Why JPY is getting higher but when the Japan economy is getting worse? Only because USD is getting weaker?
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JPM is percieved, by some to be like WFC, 10 year uptrend, on price. Contrast that with BAC, C,CS,KEY,DB,......Laugh out Loud ,which are in 10 year downtrends[bear trends]. The wise bears may have noticed that-NOT a prediction. Actually Citigroup, is even worse than it looks ; its a penny stock reversed split 10 times . If C had closed @ $44.44 today it would really be $4.44, not that it would close above $4.44[$44.44] today.LOL Wisdom is profitable to direct; NOt a prediction.........................................................
Never worry about the why---only worry about the what.Why JPY is getting higher but when the Japan economy is getting worse? Only because USD is getting weaker?
Trade with what we see and don't trade with what we think, if we want to making profit as we can possible trade wiuth follow trendNever worry about the why---only worry about the what.
I am amused by so many with Currencies saying why something is happening, I don't care. I have a signal to long or short, I just take it. So am short US Dollar and New Zealand, long Yen, BP, Euro, CD, and Swissy.
Citigroup just a disaster except for option players last six years.