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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
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mandiwie
kartitsch, Austria
Posts: 69
14 years ago
Apr 2, 2010 19:20
Ashraf
will the yen-cross weaken further even thought they meet heavy resistance lines; what is the impact of the NFP figures in your mind ?
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 2, 2010 19:08
Not sure about USD/JPY. NFP is not overly optimistic considering more than 8 mill jobs were axed since Jan, 2008 and a mere 162,000 created. Not clear how many temporary. That keeps CPI at bay BUT
Japan is in a deflation down spiral hence has "negative" inflation. EURO zone CPI goes up and up despite of only low paid new jobs.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 2, 2010 18:05
This could go to 97


Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 2, 2010 17:53
I trade USD/JPY but closed over weekend made +200 pips. Trade EUR/CAD EUR/SEK EUR/NOK EUR/CHF all short. Closed USD/CAD short opened USD/CAD long. Opened AUD/USD short.
And of course EUR/USD short opened at 1.36 .
Gunjack
London, UK
Posts: 1184
14 years ago
Apr 2, 2010 13:16
Anyone here trading USDJPY....never traded it so wanted to see what others on here thought about it, as on my technicals it looks o/bought..Thx
Callum
Singapore, Singapore
Posts: 179
14 years ago
Apr 2, 2010 12:19
Hi Ashraf, now that we are already hit 94 levels, as you had foretasted, do you have a view to how high USDJPY may go further? Thanks, Callum
magess
Selangor, Malaysia
Posted Anonymously
14 years ago
Apr 2, 2010 7:49
Ashraf, you were right, Yen is about to touch 94.00 today.
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Apr 2, 2010 1:21
Hey Mont,

Welcome back.

Haven't read Livemore - maybe I should - would have made fewer mistakes. Get it - how you test the water, sometimes I do make the mistake of testing to much - which eats up profits - but I normally learn from these small loses.

I don't understand the yen fundamentals either (not that I care) - just trade on technical analysis.

Yen trade is working well at this stage added to the original short (93.6) at 94 which it just kissed.

Will take a few days to work out - if it does . looking for sub 92. will need to set up stops and limit orders as I am off to Fiji for a few days
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 2, 2010 0:30
@Nzvik: "Also, catching absolute tops and bottoms is a losing exercise for me at atleast - so start small - and see how the trade develops over the next day or two - add to it or get stopped out. "

This reminded me a little bit of the stories of Jessie Livermore who would test the market with small (or in his case, perhaps not so small) trades.

Being a low-leverage man myself as well, I often regard a lot of my trades as test trades.....kind of like dropping a twig in the water to see which way the current is flowing. I also use them as kind of "markers", if that makes any sense.

Having said that, I'm not in any JPY trade myself at the moment. I don't think I understand the JPY well enough yet (not that I necessarily understand the USD, the EUR, the GBP, ....etc either :-))) ).
ptaczek
Brno, Czech Republic
Posts: 110
14 years ago
Apr 1, 2010 12:45
@nzvik: COT data lag a little, also banks doesn't have to reveal all data for some time. But thanks for your view.

@catnip: could you tell me more about your trade planning according to bond & credit markets, please? Post it here or send me a mail at ptaczek@gmail.com Im interested in what you usually do, how you evaluate the data and where do you acquire the data :)
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