Usd/jpy

The massive sell off in Gold was paramount to the gaining yen.

The more extreme the market goes with one direction, the more severe the correction when it finally comes.
 
I can imagine how many novice traders have been dissapointed about being out of that move and to what consequences it might have led to...:(
 
The move was well foretold with mounting southward divergence and failing upward progress, though I am now long due to upward divergence and a massive drop.
 
Just an observation -- no wampum behind it, not yet: tonight's hot from the gate start of the Nikkei 225, a carrying through of a fantastically feastful second half 2005, may be illusory. I mention that in this thread because YEN strength gains synergy if, and to the extent, foreign buyers of Japanese equities take profits. They unwind YEN hedges in the process -- a factor pointed out to me by another poster. And if YEN strength accelerates, Nikkei exporter component loses luster, fueling more profit taking in equities. It's a chicken or egg view, I know, but from it, I'll be looking either or both to short the Nikkei 225 (on CME only) and to buy YEN (Globex).

It's a matter of watching and waiting. I note as an aside that I've been bullish on the Nikkei since late June 2005 (with posts in real time to show it), so I don't raise this possibility lightly.

This thread still may have legs, which is why I put this comment up for consideration.
 
Hi chood,

You trade the nkd on globex? I am checking the trading hours and I see 15h30-16h60 from Monday to Thursday and 02h00-15h15 for Friday. Trading hours for nkd seem to be very limited. Is this correct?

Thanks
 
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