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USD/JPY

Discussion in 'FOREX Forums' started by bigbear0083, Mar 31, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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  2. internationalstocks

    internationalstocks Active Member

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    bigbear0083 likes this.
  3. bigbear0083

    bigbear0083 Content Manager
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    interesting ... i think you're right @internationalstocks and i was wondering why we came off our overnight lows in the equity futures ... this might have been a culprit for sure
     
  4. internationalstocks

    internationalstocks Active Member

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    A friend of mine thinks the YEN goes to 70 which has me thinking about this. Although it does not make sense he has a point when the YEN was at 125 and people said the YEN would drop to 106-110 nobody though that made sense either. Aside from that Greenspan thinks the shit is about to hit the fans. Time to short over the next few weeks.
    https://us.yahoo.com/finance/news/worst-alan-greenspan-says-british-150954491.html
     
  5. internationalstocks

    internationalstocks Active Member

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  6. Epicram

    Epicram Member

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    The USD is still much stronger than JPY.
     
  7. Gambit

    Gambit Active Member

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  8. Gambit

    Gambit Active Member

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  9. heyimsnuffles

    heyimsnuffles Active Member

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    Monster Move. Most of the Money has been made in thre intermediate term..Either wait for a pullback to Buy or take a chance and Short Now.
     
  10. Gambit

    Gambit Active Member

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  11. Gambit

    Gambit Active Member

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    With the Japanese economy continuing its moderate recovery, this week the Bank of Japan (BoJ) affirmed its current monetary policy stance: short-term policy rates at -0.1% and a target yield on Japanese government bonds around zero.
     
  12. heyimsnuffles

    heyimsnuffles Active Member

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    Is the Yen Carry trade finally over? Everything may be about to get reset to pre election Levels.
     
  13. heyimsnuffles

    heyimsnuffles Active Member

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    And HERE WE GOOO. Yen Shorts are in trouble. USDJPY coming down, dollar down, pound up, euro up, metals up....stock market down.

    there is A LOT of unwinding to do here...

    Screen Shot 2017-01-22 at 12.51.22 PM.png
     
    bigbear0083 likes this.
  14. heyimsnuffles

    heyimsnuffles Active Member

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    And it starts...well it actually started two weeks ago
     
  15. aaa

    aaa Member

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    President Donald Trump meets Japanese PM Shinzo Abe tomorrow. It is the US President's first official meeting since inauguration. As both sides discuss US-Japanese alliance, comments on currency and trade could sway the markets and impact USDJPY outlook. Here is the background to the meeting:

    1) President Trump, after taking office has officially withdrawn the US from TPP, a trade agreement to which Japan was a signatory. The President has also accused Japan of currency devaluation.
    2) During the meeting, Japan is expected to highlight it's investments and job creation activities in the US, besides making a case for TPP deal
    3) A mutual trade agreement could be beneficial for US farm producers as they gain access to Japan's lucrative agricultural market, while Japan could further investments in infrastructure projects and help increase strength of Japanese companies in the US market
    4) The USDJPY rose significantly to ~118 in 2016 following U.S. elections as dollar surged.However, the pair has recently slid to the lows of 112 as heightened uncertainty on policies, President Trump's pro weak dollar comments have impacted dollar strength and generated safe haven demand
    5) A weaker Yen has been supporting Japan's export-driven economy.The NIKKEI hit a 13 month high above 19,600 recently owing to Yen's weakness. However, going forward, Yen could strengthen due to President Trump's protectionist policies.

    During this meeting, while talk around trade could be encouraging, any comments around currency devaluation could impact future trade negotiations while creating downward pressure on USDJPY
     
  16. aaa

    aaa Member

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    TrumpAbe meet: $USDJPY crosses 114 briefly. Tax reform hope, Trump's talk of OneChina buoy Asian markets today
     
  17. heyimsnuffles

    heyimsnuffles Active Member

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    Definitely new lows ahead. Dollar is going to continue to get smoked after Wall Street was MEGA LONG at the top into 2017.
     
  18. Gambit

    Gambit Active Member

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    $USD/JPY How we saw the pair in the weekend. Made new lows after a FLAT correction.
    [​IMG]
     
  19. Gambit

    Gambit Active Member

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    Not surprised, $USDJPY collapse happening again as expected.
     

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