Will USD.JPY touch 100 by Jan 1, 2008?

Will USD.JPY touch 100 by Jan 1, 2008

  • Yes

    Votes: 6 35.3%
  • No

    Votes: 11 64.7%

  • Total voters
    17
who knows, but historically in the last few years, going long JPY has been a recipe for a pummeling

as soon as it gets strong the carry traders and hedge funds pile in short again
 
Who knows if the BOJ will jump in like they did a couple of years ago.

Besides that i think this pair should be traded very careful. Everything is set to a huge acceleration if the "hedge funds guys" panic and start to unwiding the carry trades exponentially, so, who knows, we can have 300 pips days like we had in august...
 
JPY in perspective:

jpyxq3.jpg
 
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