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

JPY

Discuss JPY
 
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taniral
Auckland, New Zealand
Posts: 33
14 years ago
Mar 3, 2010 0:29
Ashraf, please could we have your opinion if the Yen will strengthen further against the USD or will a reversal occur. Feeling a bit dejected as i felt being long USDJPY at the 89.5 and 90 level was a good decision when i entered the trade.
hrtrader
Fortaleza, Brazil
Posts: 8
14 years ago
Mar 2, 2010 20:51
you answered my question perfectly in the IMT, thanks...
hrtrader
Brazil
Posted Anonymously
14 years ago
Mar 2, 2010 20:39
Ashraf, do you see JPY strength continuing? Seems to me equities are due for pullback, and might also choke on the employment numbers. Feeling slightly adrift today, looking forward to some guidance. Cheers.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 2, 2010 20:11
Eelman, Yes that was my point about JPY leading possible downturn in stocks


Ashraf
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 2, 2010 20:11
JPY strength a "risk-off" message? HUH?
Eelman
Maine, United States
Posts: 93
14 years ago
Mar 2, 2010 19:54
Appears as though jpy strength was sending a "risk off" message and the other instruments are now catching up.
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Mar 2, 2010 19:44
Thanks Ashraf, but i think your call on support level was more accurate as it tested 88.56 last night. I am also puzzled about the reason behing this yen strength.
hotcha3
Andorra
Posted Anonymously
14 years ago
Mar 2, 2010 13:12
Hi
Can someone explain me why we are seing equities rise and Yen relatively strong ?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 2, 2010 10:55
taniral, INDEED. 89.00 is decent support for 30-40 pip gains

Ashraf
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Mar 2, 2010 4:55
i think 89.00 is now providing a more reliable support and hopefully a change in trend is occuring in favour of the USD.
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