JPY

Almost certainly a little premature with this one as price continues to make new highs whilst COT report shows traders are now net short the Japanese Yen for the first time in recent history. As you may know from previous discussions surrounding CAD:JPY, I've never been interested in the long side of this pair, partly due to the fact that none of my systems have triggered buy signals since the trend reversed a couple of Month's back and partly because

It's fair to say I spent much of the last Week sitting on my hands. The 2 currencies taking centre stage have been the Japanese Yen and the Swiss Franc which is exactly as I suggested in last Week's trading review. As the latter has some quite significant risks attached to it in  the form of SNB's (so far weightless) promise to intervene, only the short Yen trade offered

Some of the most interesting Forex pairs over the last few Weeks have without doubt been those involving the Yen. My recent coverage of AUD:JPY  has made it quite obvious that this one has stood out as my favourite on the bullish side for "long" trades. But what about the rest? Where do the other Yen based pairs stand in technical terms? Well, I think they can be divided into 3 main groups

Unlike the previously discussed GBP CAD, if there is one FX pair that has precisely followed my road map over the last 6 Weeks it's this one. From the rally up to the Daily Triangle and the retrace down to the combined 200 MA and old fib level support followed by continuation of the rally back up to the triangle resistance, AUD:JPY moved beautifully and exactly as suggested. Yet I've still

Still not seeing any swing set-ups that are showing conviction but there are a few that could materialise over the next day or two. In the meantime I've added AUD:JPY to my watch-list because it sits at important levels on all time frames. There's no certainty right now as to which direction I'm going to trade it, if at all, but it's one of the more interesting long term charts at the moment and I reckon there will be some