Results for yen hit 100
1 articles with this tag name
  • Dollar Yen Finally Sees Some Profit Taking – 100 Still in View?
    After a relentless rally higher that saw the pair climb nearly 500 points without pause, USDJPY finally saw some selling in Asian and early European trade dropping back towards the 9700 handle as profit taking kicked in on the final trading day of the week. Currency trader is Tokyo were geared for yet more month end corporate demand for dollars but when it did not materialize selling quickly ensued with USD/JPY falling nearly 100 points in a hour.

TRADE IDEAS

  • Trades to Watch
  • Trades in Progress
currency trade idea
USD/JPY
Medium term



 Sell Sell at 80.3800
Stop at 80.63
Target at 80
EUR/USD
Long term



 Buy Buy at 1.2467
Stop at 1.2064
Target at 1.3072
currency trade idea
EUR/JPY
Medium term
Opened 5/23/2012
 Sell Short from 99.9000
Stop at 101.55
Target at 98.1
AUD/NZD
Medium term
Opened 5/21/2012
 Sell Short from 1.2985
Stop at 1.307
Target at 1.2855
EUR/CHF
Long term
Opened 1/30/2012
 Buy Long from 1.2055
Stop at 1.199
Target at 1.2225
These are hypothetical trades and should not be relied upon as a substitute for independent research.

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