Comments on: USD/JPY seeing plenty of pre-weekend long-liquidation https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/ The Professional Source Fri, 26 Jul 2013 07:48:04 +0000 hourly 1 By: Sean Lee https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/#comment-25207 Fri, 26 Jul 2013 07:48:04 +0000 http://381c099c8f.nxcli.net/?p=9786#comment-25207 AUD/JPY will be whippy I think Papillon and yes, buying deep dips way to go I think but need to be super patient

]]> By: Papillon https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/#comment-25205 Fri, 26 Jul 2013 06:40:39 +0000 http://381c099c8f.nxcli.net/?p=9786#comment-25205 In reply to Sean Lee.

Indeed, I watched closely these crosses yesterday : EUR/AUD and GBP/AUD to get some clues on AUD/USD. Otherwise, do you monitor AUD/JPY, the picture looks interesting to buy dips ?

http://img542.imageshack.us/img542/1904/ulm1.jpg

]]> By: Sean Lee https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/#comment-25204 Fri, 26 Jul 2013 06:24:46 +0000 http://381c099c8f.nxcli.net/?p=9786#comment-25204 Thanks Thorsten, well said

]]> By: Sean Lee https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/#comment-25203 Fri, 26 Jul 2013 06:23:57 +0000 http://381c099c8f.nxcli.net/?p=9786#comment-25203 Yes I think that will cover it initially, watch the AUD crosses as well as I think the first indication that the AUD/USD is about to break higher will come thru a lower EUR/AUD or higher AUD/NZD

]]> By: Papillon https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/#comment-25198 Fri, 26 Jul 2013 06:00:58 +0000 http://381c099c8f.nxcli.net/?p=9786#comment-25198 Hi Sean,

This morning, it’s nice to see AUD/USD at this level 😉 . I guess, the range levels for today (European session) could be [9320,9220] ??

]]> By: Thorsten https://fxww.com/usdjpy-seeing-plenty-of-pre-weekend-long-liquidation/#comment-25197 Fri, 26 Jul 2013 05:28:51 +0000 http://381c099c8f.nxcli.net/?p=9786#comment-25197 Hi Sean,

Only half related to your comments, each time I hear the word “taper” I get stomach ache. The problem I see is that Bernanke made it crystal clear that there will be no reduction in bond purchases into the end of the year, barring spectacular employment numbers. However, the market is long dollar and eventually it will dawn even on the dumbest and slowest buy side portfolio manager that they need to reduce dollar longs. Anyone who trades the dollar from the long side, other than for short-term spec, has not read nor understood Ben’s communique. Of course there are a 1000 and 1 differing opinions in the market at any time which I am very grateful for but I just do not see how with every little move people jump out of the rabbit hole and proclaim an end to the FED propping up the market. Its not gonna happen until fundamentals look not just a notch better but make significant advances. Those are my thoughts.

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