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

JPY

Discuss JPY
 
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 20, 2010 10:25
Think I spoke to quickly on USDJPY...the speed of the move down hints at further test of 80.8 and lower
Farzan
Oakville, Canada
Posts: 10
12 years ago
Oct 19, 2010 18:44
Ashraf,

Could you let me know if you think USD/JPY has bottomed out or not.
Gunjack
UK
Posted Anonymously
12 years ago
Oct 19, 2010 14:10
Thank you china...Long USDJPY now well ITM...
Gunjack
UK
Posted Anonymously
12 years ago
Oct 19, 2010 11:08
How NKY has managed to stay above 9500, considering yen strength is strange
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 19, 2010 10:55
USD slowly strengthening.....
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Oct 18, 2010 11:10
Yeah, I tend to avoid that pair for that kinda reason, also I don't like intervention threats although that would be in your favour. Perhaps its why Ashraf calling gbpjpy
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 18, 2010 11:05
Only thing troubling is how USD refuses to rally against JPY on a day when it's doing well against everyone else and Oil and USDX and in its favour
Gunjack
London, UK
Posts: 1184
12 years ago
Oct 18, 2010 11:03
@Xaron - Have joined you in the long usdjpy camp...have opened a small long at 81.2 in a march 2011 forward...will ave down in case we hit all time lows in the coming few weeks. Am hoping the old adage of buying when all else are selling will hold true in next few months
partisan
London, UK
Posts: 43
12 years ago
Oct 16, 2010 19:30
Ashraf -

My query re your Oct 10 post prompted also by your post of Aug 18 thus:

'As long as markets expect the Fed to engage in a new round of asset purchases later this year, chances of operational (not verbal) FX intervention from Japan are minimal'

John
partisan
London, UK
Posts: 43
12 years ago
Oct 16, 2010 19:22
Ashraf - are you suggesting that the BOJ will then successfully depreciate the JPY, and for some considerable amount of time?

Many thanks,

John