JPY

Yes Gunjack, I stick to my longs. Will be above 90 in a few months again. That's a long term play. I'll scale in more down the way to 79/80. I doubt the BOJ will allow it to go deeper. And yes, I think the BOJ will win this fight. A lot of negative stuff has been priced in the Dollar now...

no worries
we r used to it
its thursday

@qiman
it might right that commodities prices might be fueled by japan
i will had that commodities prices will be afector of yen carry trade when this pair will touch bottom.
when bottom will be reached at asharaf given level expect it to jump during 2011.
given target when reach 80 or right now is 100.

Commodities Price Surge May Be Fueled by Japan

Proposals to throw part of Japan's trillion-dollar cash pile into securing overseas natural resources raises the stakes in a global battle for strategic assets and the power that comes with them.

If the world's second-biggest hoarder of foreign currency reserves were to use chunks of that money to buy scarce global commodities, it could propel resource prices skyward, stoke world inflation and lead countries to put up more barriers to such capital.

(This was on CNBC today, but the forum software keeps rejecting the link I paste!)

Lol, you're right, Ashraf. Don't take it personally please. ;) I don't think we will necessarily see lower levels for now. The BOJ will kick in again and they will win the fight in the long run. I see the USD/JPY above 90 within the next months again.