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Don't Forget the Yen
Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
be back later
Ashraf
My finger hit the wrong button, l guess the snow is getting to me
No doubt, NFP and the follow through on Monday will be key on USD/JPY. I'm only following dailies/weeklies as cash at present.
Worth noting Ashraf's recent IMT regarding big increase in JPY shorts relative to 22 Dec.
My feeling is that subject to NFP and follow through we may get a bounce (even as high as 95). The size of this bounce will be determined by the reaction to NFP (and may not even reach 94). But then a drop will follow to perhaps 89/90 range over the next couple of weeks (sticking my neck out ... :-) maybe further).
Just out of interest, looking at the dailies/weeklies - there is potential (at time of writing 93.19) for a gap down doji or spinning top (daily) and (on the weekly) a doji or even, if weekly close below 92.95, a gap down doji or spinning top. Other technicals may be reaching their peak soon too. Anyhow, the day and week are not yet over so plenty of time for this to change - frankly more evidence is still needed for me to feel more comfortable about the direction.
All the best with the trading.
we have two celtic girl one from andorra and one from angola. thats not really ethical but ...
In view of the Jap Fin minister jawboning on his first day in office about the yen and it selling off,
how do you think the market will re-act from here on in - is it likely to continue to be under
pressure in the interim. l know the previous minister spoke about the yen, but somehow did
not take any notice, unlike this present guy, l guess its the fear of the unknown.
thanks
I GAVE A 92.70S TARGET FOR YEN YESTERDAY, DO U THINK WE ARE HEADING TO 92.10-20 LIKE STATED KASMIR?
thank you very much, kind of u to share'
cheers'
If you think about it, by the time the short term expires, you are already at medium term, and probably a chance at more opportunities. And then by the time the next "short" term expires, the original medium term expired and now you are at the original "long" term.
Hope this helps...Good trading!
will it continue to rally above 95.50 or any reversal in mind?