it make a sense but its to crazy to me playing on this pair this week....end
good luck!
Ignored
Why is it crazy this pair should continue to move upward into the end of next week. The earliest you will see real selling pressure is Sunday & based on the outcome of the elections we may not see to much. The markets are trading very lightly and pairs tend to float upwards. We also still have the fiscal cliff looming till that out of the way I wouldn't expect any major down moves as well.
Why is it crazy this pair should continue to move upward into the end of next week. The earliest you will see real selling pressure is Sunday & based on the outcome of the elections we may not see to much. The markets are trading very lightly and pairs tend to float upwards. We also still have the fiscal cliff looming till that out of the way I wouldn't expect any major down moves as well.
Ignored
what are you gonna do with your Kiwi/j? Will you hold it till the high of 2007?
Forex Flash: LDP well positioned to gain 2/3 majority; USD/JPY at 85.00 by year-end - NAB
FXstreet.com (Barcelona) - Asian investors will get the release of the quarterly Tankan survey this morning, which according to NAB strategists, "is expected to offer a pretext for further BoJ easing actions at next week’s BoJ meeting (Wed/Thu)." The bank suspects the BoJ will add between Y5 and 10tn to its asset purchase programme next week.
All the focus, however, remains on Sunday’s Japanese election result. As NAB notes, "the latest polls suggest that the LDP could, with the support of New Komeiti, its natural coalition ally, gain enough seats to give it a two-thirds majority in the Diet (lower house), and this would then enable it to override the upper house in pushing through legislation (something that could be critical for the appointment of a new BoJ governor and the two new deputies next March and April)."
NAB continues to keep its ambitious call of Y85 on USD/JPY before year-end.
what are you gonna do with your Kiwi/j? Will you hold it till the high of 2007?
Ignored
Trailing it wide a wide stop I started buying over 2 weeks ago and have added in on weakness & taken pieces of on strength so I'm very far ahead of this trade I'm monitoring everydays close and adjust the stop accordingly. If it makes to 2007 high before my stop is hit that's wonderful if not I'm way ahead of the trade so it's all gravy at this point. Swap is very nice on this on as well.
Trailing it wide a wide stop I started buying over 2 weeks ago and have added in on weakness & taken pieces of on strength so I'm very far ahead of this trade I'm monitoring everydays close and adjust the stop accordingly. If it makes to 2007 high before my stop is hit that's wonderful if not I'm way ahead of the trade so it's all gravy at this point. Swap is very nice on this on as well.
confidence worse than after earthquake/tsunami/nuclear meltdown)
By Eamonn Sheridan || December 14, 2012 at 02:54 GMT From the FT: Japanese business confidence slumps
The survey, carried out over the 30 days leading up to December 13, shows that spirits have sunk further than in June last year, after Japan experienced the triple disasters of an earthquake, tsunami and a nuclear meltdown….Analysts said the latest Tankan survey – which the central bank considers when formulating monetary policy – will increase expectations of further loosening next Thursday, after the BoJ’s board meeting.
