

[contra]

Quote from dartheory:

nice call. For now it looks like you'll be right.

Euro should reach 1.342 now

thanks, yea eur looks good, watching EUR/AUD as well.

Looks like someone used the USD news well, real slick...

 

[elisab]

Jpy is strong because August is traditionally a favorable month for the Japanese currency. Anyway, oscillators are going towards the oversold and after the benefic effect of the seasonality the short Jpy will be the only chance.

 

[contra]

Well touted size expiries Friday to_contain market pre weekend
USD 3bln at 97.00-10,
2bln at 97.50,
4bln 98.10,
2bln 99.00