Soaring!! — Looks like the JPY is going back to record highs again, this isn't the best currency to trade IMO. Does anyone know when this might start to weaken again? Is Noda still on the scene?

USD/JPY Discussion

Jump up — The chart tells me a push to 8600 is on the cards within a week or so, does anyone agree? (I will read what people have been saying before this post tomorrow when I have more time.)

USD/JPY Discussion

8400 — I think 8400 is the number to watch, if and once it passes there I think we could climb on to 8800, I see this long as having very good potential, the sky could be our limit, but the problem might be getting past the 8400 level first.

USD/JPY Discussion

Ummm — I don't think we're going to break below 80; too much concern about Japan's economy and risk of intervention, I can see a slight weakening of the Yen later today, (just my 2 cents worth). I consider this just a knee jerk and over ...

USD/JPY Discussion

In trouble but not for long??? — It seems that the longers are in trouble again, but I think the bubble will burst soon, anyway Noda is watching the currency!!! Tonight Japan may make a statement and announce more QE! Or more intervention??? ...

USD/JPY Discussion

Intervention or not — "Maybe the proximity of the all-time USDJPY low is just too much for the pair to resist. Of note however on the daily is yesterday’s inverted hammer pattern, which is a bullish reversal pattern. Price needs to break above ...

USD/JPY Discussion

Head and shoulder? — The best I can hope for is a sort of reversed head and shoulder formation at the moment which has been talked about, (right shoulder being created now), but I can't help feeling that 79.75 is acting like a magnet for this ...

USD/JPY Discussion

Intervention a real possibility — No you mistake me, I have a small long position, which was obviously a d mistake, but I wouldn't go short even though I'm expecting this to fall the more (hoping it wont of course). I might add to my long ...

USD/JPY Discussion

Yen all set for reversal — url I found the above article quite interesting, but at the moment I'm still bearish, and it will be difficult to know what to do until Thursdays Fed meeting. I would love to see the start of a reversal, but it's ...

USD/JPY Discussion

Worth a wish — I wish I hadn't started trading this, does anyone have any guesses as to just how low this might go?

USD/JPY Discussion

This one's worth waiting for — Noda will do the decent thing eventually, it's a matter of when not if, but we'll all probably have to wait a long time for it. Why don't we all email him lol?

USD/JPY Discussion

Still watching — ummm, without intervention this isn't going to get anywhere short term. Don't worry, I'm watching the currency very very closely

USD/JPY Discussion

No intervention — I don't think BOJ will intervene on a big scale, saying that, there's an outside chance around the 80 level if it gets there I suppose, but there's too much political pressure on currency wars at the moment, and Noda's last ...

USD/JPY Discussion

Yen, cool down — I think the Yen needs a little drink to cool it off a bit

USD/JPY Discussion

You might have got it right, it's hard to imagine a lot more downside, but there is still a lot of risk here, small positions are the call of the day.

USD/JPY Discussion

What's the speed limit? — When Noda says "rapid movements are undesirable", by rapid movements, how many pips per hour does he mean? Surely not 70 pph?

USD/JPY Discussion

Will we see it tonight? — 'Japanese Finance Minister Yoshihiko Noda reiterated Tuesday the government would take "decisive steps," including intervention, if necessary, to stem the yen's rise.' It's going to happen, it's a question of when. I ...

USD/JPY Discussion

This one's a pain, if you go long you're against a very strong trend, if you go short you risk BOJ intervention/relief rally: unless you are already in I would keep out!

USD/JPY Discussion

It's going lower but how low? — Where is this going to end, is there a benchmark? I would really have thought that the BOJ would have intervened by now, but who can trust a politician? My guess, worst case scenario is about 77?

USD/JPY Discussion