USD/JPY dropping!

[Encik Cucuk]

This 5 days
USD/JPY dropping....
USD/JPY seems and may likely drop further till 95.00...
I'm still waiting it breaks below 97.00 b4 taking action..
USD/JPY traders out there any comments?

 

[Alpaca]

dollar is weakening due to shut down plus oct fomc meeting coming up
boj on the other hand refrains from more stimulus as business confidence up

we do however know that boj will be weakening yen in order to drive up inflation .
depending on yr risk aversion u can long now or choose to wait or short if u think obama gg a good position to long will be ar 95 for moi

 

[Encik Cucuk]

chances are going into next week USD/JPY will be weak again...
current @97.19
hopefully to short coming monday..

support 2 95.85
support 1 96.55
spot 97.15
Resistance 1 98.00
Resistance 2 98.65

 

[OnlyHuman]

Well, its currently ranging. Good to buy on support.

 

[Laneige]

have a Qn, if its against SGD ? i see USD dropping but JPY nothing much.... ? so if USD/JPY dropping, in what way can it affect us? SGD... tia!

 

[Alpaca]

have a Qn, if its against SGD ? i see USD dropping but JPY nothing much.... ? so if USD/JPY dropping, in what way can it affect us? SGD... tia!

like if usd/jpy drop (like frm 100~97) means

1)yen strengthening more than usd strenthening
2)usd weakening more than yen weakening

the value of sgd alone tells u nth about the market value ... u have to compare with usd , jpy or any other currency

a weak usd means u nid lesser sgd to exchange for 1 usd

anyway sgd gonna strengthen to fight inflation