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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
Mikestiller. Yes, yen weakness is mainly against USD but hesitant against non-USD while falling bond yields resulting from hesistant risk aversion. This highlights the continued buliishness in USDJPY.
Ashraf
Can you provide some insight into the decoupling of UST's and the Yen. It seems like the once correlated assets have decided to march to the beat of their own drum. Is the yen starting to price in potential currency/sovereign issues, bonds acting as flight to safety from US equities and Greece, or is there a larger issue here?
Thanks
Ashraf
do u find tonights RBA rate decision as market driving event...???
isnt it allready priced???
any thoughts...?
because , when i look at the calendar, i would see some usd weakness at least for the next 24hours...not only against AUD, but also against jpy, eur, nzd and gbp...
???
USDCAD met and exceed your targets, very nice calls! now it sits at 10175 at a trendline resistance.
Longer term are u getting a inclination that we may run up now?
Or do you still hold ur view that we wil be caped by 10240/50.
Would be helpful if you can give us your long term out for USDCAD.
Thanks again