Dollar gains Bigtime against Yen

Discussion in 'Trading' started by circadian, Oct 28, 2008.

  1. Well, the dollar had one of its best days against the Yen in a very long time. After coiling for the couple of previous sessions, it sprung higher, and seemed to be the tide that lifted all of the boats. I really don't think it would be appropriate to contribute this rally, wholly, to the impending rate cut. See the chart as it tells the story.
  2. It is not only dollar but I think swiss frank and Australian dollar and new zealand dollar. Yen is my favorite counter currency
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  3. Couldn't agree with you more. The Bataan death march has taken a break, for gatorade and power bars.
  4. Just heard from Sri on CNBC that the $ gain on yen today was biggest since 1974. That's pretty impressive.