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Don't Forget the Yen
Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
How high do you see the pullback for NOK/JPY and CHF/NOK?
CHF is gonna struggle big-time with Euro losses and intervening is only solution.
HERE IAM BUT U HAVENT READ EVERYTHING ESPECIALLY THE LAST SENTENCE;
"FOR THAT TO HAPPEN IT MUST NOT BREAK BELOW 5.4867-5.4877"
I STILL EXPECT A PULLBACK BUT OVERALL FOR 2010 ITS GONNA BE NOK STRENGHNING;
CHF/NOK, 5.4740
Where is those weakness in NOK that many predicted?
NOK is bull untill 1-5. March....
Stock market correction is over.
NOK doesn't seem to take on more losses.... Not against YEN or CHF.
Heading driectly for CHF/NOK to 5.45 and NOK/JPY to 16,7.
Hope I can get in on 15.24 (should have gone in when it was 14,7!!!)
Said, comments please...
I'D GO FOR 90.75 RESISTANCE OF TREND LINE TERMINATING A FIVE WAVE PATTERN
as for chfnok we ahve reached the target level with the pullback at the low of 5.4788 last night
now i think we are heading to 5.5050-5.5100
FOR THAT TO HAPPEN IT MUST NOT BREAK BELOW 5.4867-5.4877;
nokjpy strenghning at around the seventeen level.
the norwegian stimulus in the regional economic makes the arbitrage in favor of norway. then the commodities stimulus redirected to japan due to weakness in consumption in the uk and the us makes the krona more appeal to other counterparties.
but this strengh will appear to be temporarly because as i mentioned in the forum and i insist JAPAN is gonna unleash its potential. i know some analyst are pessimistic on japan economy but i maintain my view on the archipelagoes.
I am not looking for a rate increase, I only say that one is in proces to withdraw the various liquidity programs.That means a tightening in US compared to a possible increase of liquidity in Japan. Vvery concerning news out there today.
Swiss Bank don't want a stronge CHF compared to the EUR, at the same time EUR are weakening, so I expect the CHF to weaken to. NOK will get stronger in the future, we have a good economy here. Question is, if the correction is over for now. I would like to go long NOK against the JPY, cause NOK/CHF is abit boring lately.
Said, where do you see JPY in the future? (Against NOK)