USD/JPY forum
USDJPY Come market open, my bias
USDJPY only one trade this week and that trade hit sl at -30 pips.That’s okay! It’s better to sit out than take a bunch of unnecessary losses and psych urself out! Instead check out another pair
USDJPY 30pips target was hit
USDJPY was able to catch only one trade in this pair this week but it was very good, hopefully next week more opportunities show up. Wish everyone a good weekend and good luck for next week !!
USDJPY All we're going to have from now until end of today is accumulation unfortunately. Most likely Tokyo we'll see a push down into London session. Market's over for today. Have a nice weekend.
USDJPY now short 153.701
USDJPY sell now and wait for Monday
USDJPY I just started trading for a couple of months on demo and I've been wanting to understand why each pair move the way they move, unfortunately for me USD/JPY have got me utterly confused. Given the situation, JPY,
a. Horrible Tankan Reuters index
b. "Talks" of rate hikes which we all know they don't have the ball to initiate.
c. Above Expectation Tankan Manufacturer Index
USD,
a. Uncertainty of Trump's Policy
b. CPI numbers is as the FED expected
c. Contradictory PPI and Unemployment data
d. Below Expectation Export/Import data
I initially thought that Export/Import data would be the nail in the coffin as to how the sentiment of the trader would change towards the possibility of FED rate cuts, yet despite this the market is still very strong on the bullish train.
Understandably, it could just be that the price is just pulling back into 618 point of the daily time frame. But with this momentum? I find it very surprising. Especially with rate cuts looming above the dollars in a few days. Is there something I'm missing?
If anyone could share their thoughts on this, critics on where my logic is wrong, suggestion, anything would be greatly appreciated!
USDJPY Fly me to the moon.😌🌝