alifari's Blog

Avatar

JPY STRENGTH

USDJPY has broken below 102 continuing its slide against JPY on the heels of the BoJ's disappointing lack of additional money-printing. Since Friday USDJPY has fallen over 250 pips along with other major currencies such as EURJPY, GBPYJPY, AUDJPY.
In fact USDJPY had its biggest daily drop in 8 months after stimulus hope premia is removed from the FX carry trade juicer. This dive has driven Nikkei 225 futures down almost 1000 points from Friday's
highs.
The BoJ is expected to add more stimulus by…
Read full story
Translate to English Show original
orto leave comments
Avatar

JPY Trades Update

I had placed some buy orders on JPY pairs on 23rd & 24th viz. at the start of this week as most of the JPY pairs were at demand zone. I was expecting some quick reactions from these demand zones, but instead price continued to consolidate and eventually we have seen some real buying today. Technical scenario was favoring bullish price action since start of this week. Managed to close some positions before reduction of weekend margin. Finally managed to get into Top 20 in trader contest and final…
Read full story
Translate to English Show original
orto leave comments
Avatar

Japanese Yen Strength to Continue

This week we have seen all of the Japanese Yen crosses traded sharply lower today led by the sell-off in USD/JPY which dropped around 180 pips from last week closing price. This risk-off liquidation caught many traders by surprise especially after better than expected spending and jobs data from US. But if we look at broad picture the reason for this sell-off were on the cards due to Japanese stocks poor performance, weaker data from China and a significant depreciation in the Yuan, ongoing ten…
Read full story
Translate to English Show original
orto leave comments