Tag Archives: usd/jpy
A.M. Look 3/17/11
Just a follow up to the yen piece last night, USD/JPY is in a 40 year bull market! The levels in the crosses given last night were retested and rejected. Markets can go directionally farther than you have money to … Continue reading
Was that the low for USD/JPY?
Ok this was for the A.M. I do not wish to get into the habit of commenting at night! First a brief fyi on the Yen price action. Shades of 1995 and before when that type of currency movement was … Continue reading
EEM..EWT…GOOG….AAPL.. GE….SPU…
If we get anywhere near 1334 ish SPH (MARCH S&P) today take off at least 70% of these trades. Then raise your stops to break-even. The Euro hit big support this a.m. @ 138.60 ish. It will now be the … Continue reading
USD/JPY…YCS
USD/JPY is 40 pips either side of the middle of nowhere in the grand scheme of things. Last months close was 82.03. The yearly close was 81.16. We’re right in the middle and have been nursing a long dollar/ short … Continue reading
USD/JPY…YCS…YEN
We’re going to add to Long USD/JPY… short Yen “Long YCS” position @ the market. We’re putting on another 20%.
A.M. Look 2/16/11
The 30 yr.Bonds have finally probed the old support #’s of 119.08-15 last night. For short term traders we prefer to sell the rallies into this area. Euro will be back on the menu today. Pay close attention to this … Continue reading
A.M. Look 2/15/11
USD/JPY… 83.80-90 ( 119.15 ish futures) will be a zone that needs work to power through. Gold…We are going to take profit on our Gold position when the Silver trades anywhere close to 32 dollars.
A.M. Look 2/11/11
We show a double bottom in the Euro @ 135.08 with Fib matches @ 134.75…Do not sell weakness. USD/JPY…83.80-90 (App 119.20 ish futures) has been sticky for the past few quarters. Do not buy dollar strength or sell futures weakness into … Continue reading
Yen…USD/JPY…YCS
We’re adding another piece to the long YCS on the close today, however in an effort to not totally screw up our average, only add another 25%. We think it prudent to leave room for one more wiggle back to … Continue reading
Daily observation
Eur/Jpy…Eur/Chf are positive on the day ( choose your resistance wisely in the Euro) FXI..has held a big level on the downside.. Both Gold and Silver have held support for now. We will be looking to add to our long … Continue reading