usd/jpy Fed Rate Cuts

nealvan · Jan 19, 2008

Bernanke says he sees a slowdown not a recession. I think he's full of shit.

nealvan · Jan 20, 2008

Ok what I'm going to do is short the gbp/aud... Any thoughts??
I think the jpy is a little weak of late so I'm going to go with a different cross..

DrEvil · Jan 20, 2008

Quote from nealvan:

Ok what I'm going to do is short the gbp/aud... Any thoughts??
I think the jpy is a little weak of late so I'm going to go with a different cross..

Looking at usd/jpy on a monthly chart, the most likely outcome is the 102 area within weeks or months. I prefer the gbp/jpy as a short and expect it will be down at 202 or below within the same timeframe. GBP will likely fall against most currencies including aud. I'm taking a long term view though, I'm expecting a bumpy ride.

nealvan · Jan 20, 2008

Quote from DrEvil:

Looking at usd/jpy on a monthly chart, the most likely outcome is the 102 area within weeks or months. I prefer the gbp/jpy as a short and expect it will be down at 202 or below within the same timeframe. GBP will likely fall against most currencies including aud. I'm taking a long term view though, I'm expecting a bumpy ride.

It will be volatile with economic data being adjusted and weighed. 102 is a fair call in line with a down trending trend channel.

nealvan · Jan 21, 2008

Anyone buying this stimulus package?.... This won't do anything to help the job market so a verified recession is just a matter of when. With the credit crisis it's going to get ugly for the dollar.

Shagi · Jan 21, 2008

Not a surprise here - all jpy rates hammered, its been coming clear and loud

dr. fill · Jan 21, 2008

U.S $ very strong today. Room for a rate cut.

Rate cuts don't necessarily result in depreciation of currency anyway.

Soon we'll see a race to the bottom - everybody trying to devalue to gain a trade advantage.

nealvan · Jan 21, 2008

Quote from dr. fill:

Soon we'll see a race to the bottom - everybody trying to devalue to gain a trade advantage.

That's something to think about..

nealvan · Jan 21, 2008

Quote from Shagi:

Not a surprise here - all jpy rates hammered, its been coming clear and loud

I don't fallow the Chinese currency but I've heard they are appreciating the Yuan so the Yen should follow it's path. I think it was Jim Rogers that said the Yen will go up in a matter of time and the way he said it was like it will really appreciate.

nealvan · Jan 21, 2008

November 04, 2007

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