It barely poked its head above 118.60 for 5 minutes, that was a fast hedge..

USD/JPY Discussion

We'll find out in about 5 minutes..

USD/JPY Discussion

Looks like the housewives gave in to pressure, time to reverse and go short yet? Tomorrow looks like an unmitigated disaster..

USD/JPY Discussion

Looks like it just broke that tight range, despite the Nikkei & Australia selloff and the US futures under heavy pressure. I guess the housewives are extra busy tonight. The bear in me says the shoe is going to drop when europe opens though (just ...

USD/JPY Discussion

Let's hope it stays that way. Another Bear Stearns hedge fund blowup after the bell. Futures firmly in the red below today's close. I won't hesitate to short the rally tonight if we get one.

USD/JPY Discussion

Wow very nice Dove. And then you also went short from the breach at 119.04 and took profit at 118.74? Not bad for one day!

USD/JPY Discussion

If you were actively trading at that time, I take it you'd have gone short?

USD/JPY Discussion

Obvious indeed, especially in hindsight. I had set an alarm to trigger if that 119.50 pivot level was hit. When it wasn't breached, it was an excellent short entry.. don't ask me why I didn't partake..

USD/JPY Discussion

The elliot wave guru over at DailyFX mentioned last week in the aftermath of the selloff that traders should trade USD/JPY as they would the market indices. Since then, it has traded in near lockstep with the ES (S&P500 emini). I'll agree that the ...

USD/JPY Discussion

Dutch, That's definitely a probable scenario. Frankly I'm surprised how quickly the global markets shrugged off last week's rout. I thought in the best case scenario we'd see some serious stop hunting before continuing higher (U/J < 118, A/J < 100, ...

USD/JPY Discussion

Indeed. Nice to see it found support at 119 on that last drop (a level it's had so much difficulty with these past few days). Now just the R1 pivot to contend with again and the 200-day SMA at 119.60

USD/JPY Discussion

DailyFX does a great summary of the COT release every Monday. link

USDCAD trend reversal?

Found it, thanks.

USD/JPY Discussion

Careful with that. The dollar rally of last week is about to fade back into obscurity, and the revenge of the carry trade is in full force, AUD/JPY +1%.

Aussie Pairs

Did you get out near the high? Also, a question I had earlier but you might have missed, has U/J always respected pivots this closely in the past? Which charting software are you using to calculate them?

USD/JPY Discussion

Yes, exactly as it did last week, like clockwork. Has it always behaved this way around pivots in the past?

USD/JPY Discussion

At what level was the central pivot located? Also, if 118 were to break, what are your initial targets (based upon daily/weekly pivots)? If the opposite occurs and the trend you mentioned comes to fruition, what are your targets in that scenario? ...

USD/JPY Discussion

Because they were far more overbought. Keep in mind, UJ has fallen from 124 already, in terms of overall % off the high, UJ is well ahead of the pack. That last leg up in June on all of the other jpy pairs was in large part helped by the heavy ...

Is This The End of the Yen Carry Trade?

So what's everyone's move if/when this breaks 118? (seems practically inevitable any moment now)

USD/JPY Discussion

Those tight trading bands you have circled don't appear as if ILS is trading naturally. Are you sure it isn't "closed" during those times? (in the same sense that the Icelandic Krona is only available for trading at certain hours, not 24/5 like ...

USD/ILS - Please look!