JPY Trade Index 29-Year Chart

The Bank of Japan are nothing more than currency manipulators. They consistently try and bluff the strengthening on the JPY and force speculators in the opposite side trade. Claiming that they will intervene to protect themselves. The BOJ has no interest in weakening the jpy until it is profitable to do so. They are cowards and have done nothing but lie to the public about the value of their currency like all other central bankers that exist.

Weaken the jpy for the long term? Id like to see them try. There economy is screwed they have no choice but to strengthen it to buy things and spend more debt.

I wont believe it until I actually see it.

- What kind of world do we live in whenj the jpy is actually stronger than the AUD, CAD, and NZD? This is fraud and I hope that the so called free markets values these currencies at their true value at some point.

What is the ticker to get the current price for the Yen trade weighted index?

Thanks

To: Mr. Ahamd From Fortunate Management company,

Sir, Maybe your firm is worthy, but I think it is not Ethical to choose the blog of Mr. Laidi for advertising purposes. The man invest from his own time to share with us his valuable analysis and commentaries, so I will appreciate if we as a group in this "Mobarak" site keep things professionally.

May God bless your Business

Hi ashraf laidi ,
I think usdjpy travel into 100.80 first and then 110.66
what do you think?

he might talk about a paneuropean deal

edi, you're assuming there's a lot of japanese money already out abroad which i dont really see. last wave of yen strength was mainly on speculative buys into yen rather than unwinding. Basically im saying lots of the money is already unwound. i still see sub 86 USDJPY after August.

Ashraf

Salut Ashraf.

My question is this: given the 'supposed' size of Japanese Mrs. Watanabes still active in forex, and given the hightened risk in here-to-fore safe assets like Euro bonds and U.S. bonds, is it 'unreasonable' to assume the JPY could trade down to 75 or 65 ? I have to think it would take massive fear on the part of the Japanese to repatriate their JPY thus bidding up their currency.

I only bring this up due to the long term trend (1997+), if we draw some channel lines, and 87 and 82 levels are violated, I could see those lows being possible.

Thanks for your terrific info and work.

BTW, for those of you who really dont think trades are made and billions of dollars are made on knowledge of non-public information:

The upward spike in USD/JPY came just a few hours before the FED's "surprise" announcemet yesterday. Gee, who knew? GOLDman?

I'm waiting for Goldman to tell me what else they want me to take off their hands....

I have been trading with CMC Markets for almost three years and I am a very satisfied client. I also have accounts with other brokers as well, but my main account (with decent funds) is with CMC Markets.

Samso