Will the Yen break 112?

Discussion in 'Forex Trading' started by zf trader, Sep 20, 2005.

Will the Yen hold 112

Poll closed Sep 23, 2005.
  1. Will go through 112

    4 vote(s)
    50.0%
  2. 112 will hold for the next month

    4 vote(s)
    50.0%
  1. What do you think?
     
  2. Chood

    Chood

    See thread "Yen now and through the summer," this forum.
     
  3. Yes, it might stumble around 112, then next stop ^112.50 !!
    I would plan on seeing that printed by tomorrow if not, by the end of the week.



     
  4. nice try, DT.

    It DID break 112. then crashed to 111.62!

    :D

    fx
     
  5. USDJPY Fair Values
    112.13 (Now) 112.37 (10 days) 112.72 (20 days) 113.79 (50 Days)

    I think U guys better Long it
     
  6. Long if Below ...short if above
    Respect the trend
    these are Now Fair values to (right Most column) is the 50 days FV=Fair Value

    Now 10 20 and 50 days

    EURUSD 1.2062 1.2039 1.2005 1.1909
    USDJPY 112.1351 112.3703 112.7224 113.7903
    GBPUSD 1.7718 1.7679 1.7619 1.7439
    USDCHF 1.2843 1.2867 1.2902 1.3002
    EURCHF 1.5502 1.5503 1.5504 1.5506
    AUDUSD 0.7540 0.7527 0.7507 0.7440
    USDCAD 1.1808 1.1758 1.1680 1.1419
    NZDUSD 0.6843 0.6821 0.6787 0.6675
    EURGBP 0.6808 0.6810 0.6814 0.6829
    EURJPY 135.3739 135.4089 135.4709 135.7267
    GBPJPY 198.8189 198.8145 198.8068 198.7751
    CHFJPY 87.2916 87.3138 87.3538 87.5249
    GBPCHF 2.2765 2.2760 2.2750 2.2705
    EURAUD 1.6001 1.6000 1.6001 1.6025
    EURCAD 1.4233 1.4143 1.4005 1.3565
    AUDCAD 0.8897 0.8843 0.8758 0.8476
    AUDJPY 84.5846 84.6234 84.6738 84.7715
    CADJPY 95.0423 95.6795 96.6243 99.7024
    NZDJPY 77.4328 77.4688 77.5182 77.6538
     
  7. Chood

    Chood

    "Fair Value" and "respect the trend"? Please explain what you mean by those phrases, and also describe even generally the data that produces the values you give. I am genuinely interested, and I assume that "trend" (your definition of it) means something more than the ground gained by USD since January, 2005. Thanks.
     
  8. /Hi Chood..

    The trend as in the levels of FV given into the future...50 day vs Now FV...
    if that is in a trend up...then wait for the a Level less then now FV
    and Buy...ie USD/JPY...
    if U bought at Less values then now FV

    what have U got to loss?...cause odds are Upper trend...
    I recommend EUR/CAD...Longer term for short as Value for money...
    I see this pair at 1.35 in 50 days

    GL KaL
     
  9. Chood

    Chood

    Thanks for replying. Loonie over euro, today or 50 days, is a pass for me, not because of what you've said, but because I'm not convinced of continuing strength of energy prices. The sentiment for CAD, as I understand it, comes in part from high crude prices.
     
  10. Hey sKaLper, tell me about it. This market has been Insane! These last few weeks, the market has been 'turning on a dime'. 80-100 pip swings over night.

    Ahh, but still in position. Yeah 112.50 might be pushing it, if only by a few days(week) though. Maybe I'll reach 112.30 by tomorrow.

    Metals and Petrols are going through the roof, but USD is still being infused (cash) by other usa products.:)
     
    #10     Sep 22, 2005