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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
as long as bond yields remain strong and china does not raise rates.
Ashraf
More hawkish FOMC will prop up USD once more, possibly sending USDJPY higher.
dont know, just my feeling..he's always more exact and writes more,,and when he cant, politely excuses..
I dont want to say, that i need excuses, but im afraid of another plagiatism..
Sorry, I dont understand your last entry
Do you mean further weakness or strengthness of yen ? if you see 94,70 in cad/Jpy this means upcoming yen weakness
In my mind at least GBP/yen and eur/yen could be dragged down by weak and weakenng GBP
tightening of liquidity due to to possible discount rate-hike could easily drag down SP 500 (strong overbought) in favour of a stronger yen.
strong resistance areas on 1h charts around 127,60 eur/yen and 143,80 GBP/yen are not yet broken
Ashraf
Do you see CADJPY going back down bellow 82.00 anytime soon? and if so under what conditions fundamentally?
Many Thanks