Jim Rogers concerned about long yen

[turkeyneck]

SAN FRANCISCO (MarketWatch) — Investor Jim Rogers said Thursday that he's concerned about his long position in the Japanese yen after a recent surge in the currency.

http://www.marketwatch.com/story/investor-jim-rogers-fretting-about-yen-2011-03-17

 

[Martinghoul]

Looks like his concerns are being addressed right now.

 

[salvador90]

Well he should sit tight... we're going higher with all the money going back to Japan in the form of JPY in order to reconstruct a lot of stuff...

Mid 60's is my targer or even lower

 

[Martinghoul]

Quote from salvador90:
Well he should sit tight... we're going higher with all the money going back to Japan in the form of JPY in order to reconstruct a lot of stuff...

Mid 60's is my targer or even lower

Well, best of luck with that...

 

[salvador90]

Even though that's my opinion and what I think doesn't mean I'll trade acording to that belief.

If the market sshows strength and the trend changes certainly i will be start going long again...

 

[Dogfish]

Well BOJ just submitted order at 81.25, you should be able to hit something there if you fancy your chances, I reckon they're good for it...

 

[Martinghoul]

They iz not alone, either... Looks like there's a few other buyers arnd.

 

[Debaser82]

Jim is the best.

He has been telling people to buy the Yen and CHF since mid 2008!

 

[marketsurfer]

The guy just talks his book, I would pay him no mind.

 

[ralph00]

Quote from Martinghoul:

Well, best of luck with that...

And your position is ...