Tag Archives: Yen
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 2/11/11
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
A.M. Look 2/9/11
The early action looks to be muted, the entertainment will have to wait for the API #’s in Crude and Uncle Ben’s testimony later in the morning. As previously stated: the Euro is strong on the crosses! Look instead to sell 80 point … Continue reading
A.M. Look 12/30/10
Our mind is in Holiday mode…and we’ve spent little time at the desk but over the next day or so I’ll write a few thoughts about trading in the New Year.. We originally sold the bulk of our Yen (bought … Continue reading