Recent content by Kingmambo

Shorting at 118.50, hoping to deal around the 117.75 pendulum we seem to be swinging around the past couple weeks, 119.30 stop.

Just got out of my long position at 117.70...so annoying now Ive missed the maximum profit taxing opportunity at 118.15. Mixed messages about rates in both the US and Japan making this a very bumpy ride.

Reversing and going long at 117.15....looks like we will back to where we were last week in a couple of days.

Watch out for a dollar rally the first of the month. Im short at the moment, but will probably try and take profit and reverse in the next couple days.

Arent you worried that housing numbers and the dimished chances of a rate cut in the US could literally "carry" the yen over 120 again? It sold off rather quickly because people thought the carry trades were being thrown out of the picture, but now all of the ingredients are back in place to put...

Which indicators are these?

Actually I reckon the BOJ could make some very hawkish remarks after the meeting today and could drive it back up to mid 119 or beyond at least until the next Fed rate decision. Nikkei rallying strong yesterday and today kind of reflects this sentiment in the market.