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TY! Re analysis I was referring to this http://www.dailyfx.com/forex/fundamental/article/special_report/2010-05-13-1116-US_Dollar__Trading_America_s_Record.htmlhttp:/www.dailyfx.com/forex/fundamental/article/special_report/2010-05-13-1116-US_Dollar__Trading_America_s_Record.html

I am mobile now so can't post a chart maybe somebody will do it for me, on monthly chart connect the Hi of Aug 08 with Apr 09 price broke out of falling wedge, then failed & now sitting on top of broken wedge's upper TL. Flush is becoming more likely technically speaking to all time Lo of high...

We might get a flush now in Ninja

Btw DailyFX does keep on recommeding buying UC, selling AU both near major levels, so it is not surprise that graph looks that way. ;)

@ Jason, Thanks for graphs, interesting. Yet your company's analysis are bearish on Yen, FT suggests that Yen is undervalued. IMO it ain't a drastically bad idea to go against the trend in DollarYen as technical reasons are pretty sound for a bounce making risk to reward very favourable IMO...

I wonder if Japan does peg the Yen what will that mean for our positions in Jpy crosses? Will brokers be allowed to cancel trades?

DBs' problem rests in his expectations of deflationary environment to set in around the globe. Perhaps he will be correct one day, after all austerity measures are likely to cap growth after all, but right now governments seem to be trying to inflate their way out of debt. And that's being...

Analysis: Investors bet on initial success for Japan on yen "It's incredible how unfazed investors are about the downside on dollar/yen," said Simon Smollett, options analysts at Credit Agricole. "It tells us Japanese corporates are not worried (about the possibility of dollar/yen...

<img src=http://media.apnonline.com.au/img/news/2009/03/04/CatPooCoffee_500x500_t325.jpg> Cat Poo Coffee: Jason Joffe and Kate Clarke from Pioneer Coffee at Yandina, sample some Kopi Luwak, the world’s rarest and most expensive coffee, which is sourced from the poo of a native Sumatran cat...

I agree, Japan will not be able to survive being reliant heavily on exporting. It's not so much about what one sees in a monthly chart technically, but what Japan has to do to survive. Do they willingly desire default? Of course not, so they will do anything to get away from high Yen ;)

The old technique is back right on time, trash DX help sustain breakout.

* Euro (EUR), 57.6% weight * Pound sterling (GBP), 11.9% weight * Canadian dollar (CAD), 9.1% weight * Swedish krona (SEK), 4.2% weight and * Swiss franc (CHF) 3.6% weight. * Japanese Yen (JPY) 13.6% weight. As you can see Yen being only 13% of basket total will only...

Partly because Chinese are selling USD relentlessly & buying Yen to weaken Japanese export industry.

Thank you BOJ, now banks are picking up on a possible reversal on technical grounds.

Wyckoff against 83.15

Low 91 is a solid magnet on monthly chart, I have little doubt that Ninja will head there. Second target is 50% retracement which coincides with divergence measured retracement around 102. If Japan is "toast" quoting Kyle Bass, then perhaps this massive monthly divergence is a sign of a huge...

Come on Mr Kan, let's have a HL. Otherwise I will have to refer to you as Mr Kan't from now on.

For sure, but is it a sign of a pullback or a reversal? Weekly suggests it ought to be a pullback, unless markets faked the breakout. Another point one has to consider is that if FED add another $1t of liquidity it will be "good" for most things - equities & commodities.

Weekly TICK looks fine at the moment, unlike pre-flash crash.