http://finance.yahoo.com/q/bc?s=USDJPY=X&t=5y&l=on&z=m&q=l&c= the yen is heading to 125 per dollar. This will put a negative draft, on EUR and GBP pairs. The dollar index will head higher.
long from 1.9780 from last week...looking to get out at 2.0000 but if the momentum picks up i might be willing to hang on until 2.0095. on an unrelated note, watching EURAUD for a possible short as long as price doesn't break through resistance roughly in the 1.6230 area. my guess is, if this sets up it won't be today because of the general USD weakness and EUR strength today. we'll see.
I'll Keep longing it on dips Targeting 2.02 or near but now longed for 1.9982 in eurpean session from 1.9940 gl
gbp/jpy seems to have a bottom here for it' final stop at 247 (Maybe)... could be from 241.4 today any thoughts? TIA