Comments on: USD/JPY techs: Initial target at 100.80 https://fxww.com/usdjpy-techs-initial-target-at-100-80/ The Professional Source Fri, 06 Dec 2013 01:55:28 +0000 hourly 1 By: Sean Lee https://fxww.com/usdjpy-techs-initial-target-at-100-80/#comment-33189 Fri, 06 Dec 2013 01:55:28 +0000 http://381c099c8f.nxcli.net/?p=11310#comment-33189 Agree with fxgai, all about positioning, and USD/CHF mkt caught long just like USD/JPY. Always same at this time of year, squeezes aplenty

]]> By: fxgai https://fxww.com/usdjpy-techs-initial-target-at-100-80/#comment-33188 Fri, 06 Dec 2013 01:49:36 +0000 http://381c099c8f.nxcli.net/?p=11310#comment-33188 Just positioning at play here I’d say, USD/JPY had a nice run up in November, and the NFP data is notoriously unpredictable. So I can’t blame the shorter term players for wanting to take some chips off the table ahead of the numbers, especially with the USD/JPY move not having retraced 1/3 yet. Even if NFPs are good, it might just be a good short term profit taking opportunity.

EUD/USD and USD/CHF I have less clue, but maybe the idea of deflation in that region makes those currencies look more attractive in terms of holding their value than the USD?

]]> By: George https://fxww.com/usdjpy-techs-initial-target-at-100-80/#comment-33184 Fri, 06 Dec 2013 00:18:30 +0000 http://381c099c8f.nxcli.net/?p=11310#comment-33184 Sean, this market does not make sense. Does it. Good data from US and Usd falls. I thought more chance of taper more likely usd rally. Am I missing something

]]> By: Brady https://fxww.com/usdjpy-techs-initial-target-at-100-80/#comment-33179 Thu, 05 Dec 2013 23:41:08 +0000 http://381c099c8f.nxcli.net/?p=11310#comment-33179 That’s a wee way down isn’t it

I didn’t think we’d see it go to 100.80 – I was thinking more around 101.50 and stay there until NFP and depending on that result will see the next move

I do agree with traders being caught long though you can see them hurting now

Probably not =))

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