Yen : Breaking 100 Barrier? | Forex Factory

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Yen : Breaking 100 Barrier?

  • #1
  • First Post: Mar 12, 2008 11:34pm Mar 12, 2008 11:34pm
Hi Guys..


This past few days $ is getting beat, and Euro, Yen is going sky high maybe a bit to high in my oppinion. is this the best time to enter long $ ? or $ will drop some more.

Within the hour UJ has break 101.00, now the question is : will it break 100 barrier?

Pro:
Strong Yen will hurt export / strong resistant @ 100

Con:
Stronger Yen means cheaper oil
Trend is still going down

Any UJ lovers here wanna share there opinion?
  • #2
  • Mar 13, 2008 12:29am Mar 13, 2008 12:29am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Sure it can break 100 barrier.. High JPY hurting export who's gonna care?.. Everyone is selling USD now before it turns into trash..

:
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #3
  • Mar 13, 2008 12:46am Mar 13, 2008 12:46am
Quoting CWH
Sure it can break 100 barrier.. High JPY hurting export who's gonna care?.. Everyone is selling USD now before it turns into trash..

:
I agree on breaking 100 barrier, but how far will it goes.
US is the consumer of the world cheap $ means higher consumer good price = inflation = Fed up rate. but current situation needs lower rate so which will win. Inflation or credit crunch?
  • #4
  • Mar 13, 2008 12:52am Mar 13, 2008 12:52am
I am betting on retracement now. 100.00 is a very strong resistance there.

It has never broke through but only for the year 1994.
  • #5
  • Mar 13, 2008 1:03am Mar 13, 2008 1:03am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting bocanti
I agree on breaking 100 barrier, but how far will it goes. US is the consumer of the world cheap $ means higher consumer good price = inflation = Fed up rate. but current situation needs lower rate so which will win. Inflation or credit crunch?
CREDIT CRUNCH will rule....

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #6
  • Last Post: Mar 13, 2008 5:03am Mar 13, 2008 5:03am
Quoting morton82
I am betting on retracement now. 100.00 is a very strong resistance there.

It has never broke through but only for the year 1994.
100.00 is broken now.. we are seing 1994 low.

the question now is how far will it go? just touching 100.00 or it will go to 95 or 90?
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