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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
e/j is in
5 wave impulsiv to 117 or more?
i did never concur with Ashraf on a strong euro and i keep saying eur is doomed ... we have seen 131 to usd and 114 to jpy and end of story
Yen Extends Strength after DPJ officials's remarkshttp://bit.ly/338li
Dollar Yen on his comments has dropped from 86.72/75 to 86.50/53 and the Euro Yen is now below 113.00 at 112.89/92.
Will JPY strengthen from here ?
Ashraf
Ashraf
I was looking now at jpy crosses and there are several very interesting situations.
1) AUD JPY D1 - testing 100sma + 50fibo (88,048-71,895)
2) NZDJPY D1 - testing 38,2fibo (97.78 - 44,184)
3) EURJPY D1 - testing 100 sma (now 170pips away from it, but it has no problem to reach it in 24hours)!!!
4) CADJPY D1 - testing 50sma
5) GBPJPY D1 - testing, or laying on 100sma where now the 50fibo (145.96 - 126.701) exactly is at the moment...But,it is still before US Session and if we will continue in this bull mood, it has no problem to breach it...
I recommend, to check those charts on their daily closes..
A wildly enthusiastic editorial published by Xinhua , Chinas official state newswire, lauded Dagongs report as a significant step toward breaking the monopoly of western rating agencies of which it said China has long been a victim.
Compared with the US conquest of the world by means of force, Moodys has controlled the world through its dominance in credit ratings, the editorial said...
China is not shy about reminding the U.S. who's got the biggest pockets. As the Financial Times quotes Mr. Guan:
China is the biggest creditor nation in the world and with the rise and national rejuvenation of China we should have our say in how the credit risks of states are judged.
Might Makes Right Economic Collapse
Indeed, Guan is even dissing America's military prowess:
Actually, the huge military expenditure of the US is not created by themselves but comes from borrowed money, which is not sustainable.
http://www.georgewashington2.blogspot.com/2010/07/china-calls-our-bluff-us-is-insolvent.html