You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Rorschach Test for all you Budding Economists
- Thread starter circadian
- Start date
Quote from circadian:
It's a chart of the USD/JPY.
Do you see:
A) The greatest USD/JPY buying opportunity of a lifetime?
OR
B) The true value of our great fiat greenback?
When we've seen 30% moves in major currencies and the usdjpy is only recently off about 10-15%, i don't see anything worthy of getting excited about yet...
that said, usdjpy can be 80 just as easily as it can be 110. I think its more compelling lower.
Quote from scriabinop23:
When we've seen 30% moves in major currencies and the usdjpy is only recently off about 10-15%, i don't see anything worthy of getting excited about yet...
that said, usdjpy can be 80 just as easily as it can be 110. I think its more compelling lower.
wait one, chart to follow...........
Quote from Ivanovich:
I think the AUD/JPY is looking like an awesome buy. Anyone?
It was the very first JPY cross to get blasted into oblivion. I also checked the data going back to 1990 (no Aussie data before that - what is pre-float??) and it's all time low was somewhere around 58.
I like audjpy too.. great value. price target: 80.
[that would be nice.... when will this damned deleveraging end!!!]
Quote from scriabinop23:
I like audjpy too.. great value. price target: 80.
[that would be nice.... when will this damned deleveraging end!!!]
Well, that is the question. I can't believe this can go on for much longer. But then again, there's that whole "market can remain irrational far longer than investors can remain solvent" thingy.
I just don't know about all of that. These mulit-decade technicals just keep playing with my emotions. I took TOS back as far as it would let me on the AUD/JPY, and it looks like it's either going to be a big, mean H&S, or a triple bottom that actually holds. Take a gander..........
Attachments
Quote from Ivanovich:
The head and shoulders would imply a move much, much lower. So where does it go? Does anyone here honestly believe AUD/JPY can go to something like 30? 20??
Its a developed country currency for heavens' sakes... !! Anyone have some Aussie GDP / debt/surplus /etc figures ?