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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
asad
London, UK
Posted Anonymously
14 years ago
Mar 31, 2010 1:10
Ashraf,

Which idiot would doubt you on Yen?! I mean...YEN??!! You insight on Yen is like United playing at Old Trafford (now even w/o Rooney).

I'd pit my money on you Yen analysis...blindy...anyday! It's a foregone conclusion...so let's move on!


Asad
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 31, 2010 1:03
Many were sceptical about my +92 yen target and even 93.

this can do 94 on Friday

Ashraf
Dodger
London, UK
Posts: 139
14 years ago
Mar 30, 2010 11:32
Actually an NFP on thin holiday volume sounds pretty dangerous to me,case shiller and consumer confidence if bad today could be the catalyst for a bit of bearishness in US equities,however personally would not like to be short us/jpy or any of the crosses at the moment,got burned last week and wished I had listened to Ashraf!
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 30, 2010 10:10
At least it can become extremely volatile as most countries except US have a bank holiday there. So a NFP day with thin volume might become interesting...
Callum
Singapore
Posted Anonymously
14 years ago
Mar 30, 2010 10:07
I am guessing an extremely disappointing NFP number on Friday would sent the JPY higher, enough to trigger a short-term reversal??? On the other hand, if NFP is on target or exceeds expectation, then, JPY weakness could really shoot up, eg, towards Jan high. For example, 8-Jan-2010: NFP expectations were off the roofs; but, crushed expectations sent the USDJPY lower. With the equity markets closed on Friday, I am not sure how much of the reaction we see on Friday.

Looking forward to Ashraf's calls on NFP.
Pipster
UK
Posted Anonymously
14 years ago
Mar 30, 2010 8:39
Ashraf,

Jpy is getting blown out the water. Is there any sign of risk aversion, to bring the Jpy currency back up.
said
mulhouse, France
Posts: 2822
14 years ago
Mar 29, 2010 13:41
HE PARIS THIS IS LONDON

EXPECT YEN AT 100

Pipster
UK
Posted Anonymously
14 years ago
Mar 29, 2010 12:51
Dodger,

Thanks - The equities are looking strong. It's going to take a miracle
Dodger
London, UK
Posts: 139
14 years ago
Mar 29, 2010 12:28
Equity markets are starting to look very extended and due for another pullback but callum is probably right they will get dragged further up on a thinning holiday market which only means it will be harder when they do fall.More bad european news could also pop up anytime,or a chinese rate rise,personally I find the FX markets acting very much out of the ordinary at the moment. Maybe end of financial year squaring up???
Pipster
UK
Posted Anonymously
14 years ago
Mar 29, 2010 11:58
Callum,

To be honest I only understood part of that. I'm short on the Aud/Jpy and hopefully when risk aversion comesin it should come down. also if the equities fall, this should bring the pair down. Thats How I understood it -