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- Momofrmnyc commented 6 hr ago
While I don't disagree with the sentiment of the trend being your friend and truly if they do nothing it's open for a further run up but I don't see BOJ just sitting on their hands and allowing the currency to just shoot to 170 - 200 and so forth ...
- Momofrmnyc commented 7 hr ago
That's the thing it brings in volatility one way or the other. Either they actually do something about their weakening currencies or they watch it go to heights never seen before. I got burnt in the beginning trying to time the stock markets and ...
- Momofrmnyc commented 8 hr ago
South Korean & Japanese told their USA counterparts about their concern about FX stability. Now a green light on currency intervention from Yellen. Something will be coming down the pipeline I assume - when is the billion dollar question.
- Momofrmnyc commented 9 hr ago
Agreed I think USD is still the more lucrative looking economy in comparison to the lot. I feel like we are potentially gearing up for a slightly higher PCE tomorrow but that's just my opinion at the moment. Let's see what happens.
- Momofrmnyc commented 29 hr ago
Hmm BOJ loves the surprise of dropping prices lower when you least expect it. I feel this could potentially still have room to go to 160 but I do think it depends on the speed of how it goes upwards. For example if it was to go from 155 to 160 in ...
- Momofrmnyc commented Apr 18, 2024
It's a more of a rhetorical question. I know globally economies are more linked together. There speed of cuts shouldn't rely solely on USD since EURO is in far dire straits in comparison. USD definitely needs to cut rates especially with those ...
- Momofrmnyc commented Apr 18, 2024
What's does the US economy have to do with the Euro economy? You guys are on two different footings. Your numbers have shown way more cracks than the USA at this moment.
- Momofrmnyc commented Apr 10, 2024
Oh definitely not at this point. They need to open their toolbox and choose another object to address the markets with.
- Momofrmnyc commented Apr 10, 2024
This time it has blown past those blocks since Jan 16 23 when it was 127 and we are now at 153. GBP/JPY went from 156 to 191/192 and EUR/JPY 138 to 164. I won't say it can't appreciate even further but I'm saying it's due for a nice pullback ...
- Momofrmnyc commented Apr 10, 2024
You should be a billionaire if that's the case.
- Momofrmnyc commented Apr 10, 2024
UEDA wouldn't be responsible for intervention when it's actually coming it would be from the Minister of Finance or Suzuki. If he orders intervention then the BOJ would proceed. I'm thinking now 155 could potentially be the line in the sand since ...
- Momofrmnyc commented Apr 10, 2024
Sure if your chart is inverted.
- Momofrmnyc commented Apr 10, 2024
Nothing is ever that simple in the market and there can always be numerous catalyst that help push a price further whether that's up or down.
- Momofrmnyc commented Apr 10, 2024
It'll happen when they're ready to press the button.
- Momofrmnyc commented Apr 10, 2024
Ohhh so very hot........Those rate cuts are dwindling faster and faster.
- Momofrmnyc commented Apr 9, 2024
Makes sense the charts have been showing that especially when I look at how UC and CJ have been contained while other pairs are shooting higher.
- Momofrmnyc commented Apr 8, 2024
It's all about where UJ goes honestly as long as it doesn't cross to heavily into the 152 I don't expect them to do anything. If that price does get breached heavy it will be interesting to see where the sell orders are placed.
- Momofrmnyc commented Apr 8, 2024
Yeah seesaw is good volatility for those but I'm a longer term follow the trend kind of guy.
- Momofrmnyc commented Apr 8, 2024
For me I'm waiting until CPI truly to see the direction of USD it seems like a big seesaw at the moment.
- Momofrmnyc commented Apr 5, 2024
We know higher for longer rates are definitely warranted. What happens when the data stays stagnant when it comes to inflation but other CBs start cutting their rates? It puts FEDs in a tight situation since so many transactions are done with ...