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- DaEdge replied Dec 26, 2012
From BBC Japanese yen hits 27-month low against US dollar The Japanese yen has dipped to a 27-month low against the US dollar amid speculation that policymakers will take steps to weaken the currency. It was trading close to 85.84 yen against the US ...
USD/JPY Discussion
- DaEdge replied Dec 26, 2012
I been long E/J since 106 this thing doesn't wanna seem to slow down. There's been a couple of consolidations but PA has been very uniform.
EURUSD
- DaEdge replied Dec 26, 2012
I think your confused here shorting the yen means being long the yen crosses.
USD/JPY Discussion
- DaEdge replied Dec 26, 2012
What's your timeline on this gator? Before years end or early January.
EURUSD
- DaEdge replied Dec 26, 2012
Slope of the trend goes out the window when the pair is clearly being manipulated. Just look at the charts PA has been very uniform, it's been straight moves up followed by consolidations. Until we get a move down & consolidation below the previous ...
USD/JPY Discussion
- DaEdge replied Dec 26, 2012
Revenge trading is a reciepe for disaster. Don't try to prove the markets wrong its much easier to play along with them.
EURUSD
- DaEdge replied Dec 26, 2012
At the very least a temporary deal will be passed by Monday. Can't see congress wanting to let tax cuts expire for everyone as well a spending budget disappear.
EURUSD
- DaEdge replied Dec 26, 2012
That weekly bar was a tricky bar it looked more like a spinning top which is a bullish continuation pattern.
EUR/JPY Trading Room
- DaEdge replied Dec 26, 2012
Yen slides to two-year low on Japan easing view, euro firmer Wed Dec 26, 2012 12:11pm EST * Abe voted in as Japanese prime minister * BoJ minutes show some called for action if economy worsens * Euro hits 16-month high vs yen By Gertrude ...
USD/JPY Discussion
- DaEdge replied Dec 26, 2012
He spoke earlier & confirmed that he will make changes in BOJ if they don't stick to his game plan of weakening the yen. He's currently working a stimulus package that isn't capped by 44T yen debt issuance.
USD/JPY Discussion
- DaEdge replied Dec 26, 2012
2011 high has been broken, buy the dips is definitely the play. Markets seem to be taking Abe's words seriously. Shorting this pair is very dangerous.
USD/JPY Discussion
- DaEdge replied Dec 25, 2012
Looks like its consolidating again I think the continuation move starts from the break of 138.00, if 138.00 goes we could see 141.50 before years end. Doesn't seem like there going to let these pairs pullback. PA has been straight moves up followed ...
Daily GBP/JPY analysis
- DaEdge replied Dec 24, 2012
Anything is possible. Although I feel that based on Abes speaking that he is clearly ready to make changes to the heads of BOJ is they don't follow his gameplan it's highly unlikely unless he has been bluffing this whole time. I try not to read into ...
USD/JPY Discussion
- DaEdge replied Dec 24, 2012
Not to sure about that Abe takes his post tomorrow & he has already said he'll make changes in BOJ if there not willing to follow his gameplan, LDP his party has the majority of seats. Seems like your trying to call his bluff by shorting these yen ...
EUR/JPY Trading Room
- DaEdge replied Dec 23, 2012
Yen crosses showing small gaps to the upside as of now 10/20 pips depending on the cross. Volume & liquidity will be low we could see there pairs slowly drift upwards.
USD/JPY Discussion
- DaEdge replied Dec 23, 2012
Only problem with that is banks aren't lending much money at this time. Since the housing bubble collapsed banks have really tightened there belts on mortgage lending. Also most banks would rather trade the money instead of lend out to would be ...
EurAnalysis
- DaEdge replied Dec 23, 2012
Let me start by saying I'm completely flat on the Eur/usd & will remain that way until FC is out of the way. I do however feel at least some type of deal will be reached before the deadline. IMO since the clock is working against them the US ...
EurAnalysis
- DaEdge replied Dec 23, 2012
I think we get at least a partial deal band aid type agreement to buy the politicians time before a full deal is reached. Market reaction could keep this pair sideways to slightly bullish if that's the case. Also keep in mind Abe officially takes ...
USD/JPY Discussion
- DaEdge replied Dec 23, 2012
PT what's your take on a partial deal being reached on FC before years end, and how did you think markets would react to it, if it happens?
EurAnalysis