JPY

What do you guys think about USD/JPY on daily close below 76.50. Is this bearish? Or is the threat of BOJ intervention too high to drive the pair towards 76.00?

straight jpy might be an easier trade..

put and wait

put your pending long orders on each figures (100pips) on USDJPY & EURJPY for an iminent and massive intervention from BOJ. We are on the criticals levels

Could be that we see here a rounding bottom in the 4hour chart. The weekly chart has two Doji with a final break to the upside this week. Also the 1h chart looks bullish. Anyways I not a charting expert but believe that Japan cannot live with a stronger Yen forever.
http://www.bilderload.com/daten/screenshot20110909at1414191H5AP.png

A much weaker JPY, 10-20% less would be a superior stimulus for the Japanese economy, the export industry would benefit from it in a big way, lets watch if the BOJ follows Switzerland. I believe Japan has no problem in doing so because they own the JPY currency and cannot run out of money.

I will add two additional USD/JPY long orders at, 78,12 (above the EMA50) and another one at 78,80 to be prepared. A target could be 85.