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

JPY

Discuss JPY
 
Helmut
Hannover, Germany
Posts: 24
13 years ago
Sep 7, 2011 17:21
givemethebill, yes I have one long position already and got another today. An additional option would be to place FX orders to step in automatically with further orders via a pyramid lets say every two cent. When it happens this will only take only minutes and orders must be on place.

Thank you for your opinion.

BTW: The up and down of the EUR/CHF the last weeks was my best CFD FX performance ever. Maybe it can happen a second time, and even better prepared.
givemethebill
Japan
Posts: 316
13 years ago
Sep 7, 2011 16:26
I am still holding on to 2 Long positions and have interchangeably sold them off on profit and re-entered (keeping two new longs).
givemethebill
Japan
Posted Anonymously
13 years ago
Sep 7, 2011 16:23
Hello Helmut, my main fundamental is: i can not quite believe if Japanese companies are adapting well to the strong yen (altho my good friend JPm told me otherwise lol). Japanese depends fully on companies not school. They don't care if their students are stupid. and we're back to 1984 @ plaza accord and declining economy. how uncorrelated.

As you've seen for the past few weeks, you'll notice 3-4 spikes i think they are quietly making calming the yen. as u can see for the past 1 mth, support level is up from 76.28 to 76.42 to 76.69 and now 77.02 .. hopefully this gives a good indication. You may say because this is partly due to the strengthening of USD (which is true also).

in simple reality, we're already nearing a HISTORIC low of yen. It's quite obvious whether u want to be on short side of the boat worrying being knocked down whenever CB acts or the long side of the boat to ride the long awaited. Scalping does help too but overall keep the long readily available.
Helmut
Hannover, Germany
Posts: 24
13 years ago
Sep 7, 2011 15:09
@givemethebill, my understanding is that the USD/EUR is getting stronger due to the European debt crises. In return I believe there is more USD/JPY upside potential, may the BOJ turns on a turbo to weaken the JPY. Is this also your postion?
zed12
leicester, UK
Posts: 6
13 years ago
Sep 6, 2011 19:48
longing eurjp gbpjp give about 10 day will come through
givemethebill
Japan
Posts: 316
13 years ago
Sep 6, 2011 19:11
repeat .. pls do not attempt to short USDJPY in the next coming days otherwise
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 6, 2011 10:46
yeah.. my fully hedged fx account still moved by 1%?!..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Sep 6, 2011 10:33
Well I did suggest only take short side trades in jpy and chf :-)

Its interesting how the eurchf move has effected all pairs.
givemethebill
Japan
Posts: 316
13 years ago
Sep 6, 2011 10:06
+81-3-3279-1111 line is busy Sir lol
Sir Ignore
United States
Posts: 3068
13 years ago
Sep 6, 2011 9:42
tell em gimme!