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Don't Forget the Yen
Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
Ashraf
Ashraf
Not to change the topic of your article, but would you say that the weekly downtrend is actually intact. I remember this from several hot-charts ago.
CAD rallied incredibly today, with no good reason I can see. I'm trying to discern if this gain in CAD against EUR is due to CAD's strength, because it doesn't seem to be against EUR weakness, at least when compared to USD. Then again, if EUR weakens further against the USD, I suppose CAD could also leading to a rise in EUR/CAD.
Am I trying to make sense out of a senseless pair, or just picking a complicated one? Hmmm, now that I look again, it seems that the lows are getting higher in this pair. Thanks again for your valuable and generous time.
Ashraf
what u mean with dont forget the yen why u choose this topic?
im sorry becouse my English langauge is bad i just understand 60% from ur article
looool
what we will see in yen next week ? or at last of year
Lower highs in AUDJPY suggests 82 a decent target. Especially if Aussie job figs prove bad later this week.
Chances of a real USD rebound beyond +3% are very hard to see unless we get a stock sell-off of more than 6-7%. latest Fed comments are very USD negative. only falling markets can save the dollar..or disappointing figs from China.
Ashraf
Also, you didn't mention targets for AUD/JPY - do you feel it's best to buy JPY against the 3 you mentioned, or would you say that AUD/JPY may fall hardest because of the high-yielding AUD?
Lastly, do you see the USD recovering whatsoever in the near-term until the end of the year? Would you simply say that it all depends on if we get an equity pullback?
Thanks for your help and time!
if you are George Soros, maybe you can drive the market a little bit......otherwise......we don't see any reason to touch Yen........short USD should be the best play by the end of this year.......
Yen should have some rally in Fed and March next year.....because many Japanese companies will repatriate their oversea money.....