Don't Forget the Yen

Ashraf, thanks for your reply.

But I would like to point out that NOK/JPY closed at 14,75 (05.Feb), the same minute CHF/NOK closed at 5.6007 (and CHF/JPY dip to 82,577).
If you don't expect CHF/JPY to go below 82, but at the same time NOK/JPY to follow more losses to 14, this would then be equivalent to a CHF/NOK at 5,857. Right?
Well, I really doubt that CHF would even come close to this (against the NOK), being in a downtrend and fighting against EUR that is just heading lower. CHF keep on intervening regularly to prevent the EUR/CHF cross heading too low.
So if the NOK/JPY will go to 14 and CHF/NOK at a very doubtfully maximum 5,7, We will have to see CHF/JPY below 80.....and even close to 79...
I am just asking if it is smart to go long NOK against YEN on this levels (~15.0) or wait for more loss to 14. I expect to see 16.625 in the within May and further 18.18 in 6-7 months or so.

Still trying to learn from you.

Best Regards

POLLUX

forget about interst rate hike in the us for a while not because the situation is not going well as some expert say but because the us are in the dynamic of the pacific rim integration and they r financing other blocks intregration through the printing and issuance of debt.
when they will reach the equilibrium in pac rim according to their view they only the fed will raise rate in order to withdraw liquidity from the system and reinject it in the equity market worlwide.
Euro might become the carry trade lot for a while and it looks like central government are stepping towards this possibility through massive issuance of debt with high level or covered ratio. The engine is partly due to Freddie mac and all this government sponsored vehicule.
The risk and there it is come from the fact that even if the market has recuperated part of its loss the inherent market risk due to global imbalance and not subprime has not been eliminated. THERE ARE THE FONDATION FOR ANOTHER LAYERS OF MARKET RISK

RENDEZ VOUS DANS UNE OU DEUX DECENNIES.

Hi Ashraf,

I have a short position of EUR/JPY at 122.08 (10 Mini Contracts )..... Now in last 30 min, it went to 122.60.... The DOW index is negative..... Do u think EUR/JPY will come down to 122.00.....

Pls share ur advice.....

Thks,
AVG

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Lucy
http://forextradin-g.net

chloe- need you ask? stocks MUST close strong into the close, lest the public catch on what a jam-job this is.

Can't wait to hear Cramer taunt the bears later.