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

JPY

Discuss JPY
 
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Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 3, 2010 19:40
short usdjpy at 90.70
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 3, 2010 0:49
for audjpy i believe its better to sell at 87.30, 87.50, 87.70 and 88 preference is no stops as we are seeing a broadening pattern which has more likely chances to break below than towards upside. A upside will be an opportunity to add more shorts. If i correlate all the moves in fx i see aud going down, jpy may not see 95 euro 1.29 gbp 1.48 . Damn Ashraf is right and spot on.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
May 3, 2010 0:43
jpy has been consolidating for a long time now in search of a break and now i think it will be to the upside. we are going to see 97 soon , however i will still prefer to sell it at 94.50 and 94.75, not planning to buy usdjpy unless we see 92 as the risk reward ratio is too bad however in selling we have a good risk reward, untill it breaks above 95.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
May 2, 2010 23:56
shane, good point. The RBA rate hike may not take place as CHina tightens further.

Ashraf
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 30, 2010 18:27
RBA rate decision, china shangai expo , greece decision, tokyo on holidays for almost a week who wants to keep audjpy lolz.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 30, 2010 18:23
Risky heart throbbing just took profits on audjpy short at 87. Want to keep it but very volatile week ahead and i am very happy on 50 and 70 pips. have a good weekend.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 30, 2010 15:37
Does Yuan revaluation have a more general effect on USD (i.e. other than on USD/JPY)?
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Apr 30, 2010 10:23
Hi ashraf,
where did you found this news about Yuan revaluation for today, please ?

dj
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 30, 2010 3:25
chloe, Rob

The thinking is that china reval helps its Asian partners therefore booosts their FX including the yen.

CHloe, i said China may revalue currency and NOT to tighten policy. If teh latter then more negative for appetite but i do not see how revaluation will hurt markets. It did not on July 2005


Ashraf
Rob
New York, United States
Posts: 305
14 years ago
Apr 30, 2010 2:14
Ashraf,

Please excuse my ignorance on this whole China Revaluation. How will this affect the FX markets? And USD/JPY in particular. I take it that it would be more USD positive than JPY positive. Thanks.
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