Yeah won't be abandoning that position anytime soon
- #11,518
- Sep 2, 2008 12:31am Sep 2, 2008 12:31am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
USD/JPY Discussion 12 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
Dislikedi think long term we are heading down, although we might see a short term (18 hour) spike up .. oil is getting crushed and its likily the stock markets will ralley off that, and push u/j up .. in my opinion ..Ignored
DislikedNothing personal..but this is what I find out....
Jap gona b in deep sh1t...their ppl taste of high end fashion/items are getting out of hand....
~In high skools, u gotta carry a brand bag (gucci or LV) just to be in trend and stuff....and at lot of skool gals fell for the p0rn business becasue they want to support their expensive living style not because they can't afford their normal living lifesyle....
Anyway. Have USD/JPY Long 108.33 with tight SL...
sonicIgnored
Dislikedyeah, but will it cause u/j to raise?
personally i think we are headed back up to the high 108s or maybe even 109 .. tomorrow, assuming the dow has a good day. which i think will happen will oil so low ..Ignored
DislikedGuys seriously, when has the yen behaved on fundamentals? Its THE carry trade currency, its short hard on risk aversion, long slow on risk appetite. Furthermore, Japan's economy HAS been in the crapper for over 10 years, its slowed, but nothing compared to the nosedive everyone else has taken. Just my humble opinion.
Its anybody's guess where this is going I suppose, just play your game.Ignored
DislikedBut still, a recession over there can help push the interest rate back to 0,25. It would be an enormous confidence boost for carry traders.Ignored