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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
i will stick on 116, and it did pull back at 112.
Still see possibility of short squeeze
AUDJPY CADJPY short active
wait for entry EURJPY
I think the UJ should be about ready to correct back to c.81.45, possibly 80.70 before next swing up. Current HOD today at 83.95
100%
50%
30%
?
Possibly trading weak against weak is not very profitable so my choices were to short JPY vs AUD CAD NZD and EUR, not vs USD.
However when everyone is short JPY .... i closed the positions . Get in after Japan elections.
http://www.cityindex.co.uk/ market-analysis/ market-news/ 3480742012/ yen-shorts-yield-lows-five-year-cycles/
Ashraf