Fdisk
Please I just want a few pips.
Is that too much to ask?
- #2
- Aug 30, 2006 3:18pm Aug 30, 2006 3:18pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Weak economic numbers and low interest rate in <st1:country-region w:st="on"><st1
lace w:st="on">Japan</st1lace></st1:country-region>.
Trend is very strong, but to be healthy, we need a correction. The cheaper the oil, the greater chance of correction coming. When it comes, we should see a nice avalanche..
lace w:st="on">Japan</st1lace></st1:country-region>. Trend is very strong, but to be healthy, we need a correction. The cheaper the oil, the greater chance of correction coming. When it comes, we should see a nice avalanche..
Why is the YEN so weak against all of the currency as of late? It has had ralitive good news but yet it remains weak. Would someone give me enlightenment and thier view and share their knowledge. Much appreciated in advance
- #3
- Aug 30, 2006 3:39pm Aug 30, 2006 3:39pm
- | Joined May 2006 | Status: Trader | 1,043 Posts
Weak economic numbers and low interest rate in <?xml:namespace prefix = st1 /><st1:country-region w:st="on"><st1
By way of further emphasis, reduced retail sales and reduced household spending implies savings is up, which mitigates against futher interest rate increases.
- #5
- Aug 30, 2006 3:52pm Aug 30, 2006 3:52pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Everything is possible with <st1:country-region w:st="on"><st1lace w:st="on">Japan</st1lace></st1:country-region>. There is always some % of truth in every hint and/or rumor..
lace w:st="on">Japan</st1lace></st1:country-region>. There is always some % of truth in every hint and/or rumor.. Interesting Raczekfx,
The other danger i see is the bank of japan coming into the market llke the finance minister hinted at yesterday?? Dunno how real a threat that is.
Weak economic numbers and low interest rate in <st1:country-region w:st="on"><st1
Trend is very strong, but to be healthy, we need a correction. The cheaper the oil, the greater chance of correction coming. When it comes, we should see a nice avalanche..
Fdisk
Please I just want a few pips.
Is that too much to ask?
- #7
- Aug 30, 2006 4:52pm Aug 30, 2006 4:52pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
That's all small small stuff tho I think...
Big picture imho is hedge funds and presumably governments all over the world are into the carry trade for one thing, and Japan itself is a strong exporting nation on the other.
These are very big very strong interests and players who do not want the Yen to rise too much too fast.
I mean, look back at what happened. Let me quote someone...
http://detachedtrader.com/
and I had just read an essay by dailyfx's Kathy Lien on how the Yen might be this years weakest currency and not the dollar...with some very good arguing along the lines of Japans rates effectively financing America's debt etc...
Sounds good to me and all related action on the Yen crosses hint at a simliar picture. Go long GBP/JPY and EUR/JPY on pullbacks while ya still can!
Big picture imho is hedge funds and presumably governments all over the world are into the carry trade for one thing, and Japan itself is a strong exporting nation on the other.
These are very big very strong interests and players who do not want the Yen to rise too much too fast.
I mean, look back at what happened. Let me quote someone...
No country that I know of wants its currency to rise at all, let alone by 90%, or even 50%. In fact, Japan injected $13 billion into the market to prevent interest rates from rising (which would strengthen the yen):
"The Bank of Japan on Monday injected a massive Y1,500 billion ($13.3 billion) into the money market as it desperately sought to keep overnight interest rates under control.
"The injection came as overnight rates once again tested the 0.1% ceiling, calling into question the central bank's ability to keep rates at 'effectively zero' in line with its stated policy."
Remember when that was reported?
Things haven't really changed all that much...importers and exporters are strongly pushing and shoving at the yen...
http://detachedtrader.com/
and I had just read an essay by dailyfx's Kathy Lien on how the Yen might be this years weakest currency and not the dollar...with some very good arguing along the lines of Japans rates effectively financing America's debt etc...
Sounds good to me and all related action on the Yen crosses hint at a simliar picture. Go long GBP/JPY and EUR/JPY on pullbacks while ya still can!
Trust price. Know yourself.
- #13
- Sep 1, 2006 9:45am Sep 1, 2006 9:45am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Well, yen is very strange animal, when you wait too long with a shot, it's already gone..
But you're right, trend is strong, so I closed everything near 1hr v.tunnel around 9 est.
But you're right, trend is strong, so I closed everything near 1hr v.tunnel around 9 est.
dont be fooled guys, theres nothing to suggest jpy gonna get strong.... going to test 151
- #14
- Last Post: Sep 8, 2006 11:24pm Sep 8, 2006 11:24pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts