darth.stocks
Short

USDJPY: Nice rally on Friday but it is a clear short

FX:USDJPY   U.S. Dollar/Japanese Yen
114 2 5
3 months ago
103-104 seems to be the max target for USDJPY             ... a brexitless view shows an almost perfect shs             formation with a downside target at the bottom of the medium term channel. worth trying a short... except if boj starts further easing.
3 months ago
Comment: obviously boj is preparing something: http://www.bloomberg.com/news/videos/2016-08-29/the-jeopardy-japan-needs-to-work-its-way-out-of ... so don't be for too long on the short side...
3 months ago
Order cancelled
harilaos
3 months ago
103 104 is good enough, what follows is indifferent for now
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darth.stocks harilaos
3 months ago
You are correct. It depends on BOJ. In July they announced to increase their purchases fron 3.3 to 6 tril JPY...Till now their purchases were minimal, so it seems they are keeping their powder dry for whatever reason. I expect quit some time action from them.
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