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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
DO U SEE A CORRECTION TODAY ON DOW JONES
Ashraf, being the humble that he is, didn't post this on all threads...so I'll volunteer.
And you guys thought Ashraf Laidi was good at inter-market analysis!
http://www.youtube.com/watch?v=bS9B3i3vaMY
Asad
any prolonged JPY weakness will be selective. against NZD, EUR but nothing below 92.70 in USDJPY.
Ashraf
You said "nothing will reverse yen weakness"; so is this USDJPY decline from 94.68 to 93.33 a pullback or some fundamentals have changed and we are seeing a reversal towards 86.00 ??
Many Thanks
from there a bounceback at the 94
but the trend for yen is down. after 93.30 , 23%retracement , i project the 50% ie 91.50
from there the uptrend can resume to the forecasted level of 100