Rogers - Buying Yen and Swissy

D

downrivertrader

Any of you guys see the rather spirited interview with Mr. Bow Tie Rogers recently. Among the Bernake bashing, he was ranting on about buying Yen and Swiss Franc.

Anybody agree with this or have other comments. I am looking ahead to next year and was interested in this groups feelings on these statements.
 
He has always said he is a fundamental investor and a terrible trader. Help me understand why we would by buying Yen against the dollar based on fundamentals. Is it the feeling that interest rates in Japan have nowhere to go but up. Is it China, is it oil or all of the above?

Quote from Spectre2007:

one of the systems I follow has yen and swissie buy signals in place.. curious to see what he uses for decision making.
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Quote from downrivertrader:

He has always said he is a fundamental investor and a terrible trader. Help me understand why we would by buying Yen against the dollar based on fundamentals. Is it the feeling that interest rates in Japan have nowhere to go but up. Is it China, is it oil or all of the above?
More...

there is a relationship between world equities which are linked to the nikkei, since Japan is a exporting nation, usdjpy suffers when exporters suffer.
 
Quote from downrivertrader:
Help me understand why we would by buying Yen against the dollar based on fundamentals. Is it the feeling that interest rates in Japan have nowhere to go but up. Is it China, is it oil or all of the above?
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To quote Rogers: "Half the world is short Yen in order to finance their leveraged madness. Once their house of cards falls apart they will have to cover their short Yen positions. It could be next month or next year, but someday soon the JPY will rocket up on forced buying and I will make a lot of money on that day".
 
Quote from makloda:

To quote Rogers: "Half the world is short Yen in order to finance their leveraged madness. Once their house of cards falls apart they will have to cover their short Yen positions. It could be next month or next year, but someday soon the JPY will rocket up on forced buying and I will make a lot of money on that day".
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Very good point
 
Quote from downrivertrader:

A longer term trade Atticus? Correct?
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7-10 day holiday trade into potential index strength and possible flight into risky assets.
 
I certainly understand this point and do not disagree, but to open a position based on this one reason...well I don't know. I think that is risky business in itself.


Quote from makloda:

To quote Rogers: "Half the world is short Yen in order to finance their leveraged madness. Once their house of cards falls apart they will have to cover their short Yen positions. It could be next month or next year, but someday soon the JPY will rocket up on forced buying and I will make a lot of money on that day".
More...
 
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