USD/JPY Trading

Crossy · #41 (**permalink**) 24-03-2009, 03:00

great trade calls lately although did suffer some pain on short
USD/JPY short @ 96.62 24/02/2009 TP @ 96.31 18/03/2009 and AUD/NZD short @ 1.2800 05/03/2009 TP @ 1.2423

USD to me is going to lose considerable value across the board.

mabdullah · #42 (**permalink**) 24-03-2009, 04:18

A very strange pair USDJPY is. Even when USD was drowning , it started to rise with EURO and GBP. Weekly Chart looks bullish buy Monthly may soon have resistance at 102. So what this pair and play safe. regards
mubashir

erik2966 · #43 (**permalink**) 29-10-2009, 13:37

USD/JPY is soaring as the risk aversion that dominated the first three days of the week is swept away with one economic report. Prices have retraced more than half the week’s losses and are eying 91.52, the 61.8% retracement of the 92.32/90.22 decline. 90.80/85 is solid support on pullbacks near-term.

AshFX · #44 (**permalink**) 30-10-2009, 08:12

Pulling up the hourly chart on USD/JPY, we can see how it's tested the (red) trendline on quite a few occasions over the past couple of days. Will it test that resistance again within the next few hours? My guess is yes - stochastics are pointing up and and AC is green, but I don't expect a breakout, due to higher timeframes indicating some further southern gains.

MusicMan · #45 (**permalink**) 30-10-2009, 23:47

Well, I tried out my new EA on USDJPY for the end-of-week session. It was the first time I traded that pair and things went pretty well. I had to adjust some parameters to account for the spreads and digits differences, but after that, it was fine. I had different EAs trading EURJPY and AUDUSD at the same time. The amount of correlation was a bit surprising to me, especially EURJPY and AUDUSD, but all 3 pairs were caught in the down draft... which is cool for me, as the EAs don't care if the price action is up or down.

Still, why does AUDUSD go down when USDJPY goes down? That's just odd! I can understand EURJPY and USDJPY being correlated, as both base currencies have a similar underlying economic relationship to the yen, but what's up with AUDUSD and USDJPY? If anything, it seems like they would move either at random, or perhaps even opposite, relative to each other.

It will be interesting to see if this USDJPY / AUDUSD dance was just a coincidence, or if they really do show correlation.

MM

tomo1 · #46 (**permalink**) 08-11-2009, 08:00

there is always more to come!

AshFX · #47 (**permalink**) 12-04-2010, 13:54

Yesterday we saw that the USD/JPY hit the 50% fib line to the pip, before bouncing down some pips. Then again today it’s just it the 38.2% line, and right now it’s sitting at the 23.6% level. Check out the attached image.

Ok, so what’s it gonna do over the next couple of days? Personally, I feel that what we’re going to see it a bouncing of this pair between the 38.2 and 0.0 fib levels. Not necessarily touching these extremes, but I’d surprised that it’d exceed these boundaries within this timeline.

The fact that the actual candle itself is a bullish candle, but has a long upper wick indicates indecision.

adria · #48 (**permalink**) 09-06-2010, 11:36

I have seen that this pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

With yesterday's low at 90.80 the pair tested 90.60 support area and current bias is slightly positive for 91.92.

jackie101 · #49 (**permalink**) 25-07-2010, 08:49

The Yen weakened versus most majors after optimism of the stocks market in Europe and US, due to good economic data in Europe and positive words from Bernanke, led the investors to sell the Yen and to invest on stocks and commodities. The main resistance of the USD/JPY is at 89.20 level and as long it\'s trading below this level a short position is preferred, if it breaks this level the trend will be upwards, the next support is located at 86.20. Overall, USD/JPY traded with a low of 86.34 and with a high of 87.21.