Do you race Raptor? My nephew has won several UK karting championships.
MD.
MD.
Keep smiling
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DislikedDo you race Raptor? My nephew has won several UK karting championships.
MD.Ignored
Disliked1st entry= 29.1 pip profit
2nd entry= 21.8 pip profit
Total pip profit= 59.6Ignored
DislikedHey Chekz Soros. What fibs you got on there, Monthly, Weekly and Daily?
MD.Ignored
DislikedDo you not also agree Compass that the Yen is a funding currency due to it's extremely low yield, hence the carry trade for funding equity purchases. When the stock markets go down as they currently are due to averse risk appetite. Traders chop their equity holdings and therefore reduce their funding requirements and unwind long cross yen positions.
This whole thing started happening back in July, August 07 when the credit crunch kicked off, GBP YEN was at 250 at the time. Have a look when Lehmans went under in 2008, GBP YEN dived about 4000 points...Ignored
DislikedThe Yen is the second largest traded currency in the world, behind US Dollar of Course.
US Dollar (cash) is considered a safehaven and is bought heavily if Gold, sharemarket is going down, or there are concerns in other areas.
Given the US Dollar itself has been sold off heavily over the last 12 months, you are seeing the Yen strength increase as the next option to buying the USD.
The pair to keep a close eye on is USDJPY as it shows clearly, which of these two strengthening currencies is the strongest this year. So far the Yen has been...Ignored