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  • Japanese PM Abe says excessively strong JPY has been corrected

what????????????
Quoting kirkdurant
what????????????
Twilight Zone? I'm not even sure he can believe this crap. They had to manipulate it to get it where it is now. Oh well, the way JPY has been rising today, speculators are buying his stories, and that's all that matters to him. Just think how high it would go, if something productive was actually accomplished. Everyone seems to use purchasing power to buy rumors and theories.
  •  Guest
  • | IP X.X.174.20
standby...buy GBPJPY going up.....
  •  Guest
  • | IP XX.XXX.226.101
It means he is happy with this range for UJ. Approximately 114 - 124.
Quoting Guest
It means he is happy with this range for UJ. Approximately 114 - 124.
Maybe, but if the price range was manipulated by the Japs to get there, based on no solid growth or ending of the recession, I would think the big question is, what happens when they turn it loose, and quit buying? It could crash farther and faster than could be controlled. I just think all their buying to move the prices this week is counterproductive in the long run. It's a forced rise in price that only by a miracle will stand.
Quoting Guest
standby...buy GBPJPY going up.....
It usually does, to a certain degree, every morning at this time. It's when the Japanese quit buying. Sometimes the MMs keep it going, and other times, they let it fall, but during the Asian sessions, JPY has been pushed real hard this week.
Quoting Forextrapain
Maybe, but if the price range was manipulated by the Japs to get there, based on no solid growth or ending of the recession, I would think the big question is, what happens when they turn it loose, and quit buying? It could crash farther and faster than could be controlled. I just think all their buying to move the prices this week is counterproductive in the long run. It's a forced rise in price that only by a miracle will stand.
yep... I agree with you... when you just treat the symptoms without treating the cause/s (printing more and more worthless paper just to artificially increase the inflation, which has no real economic basis, no real increase in production, wages, etc. as it should be in a healthy economy), all you'll get it's just a delay in the manifestation of the "disease"... and when it'll come back, it will come not as a light breeze but as a huge tsunami... and I don't wanna be on the wrong side of the market when this event will happen...
"I can calculate the movement of stars, but not the madness of people"
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  • Posted: Nov 21, 2014 4:13am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 7  /  Views: 2,856