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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
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FXHandler
Norway
Posts: 195
14 years ago
May 6, 2010 23:09
EXTREME MOVES!!!!!
JPY/NOK, $$$$$$ AND MARKET COLLAPS!

Guys, have a look at ACCENTURE plc, dropped from 40$ to 1 cent in 10 seconds, then rebound up again to around 40$!!!!

Totally madness!

What's going on Ashraf?
Many people lost allot of money in seconds today.... no trust in market anymore....
lucky
ibadan, Nigeria
Posts: 377
14 years ago
May 6, 2010 22:54
ashraf please comment on gold silver is stable but gold is skyrocketing whats your advice i am shorting gold without sl thanks
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
May 6, 2010 22:49
JPY carry unwind started before DOW crash ... i set buy stop limit EURJPY short but wasn't executed...
anybody opts for trader error? I don't buy that story.
No matter what the exposure of euro banks in PIGS bonds is in the 500 bill Eur range my bet tomorrow
ECB will announce qe because the alternative is credit freeze the hard way.
So EURJPY long should be doing well.
hrtrader
Fortaleza, Brazil
Posts: 8
14 years ago
May 6, 2010 21:48
Ashraf-
I was hoping you could comment on USDJPY. I was surprised at the move today, as I consider the US to have the stronger economy, lower national debt, and to be closer to tightening monetary policy. Does this move reflect market perception that Europe contagion is likely to hit the US to a far greater degree than Japan? Since the market is likely to continue in a risk averse orientation, what should we expect going forward for USDJPY?

many thanks
Maria
Juarez, Mexico
Posted Anonymously
14 years ago
May 6, 2010 14:26
Mr Laidi,

I know you bullish on USDJPY in recent weeks. I writing to ask if the the 150 pips drop in USDJPY has affected your outlook? How low do you see the USDJPY dropping further this week? Please share your thoughts with us.

Thanks you,
Maria.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
May 6, 2010 9:38
Handler, oh no, i would NOT sell yen vs NOK. i would rather BUY BOK vs USD than against YEN.

My IMT on USDNOK turned out wrong but USDNOK weekly faces key 100 moving average resistance at 6.10. but if youy want to sell NOKJPY i would not target below 15.

Ashraf
Dodger
London, UK
Posts: 139
14 years ago
May 6, 2010 8:16
When things are this volitile,you can make or loose a lot of money on these crosses,we have NFP,uk election result,various euro politico comments,all could effect yen movements even if unrelated to euro,ie.good NFP could push usd/jpy,cameron victory???could drive up gbp/jpy,these would also effect euro/jpy even if euro/usd is in the mud.For me this business is as much about avoiding the punches as landing them,by hard experience trade can look good but be badly timed and you walk into awall of short covering or central banks bargain hunting.
Callum
Singapore, Singapore
Posts: 179
14 years ago
May 6, 2010 4:36
Does anyone have a view on EURJPY? The fall in the past 2 days has been interesting as we see a bounce from its previous low in sub 120 level. By just looking at the EURJPY monthy chart, it would seem a breach below this could provide a continuation to around 110?? Anyone brave enough to short at 120 levels?
FXHandler
Norway
Posts: 195
14 years ago
May 5, 2010 17:54
Hi Ashraf

Read your last Intraday Market Thoughts.
The Nok got hit badly against the JPY today, probably because of market fear and oil decline. Even we raised interest rate, the financial minister "talked" the gains down...
However the Nok strenghtened against the CHF and EUR, cause of big problems in the EU.
You know me, wanting to short the JPY, is it good to sell JPY against the NOK at these levels @ 15,46-15.62?
If oil will rebound I expect the NOK to strenghten against the JPY as well......
When do we see 16.5ish again?
Advice please.

Cheers
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 3, 2010 19:45
Against the trend scalp trade stops at break even take profit 94.30
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