i_am_siew

USDJPY : When and Where ?

Short
i_am_siew Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
The chart above explains.

The one above is what you see/use.

The one below is what I see/use. Once it hit my alert, I will sell. If you want to know when that happens, follow closely.

Good luck.

P/S : Do not just believe what I say. Use your common sense.
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Not yet.
Be patient.
:)
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I will SELL @ 148.00/50
It should be around this area.

Good luck.
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Good luck :)
Comment:
Feeling nervous?
Feeling that you are going to lose money?
Feeling like you going to quit your SELL trade NOW?

Perhaps we take a look at US02Y and US10Y. It seems that US10Y is very STRONG compared to US02Y. This is funny right? And it seems the US10Y-US02Y is going UP.
The same situation occurred on that fateful day back in 21 October 2022.

It is all a SHOW. It will last until ............

Lets sit back and enjoy :)
Comment:
How many of you can't sleep well nowadays?
To understand how far price can go, we need to understand where the bets are being placed at this moment.

The money is BELOW 148.00. I cant see any meaningful ones above.

Understand that there is no certainty in this game, only probabilities. And what I see now points to price more likely to go DOWN than up.

Good luck.
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It just hit double top @ 149.66
Sell with a SL slightly above.

I will wait for reaction and trade.

Good luck.
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Lets move SL now to entry.
Perhaps dollar had reached the top.
Good luck.
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It now seems VERY LIKELY that price had reached the top @ 149.66
Lets hope it stays that way.

It is the same with EURUSD - I think the bottom had been reached. Price should move UP from now.

Good luck.
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I am beginning to feel the presence of BOJ.
Do you?
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Place your bets everybody.
Here comes BOJ v. Speculators
I am betting BOJ will win.
I think they would not repeat what they did last year when they put a massive sell order bringing down price a few hundred pips.
Now, they would just have to hold the line against the buyers. Then, i suspect a few days from now , Ueda would just have to make a 'hawkish' comment.
Game over :)
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And the winner is BOJ :)
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2 days ago, the JP10Y auction came in at 0.768%
Yield has been on the rise quickly and would soon hit 0.835%. Once it pass that line, it means it has crossed the 50% line. This would simply mean one thing - YCC is coming to an END.

The next obvious thing to do is to also end the -ve rates situation by moving it back to +ve. This is going to be a BIG thing. I think it would happen very soon.

Those who are smart enough will BUY JPY now. Of course, DUMBARSE will continue to buy XAU.

Good luck.
Comment:
Yesterday, I wrote something about XAU where I said it is VERY HIGH now. It is comparable to January 1980 whereby a mix of inflation, rate hike and geopolitics caused it to RISE dramatically and then FELL HARD!!!

If we were to look at USDJPY back in January 1980, we can roughly see what might happen in the coming days/weeks - when XAU is destined to fall. Always remember - IT IS NEVER DIFFERENT THIS TIME!!!

Good luck.
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It seems that 150.00 is now showing the NO ENTRY sign.
No one allowed to cross.
To bypass this restriction is simple - CHF

Good luck.
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Next Monday morning, BOJ will decide on rates.
Inaction now would mean ............

Upside potential = limited
Downside potential = enormous

Not that hard to choose, isn't it :)

As always, Good Luck.
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