This FX pair is not for beginners.
Even experienced ones need to be very careful.
The only way to trade this is with a lot of patience.
A simple calculation using current yield can tell us that 180 is precisely where it is setting its sight on. The D seems to agree.
I will just wait. Wait for it to reach 180.
Good luck.
P/S : Do not just believe what I say. Use your common sense.
Even experienced ones need to be very careful.
The only way to trade this is with a lot of patience.
A simple calculation using current yield can tell us that 180 is precisely where it is setting its sight on. The D seems to agree.
I will just wait. Wait for it to reach 180.
Good luck.
P/S : Do not just believe what I say. Use your common sense.
Comment:
Banzai!!!!!!
Comment:
The main stream media had exclaimed 'surprise' that it is back UP again. But I hope we are not, simply because we can see it coming.
Many would also be waiting to SELL @ 152.00, because they would think BOJ would step in and do something or because that is a very strong resistant line. But I would not be doing that. I think it would go higher.
The question is - just how much higher?
Good luck.
Many would also be waiting to SELL @ 152.00, because they would think BOJ would step in and do something or because that is a very strong resistant line. But I would not be doing that. I think it would go higher.
The question is - just how much higher?
Good luck.
Comment:
For a brief moment, I am sure many would have believe price would race downwards.......... hahaha
But I think price still has a long way to go ----> UP
Good luck.
But I think price still has a long way to go ----> UP
Good luck.
Comment:
As anticipated, price gets back up there and looks like its going to make it higher.
How much higher? The answer is not on this chart but on another chart.
So far, there is no response from BOJ. No intervention. This is also as anticipated.
Good luck.
How much higher? The answer is not on this chart but on another chart.
So far, there is no response from BOJ. No intervention. This is also as anticipated.
Good luck.
Comment:
As anticipated, price goes UP - despite Fed cutting soon - despite BOJ raising!!!
Understanding FX requires GOOD knowledge of 'FUNDAMENTAL' What is fundamental? The answer is easy - it is GREED.
As I have said, this currency pair is only for those with experience. Even with experience, many traders (HEDGE FUNDS) got burned multiple times this year with the wrong bet. They then re-entered similar positions earlier this month amid speculation the yen would strengthen after the Bank of Japan raised interest rates, only to lose more money again.
If you think of selling @ Triple TOP is a good idea - think again. If you ask me, I think it can go much higher.
BOJ intervention? ------ Blah!!!
Good luck.
Understanding FX requires GOOD knowledge of 'FUNDAMENTAL' What is fundamental? The answer is easy - it is GREED.
As I have said, this currency pair is only for those with experience. Even with experience, many traders (HEDGE FUNDS) got burned multiple times this year with the wrong bet. They then re-entered similar positions earlier this month amid speculation the yen would strengthen after the Bank of Japan raised interest rates, only to lose more money again.
If you think of selling @ Triple TOP is a good idea - think again. If you ask me, I think it can go much higher.
BOJ intervention? ------ Blah!!!
Good luck.
Comment:
Comment:
As anticipated
And within the timeframe as posted on 5 April above.
Want to know what to expect next?
And within the timeframe as posted on 5 April above.
Want to know what to expect next?
Comment:
BOJ is here @ D = 154.40
Feel it?
Feel it?
Comment:
Feel it?
Know it.
what is next?
Know it.
what is next?
Comment:
I think most of us can feel it by now.
It is 154.40 +/- a few pips up/down.
BOJ is getting smarter, they no longer use the stupid banzai charge like in the past. They are doing point defense - holding on tight to their defense line. They have a huge advantage here. If we look at the bond yield, I can see they have chosen the right place. Speculators would have a very difficult time to get past. It is also highly possible that now, BOJ have some help from outside.
I think it is time to SELL. Next week is BOJ rate decision. Highly likely they will raise - the BIG question is how much? Is it the usual 20bps? Or is it more?
If it is more than 20bps, I can expect MAYHEM this time. The previous 20bps was a laughing stock as it weakened the JPY.
Risk asset - watch out.
Good luck.
It is 154.40 +/- a few pips up/down.
BOJ is getting smarter, they no longer use the stupid banzai charge like in the past. They are doing point defense - holding on tight to their defense line. They have a huge advantage here. If we look at the bond yield, I can see they have chosen the right place. Speculators would have a very difficult time to get past. It is also highly possible that now, BOJ have some help from outside.
I think it is time to SELL. Next week is BOJ rate decision. Highly likely they will raise - the BIG question is how much? Is it the usual 20bps? Or is it more?
If it is more than 20bps, I can expect MAYHEM this time. The previous 20bps was a laughing stock as it weakened the JPY.
Risk asset - watch out.
Good luck.
Comment:
Looks like BOJ is not doing anything.
Now we are looking at 157.00 - Then it is 165.00 and ultimately 177.00
Remember 177.00 is midpoint which means below this line, JPY is still 'strong'. Perhaps this is the justification behind BOJs inaction.
Lets wait and see.
Now we are looking at 157.00 - Then it is 165.00 and ultimately 177.00
Remember 177.00 is midpoint which means below this line, JPY is still 'strong'. Perhaps this is the justification behind BOJs inaction.
Lets wait and see.
Once above, it looks like the road is clear.
BOJ is fcuk - simply because they do not matter.
I will wait to trade when it reached the TOP. It can be 180.00 or somewhere lower - perhaps I will let you know :)