Kim Jong Il shorts Yen

A good deal of the downside work on both USD/JPY and EUR/JPY has quickly been reversed as traders react to the headline that North Korea will conduct a nuclear test. The second headline has added the words 'in future', but this hasn't been enough to discourage some flight away from the yen.

Hmm, i have been waiting to short eur/jpy for quite sometimes... and till now, no reversal yet. Shorted us/jpy last nite but it was reversed and was stop out with bit of gain. Dont fight the trend... so SHORT SHORT both as of current view

Thanks for the news !

PS: Have to be careful of Eur/Jpy and eur pair because of ECB news thur.

I think I'm confused. Assuming that the money is leaving the yen, wouldn't this mean you go long on these pairs? Shorting them would mean an increase in value for the yen, no?

Yup, short the usd/jpy will mean jpy increase in value.

Look at this, there are ppls saying US interest rate is at the peak(Non Farmpayroll this Fri) and maybe there is a need to lower the interest rate to cool the already bad economy. Well, this is my FA view.

Whatever the case, i am looking at price level... which is the most impt. FA can be shitty.. in short term.

why would they need to? why would anyone want to attack North Korea?

Because North Korea has big missiles and big mouths.

Because Bush has a big army and a big ego.

Watch this for developments very carefully. If you really hawk cable news like CNN or whatever this weekend and see this, run, don't walk, to your trading platform. A nuke test is imminent. It will spike the living sh#t out of USD/JPY and EUR/JPY, weekend or not. If it does happen, I'll be looking to be holding either pair come Sunday Asian open. Which one depends on US NFP tomorrow morning.

We work off of 2 emotions, fear and greed, and this is a fear move. What happens after is irrelevant to trading this news. I've said before, trading news ain't just for economic data...

Granted we are all human and imperfect. What makes onehuman sick can make every one sick. Fear is our common enemy. President Bush knows this.

North Korea, like everywhere else, is really just a world of mothers and fathers trying to do what's right for their children. That is a peaceful intention and should be valued.

This test (which has occured) should not be about conflict or resentment, it should be about communication.

The best way a society can prove their peaceful intentions is to offer their emotional and economic help and support.

The real question should be: "What can be done to help the children, and the mothers and fathers of North Korea?"


just some humble thoughts...