Had to catch up and read the last 40 posts I missed while I was away. Went long USD/JPY pre London last night and gained another 42 pips so far, total 189 from Friday. I chickened out going long GJ being afraid to lose the gains I made earlier.
Been reading some interesting bank forecasts for USD/JPY: Deutsche Bank at 106 in a couple months.
BNP Paribas comes in at 105 at the end of Q1 this month and Scotia Bank has 104 for the end of Q1 this month.The projections go ballistic onward from that time frame, 109, 112, 115. Even 120 and 125 in 2015.
The British economy has shown superb data, better than the U.S. or most any other county so my point is that wouldn't that place GBP/JPY at 178 at some point? If the BOJ eases with another 10 million USD in bond purchases as analysts expect then the British pound would have the most to gain right? How many more pips does GBP/JPY gain for every pip USD/JPY gains? 1.5? 2 pips?
Been reading some interesting bank forecasts for USD/JPY: Deutsche Bank at 106 in a couple months.
BNP Paribas comes in at 105 at the end of Q1 this month and Scotia Bank has 104 for the end of Q1 this month.The projections go ballistic onward from that time frame, 109, 112, 115. Even 120 and 125 in 2015.
The British economy has shown superb data, better than the U.S. or most any other county so my point is that wouldn't that place GBP/JPY at 178 at some point? If the BOJ eases with another 10 million USD in bond purchases as analysts expect then the British pound would have the most to gain right? How many more pips does GBP/JPY gain for every pip USD/JPY gains? 1.5? 2 pips?
Be humble or be humbled.