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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 11, 2009 19:00
vank, yes budget deficit has always been a problem for japan especially as they may issue more bonds but at least yen strength enables Jpns to raise money from abroad.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 11, 2009 18:59
vankata, if cyles work, then we could see 82 mid Q1.

Ashraf
vankata
Plovdiv, Bulgaria
Posts: 3
15 years ago
Nov 11, 2009 18:34
Hi, Ashraf can I get your thoughts on the usd/jpy about the mid to longer term; based on USDJPY Cyclicals from the dynamics workbook, in the next a couple months we could see strenghtening in the usd against the jpy and also we might get a double bottom on the monthly chart, i guess how november closes. One last thing when does the market starts payng attention on the budget deficit in Japan because some hedge funds are saying it is too late to even fix it and how does a currency even reacts relative to the others?
Rob
New York, United States
Posts: 305
15 years ago
Nov 11, 2009 17:44
You read my mind about NZD/USD for today - also as you probably know - and hopefully the other readers
NZ Central Bank Governor said the following:

- The rise in the New Zealand dollar over recent months could hinder continued improvement in the external balance, Bollard said in a semi-annual report on the nations financial system. The currencys current level is unlikely to be sustainable, he said.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 11, 2009 17:36
rob, these comments always have a duration of 5-7 mins. but watch out from Obama trip to Asia next week. Consider lower NZDUSD ahead of this evening's NZ jobs figs

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Nov 11, 2009 17:21
Thanks a bunch and I'll re-enter at .9030 or .9015

And by the way, I'm going to presume Giethner's comments about a strong USD will bear no weight whatsoever; unless of course you mention otherwise.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 11, 2009 17:02
Rob, for a longer term play, i see more upside for EURGBP at 0.95. SEE LATEST HOTCHART

Ashraf
Rob
New York, United States
Posts: 305
15 years ago
Nov 11, 2009 16:21
What did you eat for breakfast today Ashraf? - you're always on, but today you're ON - thanks for all the tweets and IMT's - I like this EUR/GBP pair - any thoughts on a re-entry after the .9070 target is hit, and possibly long-term prospects - do you think .9500 by year-end is viable? Thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 11, 2009 16:14
Dan, i dont look at BRL very closely but i say slight temporary recovery in USD towards 1.77

Ashraf
Dan
New York, United States
Posted Anonymously
15 years ago
Nov 11, 2009 15:57
Thanks Ashraf. Do you have a y-e target for USD/BRL? I have been having cold feet over it lately..
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