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

JPY

Discuss JPY
 
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nishel
london, UK
Posts: 3
14 years ago
Mar 17, 2010 20:43
I rarely comment on the forum but would have to question your yen call to 91-92 over next week ashraf,
all i see is huge weekly trend line resistance dating back from june 07 high through aug 08 high through jan 10 high
this come in currently around 91 and change, comments would be appreciated
Muzz
Cairo, Egypt
Posts: 3
14 years ago
Mar 17, 2010 19:41
Japan is also a net seller of treasuries and this may be weighting on the pair it is also temporary and the pair will target highs approaching the end of the month
Muzz
Egypt
Posted Anonymously
14 years ago
Mar 17, 2010 18:33
QE in addition low yielding dollar language, expectation of more aggerssive policy regarding deflation is surely motivating more inflows in japanese stocks expecting a big rally. The usual relationship will come be restored when rallies slow ( very temporary buying oppertunity). Repatriation of profits is a weak explanation as companies are losing profits by buying strong yen.
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 17, 2010 14:22
I'm a bit confused with the latest IMT:

"USDJPY is still seen breaking 91 and onto 92 w/in next week while AUDJPY breaks 80.40."

That must be a typo because an USD/JPY around 92 would be an AUD/JPY above 85 IMHO.
Qiman
United States
Posts: 237
14 years ago
Mar 17, 2010 14:18
NY Times article on Japanese Monetary Easing:
http://www.nytimes.com/2010/03/18/business/global/18yen.html?hp
Dodger
London, UK
Posts: 139
14 years ago
Mar 17, 2010 8:54
So bearish on stocks and bearish on yen?Normally bearish stocks short usd/jpy and the yen crosses,so if bearish on yen also its a bit of a game changer,where will the equity bears go??
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 17, 2010 6:48
Juke, still bearish on stocks but also bearish on yen as we have seen. USDJPY was at 90.30s 7 hours ago now it is at 90.70. what i told Rob below still stands.


Ashraf
Juke
California, United States
Posts: 21
14 years ago
Mar 17, 2010 4:25
Like I said, there are two voting members against BOJ quantitative easing (3mth 20 Bil JPY). I bet this is quite a surprise considering that the easing would be a lock to many and also some political pressing from MoF Kan. Although the opposition by Horning tothat famous "extented ... exceptionally" wordings a few time ago in FOMC had quite a big impact, this BOJ one would be an eye-popping. Ashraf, what is your view on JPY? Are you still bealish with repatriation & China rate hike is still in the card?
Juke
California, United States
Posts: 21
14 years ago
Mar 17, 2010 4:05
sorry - mistake. BOJ did but 2 members opposed to that.
Juke
California, United States
Posts: 21
14 years ago
Mar 17, 2010 4:01
just in - no further monetary expansion according to BOJ minutes.
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