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EmeraldEyes replied Jan 22, 2014Why would you sell the Pound to buy Japanese Yen? UK close to pulling out of asset purchase program when 7.0% unemployment is achieved, BoJ reaffirmed increasing their monetary supply & QQE today.
Geppy's Geppy Thread (GBP/JPY)
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EmeraldEyes replied Jan 22, 2014Good unemployment, slightly worse than expected jobless claims though. I'm going with that 7.1% unem as it's close to the BoE's 7.0% mark. Long at 172.45 stop at 171.50. Chewing through some offers at 172.50 right now..
Geppy's Geppy Thread (GBP/JPY)
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EmeraldEyes replied Jan 22, 2014UK news & data in 1hr. G/J Buy stops at 172.45. Sell stops at 171.25 & 170.55. Positive data would trigger a long order at 172.45 towards 173.0 as I'm overall bullish on GbpJpy.
Geppy's Geppy Thread (GBP/JPY)
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EmeraldEyes replied Jan 22, 2014No right or wrong. I just follow the market. One of my favorite quotes. Sometimes we get caught up in past trendlines or historic stats when they really don't forecast anything

USD/JPY Discussion
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EmeraldEyes replied Jan 21, 2014Oh, sorry
I dont think it'll end under 104.0 today based on the market and I personally remain long-biased on the pair. I'd be surprised to see a break under the 103.85 lows as that would trigger 104.0+ bulls' sell stops and shorts to enter. I ...USD/JPY Discussion
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EmeraldEyes replied Jan 21, 2014BoJ reiterated to keep the world's largest injection of quantitative easing going. No change in underlying conditions, only that the Japanese economy is on the track to recovery. Not announcing a further increase of stimulus was bearish on Japanese ...
USD/JPY Discussion
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EmeraldEyes replied Jan 21, 2014Keep an eye on Japan's inflation-related data releases such as the Tokyo Core CPI next week. Their central bank is doing everything possible to reach 2% year-on-year inflation. Some say pumping 60-70T yen per year won't be enough to meet that ...
USD/JPY Discussion
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EmeraldEyes replied Jan 21, 2014Short-lived Yen strength as the market was slightly expecting a stimulus increase from the BoJ, which didn't happen today, but still foretasted by analysts to happen sometime this year. Usd/Jpy fell to a known level of buyers at 104.0. If those ...
USD/JPY Discussion
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EmeraldEyes replied Jan 21, 2014Bank of Japan leaves Monetary Policy unchanged. Retains adding 60-70T Yen per annum increase to monetary base Full statement from BoJ: url Japan’s central bank unanimously voted to retain current stimulus activity as outlined in today’s monetary ...
USD/JPY Discussion
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EmeraldEyes replied Jan 21, 2014The Australian economy can't handle a strong $A. Today's data confirms that the RBA does not need to further rate cuts in the near-term as their inflationary goals of 2-3% (2.6% as of today) have been met. RBA Gov. Stevens has stated the bank does ...
AUD/USD
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EmeraldEyes replied Jan 21, 2014Market traders are looking past Westpac's Consumer Sentiment and awaiting Australia's inflation data in half an hour. The BoJ is set to release their monetary statement some time today as well. Here's standing orders: Sell stops at 0.8775 & 0.8755. ...
AUD/USD
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EmeraldEyes replied Jan 20, 2014Next level of buy stops @ 104.95 . Offers from Japanese exporters & options at 105.0. Recent action in chart with order levels marked: pic.twitter.com/YQwHb3EPNo
USD/JPY Discussion
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EmeraldEyes replied Jan 19, 2014Pretty much.. just shorted Aud/Usd at 0.8800. hope that's now shorted after this release. A/U fundies are still the same.
AUD/USD