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AS, IMO non-commercials will win this time. Japan hinted not long ago that it doesn't want speculators driving Yen higher, there is a slap on the wrist brewing.

Ok, but wasn't that similar in Euro when it was diving? We had both sides dramatically short & then China stepped in. Also looking at other USD crosses they look very OB on daily.

Is your conclusion based solely on that graph?

http://www.ft.com/cms/s/0/d5525428-d829-11df-a7b4-00144feabdc0.html

I was just about to mention, you beat me to it. Please mention whether you are talking about Yen futures or UJ spot ;)

C'mon DB!

If anyone cares to look at a quarterly chart they will see the following: 1998-----2002-----2007 3 lowered peaks, that has been a major macro pattern in Ninja signalling weakness of the pair for years to come. But all time low is all time low & it is quite simply not likely to expect...

Yen’s Large Gains in 80s Lesson for China to Learn, Yao Says October 14, 2010, 11:26 PM EDT Oct. 15 (Bloomberg) -- Large gains in the value of Japan’s yen in the 1980s caused exports to plunge, unemployement to rise and an economic slump and is a lesson to learn from, Yao Jian, spokesman...

Yen Gains May Be Coming to an End, Ex-MOF Utsumi Says Oct. 15 (Bloomberg) -- The yen’s gains against the dollar may be “coming to an end” as investors have already priced in another round of monetary easing by the Federal Reserve, a former top Japanese currency official said...

Because people of Rome want blood

"Japan will take resolute action if needed" Christ how many times will they be saying the same old thing? Say something sensible Mr Kan't

Dollar fall sparks warnings http://www.ft.com/cms/s/0/5505a7f0-d7c2-11df-b478-00144feabdc0.html?ftcamp=rss

They need to keep ball rolling to keep their jobs, whatever happens in 10 years from now is not their main concern. High end politics is beyond the grasp of most on this planet, because of all the secrets surrounding longer term goals.

Cheers, sort of nice, cleared about 8% on that one after losses. Need Ninja to bounce now, I can't see it smashing through all time low, but it's exactly convictions like this can serve as a gain & capital destroyer.

Munger on the world http://www.fool.co.uk/news/investing/2010/09/27/charlie-munger-on-buying-shares-now.aspx

Jim Rogers said buy Yen, apart from that it's King of toilet paper currencies because current account, etc

I am not too concerned yet, I did expect some sort of a flush. Mr Noda & Mr Kan must be watching now with great interest ;)

Tommymouse, Hope you managed Ok with that trade, just wanted to post a couple of pictures. I mentioned Weekly at the time, I am sure you will be able to decypher without my assistance. First is NDX weekly & followed by also Weekly TICK.

<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/P9WoKYWWduo?fs=1&amp;hl=en_GB"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

I don't believe it, don't know about GBPJPY, but Ninja gotta party hard of all time low ;) And to celebrate...Shoot over to chorus, clap your hands & sing along! <object width="480" height="385"><param name="movie"...