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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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rkkashmir
Posted Anonymously
15 years ago
Jan 22, 2010 0:38
Close immediately. USDX due for a sharp pullback.
Caseyfj
Texas, United States
Posts: 8
15 years ago
Jan 22, 2010 0:28
Just re-entered the short for AUDJPY as Ashraf advised. From 81.55 to 81.15. Where do you all generally put your stop loss? Thanks in advance.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jan 21, 2010 23:50
Japanese rarely jawbone at the day of the yen storm because they know it would be futile. They usually. wait for the strength to intensify first. And key YEN levels have not yet been breached.

Ashraf
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 21, 2010 23:33
I just put out an A.P.B. for our good buddy usd/jpy. Last seen grasping for breath above 90.00. Need help searching for it in the depths of the 80s abyss.

I'm also about to issue one for Aussie, who an hour ago broke below 0.9000. Rebounded back currently ay 0.9017.

Just two days ago analysts (not Ashraf) were punding the table on Aussie, claiming its yield would help soften any downside. I guess 200 plus pips in three days is "softening the blow". Now I am reading reports from same analysts saying Aussie has limited upside from here and his tipped lower.

Really? Thanks for the advice 200 points late.

BTW, after Goldman's Pump and Dump Cable Cartel routine on sterling via frontrunning on eur/egp offers, what will their next play be? Sterling down 200 plus large ones since Goldman "released" their report on the unsuspecting public.
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 21, 2010 23:23
Thar she blows: bounce from 91.07 a meek 18 pips. Immediately back pounding 90.00.

Bam- that she goes: 89.90 and counting.

Who let the dogs out? Obama?

200 pips since he spoke
PippedOff
Canada
Posted Anonymously
15 years ago
Jan 21, 2010 23:14
Who blinked? another nose dive in usd/jpy just now: from 90.45 to 90.10 in oh, about 90 seconds, lol.

Earlier today from 90.70 to 90.10 in 90 minutes.

Where's is Kan and his jawboning?
said
mulhouse, France
Posts: 2822
15 years ago
Jan 21, 2010 22:48
@FRANK
THE PLAY IS THE COMMODITY BASED CURRENCIES AT MY OPINION AGAINST AMONG OTHER THE POUND;
APLUS
FrankBrit
Frankfurt am Main, Germany
Posts: 73
15 years ago
Jan 21, 2010 22:37
@ said. For me the question is whether at that point the USD will be strong against other currencies except JPY or whether it will be a borderline basket case against all major currencies including the JPY? I leave you with that. A bientot!
said
mulhouse, France
Posts: 2822
15 years ago
Jan 21, 2010 22:31
@FRANK

I USED FIBO AND ELLIOT WAVE AND I SHARE DEUTSCHEBANK LEVEL BUT AT 77..NOT BY TOMORROW
FrankBrit
Frankfurt am Main, Germany
Posts: 73
15 years ago
Jan 21, 2010 22:23
@ said. Thanks, will monitor with interest. I've been in JPY since mid 2008 and EUR, CHF, AUD for a bit. No pipping for me until I find the right vehicle ... low leverage ... I might dummy trade for a bit and build some discipline and good habits ... But I have a day job to do too. JPY won't run forever though - Deutsche Bank had some recents interesting comments in FT on potential final target based on historically typical 20 pct overvaluation - about 75 or so I think. I won't be so ambitious, however, as even if acheived it could come and go in a nanosecond - and anyway, it depends what going on with other currencies.
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