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

JPY

Discuss JPY
 
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PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 20:46
Tomorrow is huge day for USDCAD. Got pounded today on Cad GDP. That is why I closed my long at 1.0544 1-1/2 hours prior to the release. I have been buying back down here in the 1.0420's. But the short-term outlook will depend on what the BOC says tomorrow.

BTW, Oil is down today, usually a positive for USDCAD. If the right thing is said tomorrow by BOC, we could light a match to USDCAD and watch it explode to 1.0700.
juno1
UK
Posts: 52
14 years ago
Mar 1, 2010 20:18
Pipped Off, I should have posted on usd thread.Sorry. Question still stands though.
juno1
UK
Posts: 52
14 years ago
Mar 1, 2010 20:16
Hi PippedOff, How do you see usd/cad? I totally agree with you on an equity sell off on the cards.
Currently long.

Juno1
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 20:11
what has also prevented the breakout is another round of risk aversion is just around the corner in the form of a massive equity selloff. The PPT has been intervening on a daily basis to sopport their beloved U.S. equities, trying to convince Mr. and Mrs. Jones that everything is ok and economic recovery from a doble recession is being spearheaded by a 10 plus% unemployment number (which everyone knows understating the true unemployment rate).

Smartest folk are in FX. They know equity selloff is coming, and are therefore buying bidding the worthless JPY higher against allcurrencies (including USD). Once this selloff occurs, USDJPY will be a SCREAMING buy!

Smart FX players shorting USDJPY in preparation of equity selloff, while PPT dupes public into buying equities under false confidence.
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Mar 1, 2010 19:40
USDJPY is begining to range. its just not getting past the 89.50 mark, coming close on 3 occassions since mid last week. Perhaps the not so good data from the US last night has prevented the breakout.
said
mulhouse, France
Posts: 2822
14 years ago
Mar 1, 2010 17:30
GOOD TIMING ON JPY

AHVE A LOOK ON EASTERN EUROPE CURENCY
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 17:17
need a break in equity markets (is it possible with the PPT's constant intervention) to knock USDJPY into the mid 88s.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 16:53
The USDJPY pair is NOT falling for the U.S. PPT shennanigans of goosing spoos and gold to prop risk assets. This bodes OMINOUS for risk trades and equity markets.

Careful Mr. and Mrs. Jones, don't be duped by th PPT.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 12:39
I am with you on ther USDJPY trade Xaron. I am hoping for one more "beat-down" resulting from fear-driven selling of this pair resulting from a sell-off in U.S. equities. I have a small long position here, and would like top add to it for the long term.
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 1, 2010 12:32
Might be, yes.
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