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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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kidwai
karachi, Pakistan
Posts: 77
15 years ago
Feb 22, 2010 16:26
Hi Ashraf Brother thanks for cadjpy i make good amount of $$$$$.
Take care
Best Regards
Yasir Kidwai
Callum
Singapore, Singapore
Posts: 179
15 years ago
Feb 22, 2010 16:25
Thanks Ashraf. I had my CADJPY short triggered at 87.85 I did close off at 8730. I also had shorts on USDJPY 92.00 and 9155 both closed with profits. You are great! God bless you!
PippedOff
Canada
Posted Anonymously
15 years ago
Feb 22, 2010 16:21
All over cadjpy Ashraf. Once aain, thanks.

Also, gold is minting my trading accounts!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 22, 2010 16:13
i hope somebody got in CADJPY short from 87.80 posted in latest IMT and twitter. all the action has been in JPY today.


Ashraf
Eelman
Maine, United States
Posts: 93
15 years ago
Feb 22, 2010 16:03
If equities, oil and gold are dropping so will aud/jpy...for now anyway. It is no secret that the BOJ wants a weak yen.
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 22, 2010 15:42
Aussie-Yen had a phenomenal drop in January. What was that all about?
Has recovered more than 50% I'd say now, but maybe this leaves a lot of "technical" downside potential?
Xaron
Munich, Germany
Posts: 528
15 years ago
Feb 22, 2010 13:46
"Australias dollar may climb to its highest level in a month against the yen as Japanese investment trusts seek to raise the most money since July 2008 for investing in foreign assets, RBC Capital Markets said.

Japanese mutual funds will potentially fuel explosive demand for currencies such as the Australian dollar by channeling money to higher-yielding and emerging-market assets, Sue Trinh, a senior currency strategist at RBC, said in an interview. Aussie-yen, a good proxy for such trades, could potentially rally toward 85 yen on the back of these flows. "
Xaron
Munich, Germany
Posts: 528
15 years ago
Feb 22, 2010 13:45
I would not short the Aussie now...
http://www.bloomberg.com/apps/news?pid=20601081&sid=aLrz8eoeWMeI
New Pip
birmingham, UK
Posts: 84
15 years ago
Feb 22, 2010 13:34
Eelman,

I'm with you on the Crude going down. I don't know much about Aud/Jpy.
Eelman
Maine, United States
Posts: 93
15 years ago
Feb 22, 2010 13:19
Short aud/jpy @ 82.40 and Crude @ 80.25 The mindless risk rally is getting tired.
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