JP, i hve 80.14 at 11375 on the daily 14. i dont tend to pay to much attention to it unless its in a trading note or something. often the rsi can turn while the underlying prices keeps moving in the same direction it was going.
Mtl JP 15:01:07 GMT - 11/03/2014
what is your RSI reading on the daily usdyen ?
jkt abel 14:18:43 GMT - 11/03/2014
but under what scenario will usd and jpy die at the same time?
Mtl JP 14:16:52 GMT - 11/03/2014
c link in PAR 09:00 post
jkt abel 14:14:50 GMT - 11/03/2014
JP, i thought this is the decade of usd?
Mtl JP 14:09:57 GMT - 11/03/2014
what sort of dip can one try to enter:
the gap, I submit, will not close only when the dollar and the yen die at the same time.
jkt abel 14:09:19 GMT - 11/03/2014
resurrection of jpy carry trade?
jkt abel 14:02:56 GMT - 11/03/2014
problem now is what sort of dip can one try to enter if already left out? this is not a simple market to trade eventhough the trend is clear
jkt abel 14:00:02 GMT - 11/03/2014
agree completely red, forget about the gap, very unlikely to be filled
specs were left out so we can have cruise control to go up further
london red 13:53:19 GMT - 11/03/2014
JP, not much SK or anyone else can do esp since US have had to accept the move. but think 120 is the new 150. smaller moves in just abut all markets have bigger effects these days, so a move to 120 will have a similar effect that 150 did a 15 years ago. of course it will end in tears for some, as inevitably when the move ends someone will be left holding the parcel, but for now the move has some way to go. for today, it they get to 114.20 they may just take some profit there but nothing more than that. you have to buy the dips. fwiw there has never been a month in 30 years where the gap hasnt been filled - to fill it we need to fall to 112.47. given the policy change, this is unlikely despite the month being young. and when gaps arent filled, you tend to get a long candle in the direction of the breakout.
jkt abel 13:45:47 GMT - 11/03/2014
and the Chinese? they dont complain about it either?
Mtl JP 13:27:52 GMT - 11/03/2014
I want to see the S-Koreans freak out.
Like they are known to have done in the past on occasion
GVI Forex Jay Meisler 13:15:03 GMT - 11/03/2014
And Fed is doing its part. FX trends are strongest when there is economic/monetary policy divergence.
Don't believe those who say fundamentals don't matter.
GVI Forex john 13:03:27 GMT - 11/03/2014
U.S. is out to lunch. They don't care about anything!
GVI Forex Jay Meisler 12:49:18 GMT - 11/03/2014
An US is not objecting...
jkt abel 12:47:40 GMT - 11/03/2014
why not? currency war, everybody loves their currencies to be equal to toilet paper
GVI Forex john 12:45:28 GMT - 11/03/2014
I don't think the BOJ will be standing in the way of additional JPY weakness. Just my opinion.
jkt abel 12:07:30 GMT - 11/03/2014
chart projection says usdjpy 114.70 next
jkt abel 11:23:23 GMT - 11/03/2014
woohoo, by end of the month usdjpy 120? :)
London Chris 10:24:53 GMT - 11/03/2014
It looks like GBPJPY lis behind tne USDJPY move above 113
First GBPUSD moved and them USDJPY
There was some EURJPY going on too
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