I agree, the Yen is an ideal vehicle for traders who like to trade ranging markets. But trading ranging markets is also a risky business, one strong breakout against your position could wipe out many many small winning trades.

USD/JPY Discussion

Makes sense, but now you are talking about daily and weekly bars, not short term (and day) trading.

USD/JPY Discussion

Not sure I quite understand your question Freemen, but if the Yen goes back to 77.00 I will make at least 100 pips, and if it goes above 80 then the sky is the limit. Either way it will ring my cash register. This is called bracketing the market.

USD/JPY Discussion

Soros started his career as a waiter and a baggage handler. Look at him now

USD/JPY Discussion

I am not hoping for anything, I am just getting ready for any possible scenario and counter-scenario. In trading always expect the unexpected. Like Soros said : "Markets are constantly in a state of uncertainty and flux and money is make by ...

USD/JPY Discussion

If BOJ intervenes again on Sunday, at lot of stops are going to be flushed instantly, so watch out for those over-the-weekend Yen positions...

USD/JPY Discussion

I think USD/JPY has quickly run out of steam, time to concentrate on other currency pairs, like GBP/CHF for example.

USD/JPY Discussion

"Our stance is clear. We will take decisive action against excessive exchange rate volatility," Noda told parliament." url

USD/JPY Discussion

Nikkei is down 150 points since this morning.

USD/JPY Discussion

That was an odd 100 pip move

USD/JPY Discussion

Yep, it was about time

USD/JPY Discussion

Come on boy, up up up, go get them !

USD/JPY Discussion

If the USD/JPY does not rebound from the 78.45 level on the hourly chart game is over, it is going down.

USD/JPY Discussion

The JPY Leading Index report is due in 2 hours, let's hope it clears things up, one way or the other.

USD/JPY Discussion

On the 4h chart, the USD/JPY broke its downtrend line and is theoretically on its way up. But on the daily chart the USD/JPY simply hit a strong resistance so it must go down, at least theoretically. Though call on this one, indeed.

USD/JPY Discussion

Well, while it is true that in 1985 the USD/JPY did reach a historical low level of 64.55, in 2011 a YEN this strong could simply cripple the entire Japanese economy.

USD/JPY Discussion

If the NFP report is positive tomorrow, BOJ will have even more reasons to dump their Yens and buy Dollars.

USD/JPY Discussion

The 78.65 level seems to be rejecting any YEN's attempt to the downside. At least for now...

USD/JPY Discussion

Japan cannot afford a 75 Yens for 1 Dollar rate either.

USD/JPY Discussion

It's not over until the fat lady sings...

USD/JPY Discussion