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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
if u understand what this mean, then we can talk. i dont want waste my time.
It's been said that it would not be much of an impact this year.
Hope that helps
The vast majority of people have no clue about the political situation of their own country.
And am I saying that North Korea is the sole problem? I'm saying that the Korean situation can intensify the depreciation of the Yen
What is your problem? Can you just read my side of the argument before slamming upon me with absurdist claims and assumptions?
dont use NYtimes for research, my advise.
But Ashraf, let me suggest one common sensical evidence with what's going to go on in Korea. The North won't escalate a full scale warfare, but within these two months, they would go strong with random shell firing events to depress the Southern Korean Economy, which would, essentially be advantageous to North Korea if they want a full scale war in the long run.
With the Won going to depreciate for sure in the coming months, BoJ and Abe would not let the Yen to go up in anyway, hence we witnessed the firm consolidation above 92 as investors know that.
Just my two cents, but this would support USD/JPY long positions even further, and the pitches of salt from Kuroda or Abe would just intensify the effects which Korea is going to bring in these few weeks.
I agree w/ the rest. Keep selling yen. when you hit 97.50 take a break before seeing 100.
Adhraf
Possibly none.
So read the article and accept defeat.