Usd/jpy

jpy +8633

 

jpy 8634 top flat

 

jpy -8645

 

losloslos,

Please open one or more thread in the Journal section and post your trades. Especially if it's going to be rapid-fire in/out stuff within minutes.

Better yet, join some online chatroom.

 

any news behind this humongous move or is it just the herd of trend followers hitting the sell button all at the same time ?

 

The only "local" news catalyst was the quarterly Tankan Large Manufacturers Index. It came in this morning (6:50 pm EST last night) at 21, under consensus of 24, but still the strongest in a year.

Otherwise, yeah, just the herd. The commentary I've seen suggests mass profit taking on a big winner of 2005, yen carry trades (long USD/JPY), sparked by the dovish Fed language change yesterday.

 

This is quite substantial...I feel it will head back up towards 119.000

 

I'm Long USD/JPY from 117.15 looking for a bull run in asian trading.I have also bought some @117.51.looking for 118.40

 

Its was very odd...

 

Bought USDCHF at 1.2804 in the Asian market today. Stop now placed at entry.