Anyone else shorting USD/JPY?

Discussion in 'Forex' started by El OchoCinco, Nov 23, 2022.

  1. I missed the entry in the 147-150 range as it felt so over built up but getting in the past few days in the 138-140 range (late :( ) looking to touch 130 by end of year maybe...
     
    Sekiyo likes this.
  2. M.W.

    M.W.

    You are a little late to the game, I don't see any huge market mispricing at the moment given that the dollar has topped out across the board and is not entirely driven by the next cpi readings. Add to that BOJ intervention risk and current levels are probably fairly priced.

     

  3. Does not matter if I am late, as long as I make money... I got 45 days willing to sit on this.
     
  4. MarkBrown

    MarkBrown

    happens every year especially from 25th to the 1st
     
  5. Sekiyo

    Sekiyo

    130 looks like a nice target
    August low.

    If it can pierce through 139
    July high.
     
    El OchoCinco and Money Trust like this.
  6. KCalhoun

    KCalhoun

    Good call, I see 137- 124 easy
     
    El OchoCinco likes this.
  7. M.W.

    M.W.

    Seems you did not get my point, it's pretty poor risk reward right now, no matter what.

     
  8. To clarify since i trade futures I went long several March /6J futures contracts @ .007252.

    Up only 63 whole ticks (12.50 per) but looking for that August level no later than Feb...
     
  9. maxinger

    maxinger

    typo error?

    Mar 2022 - 6J was around 0.008
     
  10. M.W.

    M.W.

    How much are you willing to risk?

     
    #10     Nov 24, 2022