Yen strength

lol

yeah that's unbelievable, you were supposed to make guaranteed profits shorting it ! It was free money, they repeated on CNBC! WHAT THE HELL HAPPENED ?
 
Unbelievable. This is looking and feeling just like the guaranteed Euro-USD trade where the Euro was supposed to go to parity to the USD.
Right.
And short copper was supposed to be "free money" as well.
Heck, it zooming up today on positive news from China.
 
Is anyone seriously looking to go long USD/JPY? I missed an entry point this AM at around 95.85ish just for a scalp though. Be interesting to see if it churns now in the mid 96's or if it just takes another leg down on new lows. At some point soon there will be a strong reversal and an opportunity to make some coin.
 
yes i got it delta, although I had eurjpy also and took profits, I think that may be a better one not sure depends on USD.
 
Guys - what could cause the USD to weaken ? I'm thinking that inflation would do that. What else besides a war ? The upcoming fiscal crisis in DC ?
 
Quote from syswizard:

Guys - what could cause the USD to weaken ? I'm thinking that inflation would do that. What else besides a war ? The upcoming fiscal crisis in DC ?
More...

before
US has lots of stimulus -> chinese must have lots of stimulus

now
chinese have lots of stimulus -> us must have lots of stimulus.

get ready for next dose of increase of china global influence.


it does feel like chess game.
 
Quote from toolazy:

get ready for next dose of increase of china global influence.

it does feel like chess game.
More...
It sure is. Expectations are for a strong China now.
Look at cooper zooming up again.

BUT, and this is a huge BUT:
How long can this last before hyperinflation steps in to ruin the party ?
 
Quote from syswizard:

Can anyone help me out and explain why the Yen is zooming relative to the USD ?
Is this just a temporary move ?
More...



Phone: ring ring ring

emg: buenos días Mr. Abe?

Mr. Abe: Hai

emg: This is emg

Mr. Abe: konichiwa Mr. emg

emg: a small trader "syswizard" would like to know why yen is rising against the dollar

Mr. Abe: I stopped printing yen. I no print yen no more. harakiri enough.

emg: domo arigato Mr. Abe. Sayonara





More than 90% of small traders lose! They just lose!
 
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