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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
JPY/NOK, $$$$$$ AND MARKET COLLAPS!
Guys, have a look at ACCENTURE plc, dropped from 40$ to 1 cent in 10 seconds, then rebound up again to around 40$!!!!
Totally madness!
What's going on Ashraf?
Many people lost allot of money in seconds today.... no trust in market anymore....
anybody opts for trader error? I don't buy that story.
No matter what the exposure of euro banks in PIGS bonds is in the 500 bill Eur range my bet tomorrow
ECB will announce qe because the alternative is credit freeze the hard way.
So EURJPY long should be doing well.
I was hoping you could comment on USDJPY. I was surprised at the move today, as I consider the US to have the stronger economy, lower national debt, and to be closer to tightening monetary policy. Does this move reflect market perception that Europe contagion is likely to hit the US to a far greater degree than Japan? Since the market is likely to continue in a risk averse orientation, what should we expect going forward for USDJPY?
many thanks
I know you bullish on USDJPY in recent weeks. I writing to ask if the the 150 pips drop in USDJPY has affected your outlook? How low do you see the USDJPY dropping further this week? Please share your thoughts with us.
Thanks you,
Maria.
My IMT on USDNOK turned out wrong but USDNOK weekly faces key 100 moving average resistance at 6.10. but if youy want to sell NOKJPY i would not target below 15.
Ashraf
Read your last Intraday Market Thoughts.
The Nok got hit badly against the JPY today, probably because of market fear and oil decline. Even we raised interest rate, the financial minister "talked" the gains down...
However the Nok strenghtened against the CHF and EUR, cause of big problems in the EU.
You know me, wanting to short the JPY, is it good to sell JPY against the NOK at these levels @ 15,46-15.62?
If oil will rebound I expect the NOK to strenghten against the JPY as well......
When do we see 16.5ish again?
Advice please.
Cheers