I´ll give it a try. I believe the "safe haven" label attributed to the Yen is erroneous. Due to the requirements of my company ( url ), I have been to China and Japan many times. I have many friends and associates there. The Japanese people are very ...

USD/JPY Discussion

Yes. Good for USDJPY, bad for S&P and Euro.

USD/JPY Discussion

I´ve been suspecting this for a while now. That´s why I said "unoficially" in a previous post. For the past 5 weeks, everytime jpy hits under 56.60, you get buying as if by magic. I think it is pegged and buying at this level is as safe as you can ...

USD/JPY Discussion

Geopolitically, they also have China next door flexing their muscles and with no Army, Navy or Air Force of their own to speak off. The US has the weapons and a huge ocean separating it from China. That in itself is enough to make the dollar a safe ...

USD/JPY Discussion

I believe Noda will start the printing presses soon. Japanese inflation is non existant, they want the currency down and ink and paper are cheap. When it looks like a duck, it quacks like a duck and it walks like a duck, more than likely it is a ...

USD/JPY Discussion

I agree with you. It´s totally irrational. That´s why I don´t trade the fundamentals. Still, the big turns in markets happen at extremes of irrationality. It happened with the euro recently when nobody could understand how it could levitate at 1.45 ...

USD/JPY Discussion

Here is the current chart (H4). Look at the price action respecting the bottom wall of the Price channel. The RSI trendline is still holding (bottom), but most importantly, the trix is opening (Fast Trix rising faster than Slow Trix). This is ...

USD/JPY Discussion

This is from Simon Smith, Chief Economist for FxPro. I listen to his words. He is consistently accurate with his comments: Do not underestimate the dollar. Battered for most of this year, especially in the first few months, the dollar is enjoying a ...

USD/JPY Discussion

The Euro has only begun to fall. It should be under 1.20 by the end of the year. I´m sure the Japanese government is wringing their hands about this. Not sure what they can do about it though. Probably nothing, but they have to show themselves to be ...

USD/JPY Discussion

I think they will probably do something. Mostly because of what has happened to the EURJPY in the past week. The European market is an important one for Japan. They will do something, but when and what form will it take? Who knows?

USD/JPY Discussion

I´m with you, guy. Not necessarily because of a possible intervention but simply because I see a change coming in the charts for the dollar in the short and medium term. You are probably right though that an intervention is near. If not now, when? I ...

USD/JPY Discussion

I´m still in the trade. Attached is the chart right now. The Trix is still green with the fast trix over the slow trix on the THV. I found the correct channel for the Price Action. I can tell its the right one because the midline (dashes) shows ...

USD/JPY Discussion

You don´t have the correct trendline. The one I reflect on my chart begins with the bottom on 7/14 4:00 and connects with the bottom of 7/27 8:00. I still have almost two hours left on the current candle. If it closes at this level, the trendline ...

USD/JPY Discussion

Yes. H4.

USD/JPY Discussion

Here is the current picture: The RSI trendline (Bottom) is still holding. The Fast Trix and Slow Trix on the THV are green and the Fast is above the Slow which is very bullist. The 60 EMA is above the 200 SMA and still green and rising. The Euro ...

USD/JPY Discussion

I have alarms set on my indicators. I only use stop losses when I am away from my computer which is not often I must say.

USD/JPY Discussion

Euro and S&P starting to drop now. Dollar Index rising a bit. This still feels OK for the bulls.

USD/JPY Discussion

The 4H bar just closed. The RSI trendline is still intact. The Trix is still green. I will continue to hold until my indicators tell me it´s time to jump ship.

USD/JPY Discussion

No I´m still holding my long. The bar hasn´t closed yet.

USD/JPY Discussion

I´m still not convinced. Feels like a shakeout to me. The next few minutes will tell the story. I am holding for now. If I´m wrong I will eat some crow.

USD/JPY Discussion