Comments on: USD/JPY: Waiting, waiting, waiting… https://fxww.com/usdjpy-waiting-waiting-waiting/ The Professional Source Fri, 06 Sep 2013 00:56:27 +0000 hourly 1 By: Sean Lee https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-29026 Fri, 06 Sep 2013 00:56:27 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-29026 Good plan fxgai as always

]]> By: fxgai https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-29024 Fri, 06 Sep 2013 00:27:26 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-29024 Hopefully not Tom, I am still long! Interesting trivia there.

Sean, short term players won’t have been impressed, but personally I’m waiting for the NFP lottery to be done and dusted before selling more JPY. I’m hoping for a horrible number to do a bit of a clean out. I’ll happily be adding on a dip below 99 (I want to buy the antipodean JPY crosses on a dip as well). If the number is good I will wait and see what the stock market / risk sentiment thinks. I want this whole taper uncertainty out of the way.

]]> By: Sean Lee https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-29012 Thu, 05 Sep 2013 20:17:13 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-29012 Thanks Tom, must say the follow-through for bulls is somewhat disappointing but let’s see what Tokyo thinks of this

]]> By: Tom https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-29007 Thu, 05 Sep 2013 18:49:44 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-29007 Hi Sean,
USDJPY crossed 100 on 09/05, the first time in 2013. After consolidation, it again crossed 100 on 05/09 (day and month reversed), hopefully the last time in 2013.

]]> By: Sean Lee https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-28962 Thu, 05 Sep 2013 04:50:24 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-28962 It’s pretty hard to trade these ‘breakout’ levels so I prefer to leave it alone and only enter mkt when it starts to move

]]> By: Sean Lee https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-28961 Thu, 05 Sep 2013 04:49:29 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-28961 Hi Rahul, if you like the lower stocks/ higher USD scenario thn lower AUD/USD is the ‘logical’ trade. Normally risk off means Yen crosses lower so whilst the USD might rise, it might not do so against the JPY. I would avoid trading USD/JPY in this scenario as picking swings becomes v difficult imho

]]> By: Abdullah hussain https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-28957 Thu, 05 Sep 2013 03:46:19 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-28957 Sean, this range for the past 5 hours of only a tight 10-15 pips movement confined from 99.65-99.8 has me really anxious!!!

]]> By: rahul https://fxww.com/usdjpy-waiting-waiting-waiting/#comment-28952 Thu, 05 Sep 2013 02:21:23 +0000 http://381c099c8f.nxcli.net/?p=10490#comment-28952 hi sean, do you have any idea how pairs would break out if equity weakness kicks in? i like to trade by assuming the most probable future scenario that might break out.Iv weighed out quite a few and the one that attracts me the most is short DJIA. Now i believe this may or may not lead to strength in oil and gold, but dollar strength is highly probable. hod does that work out for the Usd/jpy?? Imo the pair hasnt been driving by yen weakness and it mostly wont be till the oct2 sales tax confirmation. So supposing equities do break down ( the catalyst could be anything, need not be war) => dollar strength=> risk off=> fade usd/jpy?
thank you

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