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

JPY

Discuss JPY
 
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catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 14, 2010 16:42
They slwoly get it: JPY rises.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 14, 2010 14:13
Could be PBOC DEpreciates? Appreciation is more likely..
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 14, 2010 13:33
Yes China inflation is imo a much bigger threat then anticipated. Still around 700 to 800 million Chinese are very poor. The govt. risks social unrest and massive riots if prices rise and wages are low to extremely low. I think even without clear signals one should go short industry metals especially copper
and short AUD NZD and possibly CAD. If PBOC hikes expect indices to crash some 2 to 3 weeks later.
JPY long is not a bad idea,too. UST futures have not clearly reacted yet.
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Apr 14, 2010 13:06
Ashraf,will this chinese inflation news and probably interest rate hike to follow, result in pushing the USDJPY pair higher? thank you Ashraf.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 14, 2010 13:03
DATA LEAK : #CHINA Q1 GDP figures were just leaked showing +11.9%, inflation at 2.4%y/y. data supposed to be issued thursday

Ashraf
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Apr 14, 2010 8:01
US retail sales data out today should set the tone of direction for USDJPY.
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Apr 14, 2010 2:06
thanks Ashraf.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 13, 2010 18:53
Taniral, USDJPY weekly chart suggests trend line support stands at 92. Daily support slightly higher but weekly is safer.

Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 13, 2010 9:39
Since Jap is in deflation and BOJ works against deflation for some ten years JPY can be considered as safe. Should earnings disappoint and PBOC tighten you will see JPY strenghten esp. vs EUR since EURzone is highly inflationary.
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Apr 13, 2010 9:36
thanks Callum. Yes Dodger, that was a good relief to see the spike. Also viewed on CNBC few minutes ago of the Jap govt. seeking to increase QE further.
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