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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
we r used to it
its thursday
it might right that commodities prices might be fueled by japan
i will had that commodities prices will be afector of yen carry trade when this pair will touch bottom.
when bottom will be reached at asharaf given level expect it to jump during 2011.
given target when reach 80 or right now is 100.
Proposals to throw part of Japan's trillion-dollar cash pile into securing overseas natural resources raises the stakes in a global battle for strategic assets and the power that comes with them.
If the world's second-biggest hoarder of foreign currency reserves were to use chunks of that money to buy scarce global commodities, it could propel resource prices skyward, stoke world inflation and lead countries to put up more barriers to such capital.
(This was on CNBC today, but the forum software keeps rejecting the link I paste!)
Mid term elections - Nov 2
FOMC decision - Nov 3 (not 2)
Ashraf
Ashraf