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Nadeem Walayat writes: Delusional Deflationists Point to Treasury Bond Market to Illustrate Deflation Deflationists point to imminent deflation and a double dip recession by pointing to the treasury bond market yields plunging towards the credit crisis lows whilst at the same time...

Here is a great article by Nadeem, some would call it an 'eye opener'. http://www.marketoracle.co.uk/Article22199.html

I really rate this man's analysis, he is Nadeem Walayat. "Japanese Yen Ouch! – If there is a currency war taking place then Japan is definitely losing the war! The Japanese Yen comprises approx 14% of the USD Index, so roughly ranks along side the British Pound in terms of trend...

Weekly COTs in DX suggest that it is to resume its descent, it may climb to 80 long term pivotal area where it is likely to down trend to 70 or even lower. And whilst it is declining equities will be heading higher.

Dow to 12-12.5k for Xmas. Delusional Deflationists Ignore CPI

Updated COT for Yen. Self explanatory. <img src=http://www.snalaska.net/cot/current/charts/JY.png>

Let's ask AS ;)

I am long UJ with you & other retail muppets ;)

BBs on 8 hour well tight, up or down get your bets on ;)

<img src=http://www.snalaska.net/cot/current/charts/SP.png>

<img src=http://www.snalaska.net/cot/current/charts/JY.png>

That is an assumption that retail retail traders as an entity are averaging down. Secondly, in your COT non-commercials are piling into long positions at ratio of 3.65, isn't that excessive (Extreme positioning in the currency futures market has historically been accurate in identifying...

I believe it is from FXCM's trade book. I smell an attempt at a joint intervention in currency markets. Geithner Said He Won’t Let Dollar Fall, Mantega Says Oct. 21 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega yesterday that...

Only a guess, with G20 coming up & DX oversold on Daily makes a perfect case to squeeze sellers, also Yen is near all time high, BOJ could have intervened again. Still the reserve currency after all, can't let it slide into oblivion.

It is reasonable to assume that most retail stops in Ninja are just below high 79s, but at the same time price action is getting very extended to downside & nothing goes straight down ;) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2987931>

IHS continues to resolve, real bear is below 200 SMA NDX ;) http://www.dormantrading.com/TraderTools/Quotes.htm?page=chart&sym=NQZ10&domain=dtrading&volume=&grid=on&scale=LIN&is=y&cancelstudy=&density=H&type=BAR&a=W&studies=SMA%28200%29;&size=M

According to CNBC Rogers is not holding Yen long any more.

IMO it's not prudent to buy right here. Weekly chart. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2986871>

Here are 2 charts. Unfortunately, because it's a trial of software the EOD data is delayed by almost 4 weeks, so it is not up to date. Both are Monthly charts & at the bottom is the COTs indicator. I had a look at previous COTs numbers & also current week & it shouldn't look much different (as...

Ninja all time low is within 100+ pips on the other hand multi year support of 100 is like almost 2000 pips away. Which carries a better risk/reward? It is no big surprise to see high 79s re-tested but let's face it what percentage of non-commercials will be adding to shorts at or very near to...