Yen strength

97 to 96 today...straight down all day.

 

Is anyone seriously looking to go long USD/JPY? I missed an entry point this AM at around 95.85ish just for a scalp though

 

maybe take some profit here @ 97.50 on longs if you got in around 96.50.

 

looks like a shot back down toward 97 or so for UJ

 

or up to 100, 95.8 could be the swing low

 

yea you never can know for sure but im looking for a move back down until it breaks the daily TL.

looking like a lower high now.

 

nice call. For now it looks like you'll be right.

Euro should reach 1.342 now

 

thanks, yea eur looks good, watching EUR/AUD as well.

Looks like someone used the USD news well, real slick...

 

Jpy is strong because August is traditionally a favorable month for the Japanese currency. Anyway, oscillators are going towards the oversold and after the benefic effect of the seasonality the short Jpy will be the only chance.

 

Well touted size expiries Friday to_contain market pre weekend
USD 3bln at 97.00-10,
2bln at 97.50,
4bln 98.10,
2bln 99.00