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

JPY

Discuss JPY
 
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Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 8, 2010 0:12
Guys, it's all about JPY weakness Please read IMT. This will take over as key trade on Monday (USD weakness comes next) http://www.ashraflaidi.com/forex-new

GBPJPY to test 138.40s. and yes. GBPJPY downside remaisn intact.

Ashraf
FXHandler
Norway
Posts: 195
14 years ago
Mar 8, 2010 0:11
See what is happening with the JPY against the NOK?
Ashraf, you never got this cross correct. Sorry to say so. Good I thrusted myself and shorted it from 14,87 since last Wednesday. Now I will wait for it to touch 16,70, maybe see 16,9? ...before it jump upto 15,4? Then too 18,2 within this year.
Any other suggestions? Said?
said
mulhouse, France
Posts: 2822
14 years ago
Mar 7, 2010 22:29
85.50 is the third wave of the last downward wave the fifth one.

spec i told u that at my opinion nikkei is capped and even ur a LT investor one still can take advantage of a better entry level to average its price.
but ur the boss.
GaryD
United States
Posted Anonymously
14 years ago
Mar 7, 2010 22:09
FYI on the COT data, Friday data is a summary of positions registered through Tuesday of prior week.
speculator
Posted Anonymously
14 years ago
Mar 7, 2010 22:09
97 yen is achievable but i must say that i dont follow yen but any forecast below 87 i laugh at. im definitely long Nikkei its a FAR better bet than gold over the longer term. At least you get quality income stream at BARGAIN prices. One of few potential bulls awaiting to happen is Japanese stocks.
said
mulhouse, France
Posts: 2822
14 years ago
Mar 7, 2010 21:46
@SPEC

97.50 DURING Q2
said
mulhouse, France
Posts: 2822
14 years ago
Mar 7, 2010 21:10
@SPECULATOR

I PROJECT YEN AT 97.50
WHATS UR TAKE ON THAT?

I WROTE U THAT U R GONNA BREAK THE 10435 WELL WE R ABOVE IT LETS SEE THE OPEN IN TOKYO TODAY NAD THE TENURE FOR THE WEEK.
UR LEVEL FOR NIKKEI225?

THANKS
ptaczek
Czech Republic
Posted Anonymously
14 years ago
Mar 7, 2010 16:30
Hello Ashraf, hope you had a refreshing weekend.

Looking at the VIX drop in february and the recent drop of Yen, appreciation of higher yielding currencies and firming stocks and commodities underpin by the last friday's after-NFP-party, do you think it could signal a carry trade buildup?

CFTC's COT shows a stunning increase of the net LONG Yen positions from 1,717 in the prior week to a whopping 32,552, which is a little confusing to me given the friday's JPY moooove. (Unless there is no carry buildup and the Yen is going up again in the short term.)
Also China's voice suggests a gradual appreciation of the Yuan which could imply slower growth and therefore less demand for commodities.

.pta.
hrtrader
Fortaleza, Brazil
Posts: 8
14 years ago
Mar 7, 2010 14:45
Ashraf-
Looking technically at GBPJPY, the break below 139.00 was significant, since that level provided support going back to March 09. We also have a declining upper trendline that started in January. On a purely TA basis, I am tempted to start scaling in short soon, but also sense from your comments that we are likely to see further Yen weakness. Can you provide any comments on the pair?

Many thanks, and by the way I am learning a lot every day on this site.
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 7, 2010 1:29
Mr. Laidi, I too am intrigued by your JPY outlook. Did you mean 91.30? Also, IMHO this pair did not close below its previous lows, which some might say is a bullish sign for USDJPY gains next week. Would you care to elaborate on your bullishness and some reason one might use to understand them.

Thanks so much, Peggy.
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