Thread: USD/JPY Discussion

No bounce @110.2,,,, also out of 110.3 a little retrace...
May be really 111 level achievable. Or even 112?

Originally Posted by ;

No bounce @110.2,,,, and out of 110.3 a tiny retrace... May be really 111 degree attainable. Or maybe 112?

I doubt 112 but maybe 110.5 max and 111 are an extreme

I moved brief from 110.3 region, target 107

Originally Posted by ;

quote I doubt 112 but possibly 110.5 max and 111 would be an intense I went brief from 110.3 region, goal 107

Same here.This rally cleaned up stops over 110 for bears and trapped some new bulls.Lets see where it goes from here.

Treasuries dropping, rates rising. I anticipate USDollar to continue to rise too. And BTW gold like Treasuries is dropping.

All fundamentals and technicals pointing to additional dollar power, currently.

Daily chart currently revealing a very strong daily candle breaking present resistance.

111.30 to 111.75 in reach, I believe.

Originally Posted by ;

All fundamentals and technicals pointing to additional dollar strength, currently. Daily chart currently revealing an extremely powerful daily candle breaking present resistance. 111.30 into 111.75 in achieve, I think.

Then my shorts will be ruined and I will be nude

Reasons JPY may enjoy in the short term

1. Japan Prelim GDP q/q is coming out during the following session, more powerful GDP will likely be JPY positive
2. Japan National Core CPI y/y is coming out later this week, any indiion of rising inflation will likely be JPY favorable
3. Geopolitics and trade war risks
4. The USD remains largely at a range and USD/JPY didn't even get above 110.5, which can be a strong resistance level
5. The market believes that the BOJ can't end easing or raise rates anytime soon because there is no inflation, but that could change when the economy gains strength and inflation begins to grow

That's why I'm selling rallies

The Japanese economy has not gained strength in decades. They had been the first to visit ZIRP and will most likely be the last to finish it.

Originally Posted by ;

quote then my shorts will soon be ruined and I'll be naked

Prepare. 110.2 was a serious level.

Originally Posted by ;

reasons JPY may appreciate in the brief term 1. Japan Prelim GDP q/q is coming out through the next semester GDP will be JPY favorable two. Japan National Core CPI y/y is coming out this week, some other indiion of inflation will be JPY favorable. Geopolitics and trade warfare risks 4. The USD is still largely in a range and USD/JPY did not get over 110.5, which can be a strong resistance level 5. The market thinks that the BOJ can not end easing or raise rates anytime soon because there's no inflation, but this may change once...

Not seen any serious reason to get nude on the road.
111 is a weekly resistance. If it leave us without a dip - 112 and up untill the station ends. The h4 station 100% wholesome.