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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
CHINA REVALUATION ALERT:
some say #china could REVALUE FX tomorrow b4 Holiday just as they tightend reserverequirement Friday b4 NewYearHoliday $$
Ashraf
i believe this is hust another opportunity to short usdjpy, we saw a big risk aversion day yesterday we have a very good chance of another today even if not risk, its better to short above 94 and go long below 93.
I curious if you think this right here is a good place to re-enter long on USDJPY. It make a big bounce from yesterday's low. Do you think there is likelyhood this pair will cross 94 and go much higher from here?
Thank you,
Maria.
Ashraf
b.
http://www.youtube.com/watch?v=irXywhqP1ho
would NOK/JPY be one of the top pairs to short in a wave of risk aversion? Weekly chart has trouble closing above 100 SMA and it is making lower highs.
said
I keep taking only long positions on this pair since Shirakawa said "95.00 is a good number for Japanese exporters" , but I am skeptical of S&P, Dow rally's that just wont quit. My opinion is that Ashraf is indicating in very fine way what's coming to the markets in April 19 article. We'll see.
b.