is it GBP/JPY analysis ???
) USD/JPY is an important watch for estimating the direction of GBP/JPY.rgds
tiku.
always expect the unexpected!
- #6,841
- Jun 26, 2007 12:49am Jun 26, 2007 12:49am
) USD/JPY is an important watch for estimating the direction of GBP/JPY.rgds
tiku.
- #6,842
- Jun 26, 2007 12:52am Jun 26, 2007 12:52am
GBP/JPY = USD/JPY * GBP/USD. As beeing one part of the equation, an important multiplicator with higher impact than the other (due to the higher figures: 123,15 is higher than 1,9975
rgds
tiku.
Anyway and for something completely diffrent
07:43 USD/JPY: Working Through Bids as Importer Orders Are Filled London, June 26. Further Dollar losses as sub-prime concerns and Japanese rate speculation lean on USD/JPY. MOF warnings over the "carry trade" have also played a part in driving the Yen higher. There was talk overnight of a possible press report, suggesting that top MOF officials met in mid-June and concluded that further Yen weakness was not desirable. Interestingly USD/JPY was at levels around 122.00 back in the middle of the month. The Yen has also drawn support from the BIS report, which highlighted the currency"s plight and hinted at higher Japanese interest rates.
All in all a backdrop supporting a better bid Yen and the markets are obliging. USD/JPY has worked through Japanese investment and importer bids in the 123.20"s to reach an indicated 123.15 low. Incidentally there is large option expiry at this level today. There remains talk of good sized Japanese toushin related bids down to 123.00 and there is a suggestion that these flows could run through to August. On the offer side exporters and city bank orders reportedly sit between 123.80 and 124.00.
USD/JPY is currently holding inn the 123.20"s but has a heavy look about it. Support runs in at 123.10, the low from the 20th June and we expect the market to trade away from this point on the first test and then break it through New York. [email protected]
- #6,843
- Jun 26, 2007 12:56am Jun 26, 2007 12:56am
GBP/JPY = USD/JPY * GBP/USD. As beeing one part of the equation, an important multiplicator with higher impact than the other (due to the higher figures: 123,15 is higher than 1,9975
rgds
tiku.
yes, i know, but here is GBP JPY forum, understand???
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- #6,847
- Jun 26, 2007 1:06am Jun 26, 2007 1:06am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #6,848
- Jun 26, 2007 1:11am Jun 26, 2007 1:11am
LMAO, the dreaded foreign exchange language curse strikes again.
Long from 246.00
yes, i know, but here is GBP JPY forum, understand???
whats your think??
246.00 break???
Admittedly I am largely a silent observer here, so maybe I am not entitled to an opinion, but you need to take it easy! yesterday your complaint about some banter about Japanese housewifes and now this unjustified outburst. Some humour will get you further than agression.
This is my first reply.
Finally someone said just what I was thinking.
i get a lot from reading the evals on other currencies and some of the silly remarks make me laugh out loud. i love it.
Lori
- #6,854
- Jun 26, 2007 1:20am Jun 26, 2007 1:20am
Everyone is entitled to an opinion. I was a silent observer for a more then a year.
now I cant shut up.
Just a little excited about my "holy shit" moment. Just waiting to wind down now. Hopefully soon. These forums are sucking my soul out
sniper is practised
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Admittedly I am largely a silent observer here, so maybe I am not entitled to an opinion, but you need to take it easy! yesterday your complaint about some banter about Japanese housewifes and now this unjustified outburst. Some humour will get you further than agression.
Thanks for pointing that!
always expect the unexpected!
