Discussion in 'Forex Trading' started by paradox, Nov 11, 2007.
Will USD.JPY touch 100 by Jan 1, 2008?
who knows, but historically in the last few years, going long JPY has been a recipe for a pummeling
as soon as it gets strong the carry traders and hedge funds pile in short again
Who knows if the BOJ will jump in like they did a couple of years ago.
Besides that i think this pair should be traded very careful. Everything is set to a huge acceleration if the "hedge funds guys" panic and start to unwiding the carry trades exponentially, so, who knows, we can have 300 pips days like we had in august...
It will touch 124.00 with a little help from Japanese housewives and retirees
the talk now is boj cutting rates. could be interesting if this happens
wow ... thats some yen rally ...
those japanese wives
must be involved somehow
JPY in perspective:
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