BAM BAM BOOM! -bravado
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedFrom what I understand the next rate meeting isn't until August, so it's not likely official rates will be changed before then. Meanwhile (again reportedly) one of the main player sections that in the past have caused the yen to drop against the USD - the Japanese exporters - are pretty well hedged for the next few months. So that pretty much leaves carry trade players. Again (from the news) the big ones in Japan have sort of run out of room for small country paper (like NZD), so perhaps one might actually expect some upward pressure from there on the majors. A big *if" is US rates - will the Fed say something soft tomorrow (given the housing problem, the slowdown in the economy) or will they continue looking at core CPI and pretend everything is ok? OTOH, it seems a fair bit of Asian money is in the Dow, what happens if the Dow goes wobbly - will that get pulled? More questions than answers but - if it leads to increased volatility in the Yen against others, one can expect a general decline in carry trading. Which could, of course snowball...Think I'll retreat to my chartsIgnored
Dislikedi have 2lots sell at 122.40 tp at 116.50 and going comando without a stop lossIgnored