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Yen Draws Safe Haven Share
Yen strength is here to stay especially as the US dollar's safe-haven lustre is eroded by the worsening US data.
it's going up not down Currently 87.26. Stress test should be OK and Markets
will run for a bit or at least relax.. Yen could go higher into low 90.
In case Equity Markets crash we could see 84 probably.
But this Crash/double deep talk was around for like 6 month already
mainly from the guys who missed the train :)
Ashraf
On the USD/JPY currency pair, I put the 55, 100 and the 200 moving averages and saw the the 55 day SMA had crossed both the 100 and 200 SMA which means that this is a dead(golden) cross and wanted to know your opinion on this.
Thanks,
Farzan
P.S. I remember asking you about the dead cross when you were in Toronto at Novatel Hotel.
http://www.ashraflaidi.com/forex-blogs/6645/
Ashraf