It could very well be a big, fat channel. We're fittna find out.

USD/JPY Discussion

The first test will be the rising trendline. The second test will be the gap. There is an open Fall Line at about 108.9. url

USD/JPY Discussion

...and if Abe's policies or even Abe himself get called into question, the whole "print to the moon" concept may be dead in the water.

USD/JPY Discussion

I'm in the same boat. My mother-in-law is here for another eight days. :/ Here comes another push at 115.

USD/JPY Discussion

SPX has been rolling on fumes and pure, unadulterated hype for the past two weeks. Don' t believe what you hear about "Santa Claus rallies." All-time highs in equities and the US 10-year yield is still 2.36. If there were really upside pressure in ...

USD/JPY Discussion

And let us not forget there is still a gaping hole just below 112.7.

USD/JPY Discussion

We'll see how it tests the rising trendline at about 114.3. You're right about the vulgarity, of course. When you're off spouting blue words, it lends a certain distaste to the discussion. People tend to disregard rudeness and won't hear a word you ...

USD/JPY Discussion

Actually, I can see it as low as 97. Remember the dynamics I spoke of.

USD/JPY Discussion

Short from 114.7 about 24 hours ago, as a matter of fact. Gotta take the drawdowns, someone once said to me. I believe it. When I believe it. But man, I'm tired. Downside target, with lots of reversals in the interim, is 106.5. It's the only level ...

USD/JPY Discussion

Not necessarily. Remember, a long dollar brings down the price of oil, copper and iron ore. Not what Saudi and Australia want to hear. The Fed is trying to do the ultimate balancing act by equalising all the players in global markets. When there was ...

USD/JPY Discussion

Well, the clue was last night, when UJ et. al. took off and Cable and Euro just sat there, as if asleep. Second clue was how SPX had no reaction whatsoever to Alibaba and his Forty Thieves. Third was the idea that King Dollar ain't a-fittna be ...

USD/JPY Discussion

Sure a change from all-in, eh?

USD/JPY Discussion

Desperation of the finest breed. Only the best will do. And when Abe has to stand for re-election? And the Japanese GDP on Monday? Nah. That was an old-fashioned, so "City", so veddy British, you know (though they can't do it any more on a nightly ...

USD/JPY Discussion

My favourite trading myth is that there is a counterparty to the Japanese currency.

What are your favorite trading myths?

Looks like that didn't work, either. This is just plain old weird.

USD/JPY Discussion