dollar/yen

[Guest3722A]

Keep an eye on it as it appears to be coming back with a vengeance as i type this. If it breaks above the 85.56 range and especially if it closes up there, this may be a signal in reversal of the 6 month down trend... Hope it doesn't turn into a long wick!

If anything, it may prove to be a solid short entry!!


hmmmm....

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MJ DeMarco]

We really needed a dollar rally.

 

[Guest3722A]

It's been sideways against the Canadian Dollar since May... Euro/Dollar may be weakening... Aussie looks to be getting stronger against it.....

Would be nice to see some stability in here.

I just shorted it against the yen but am glad to say that currently it's a losing trade.

 

[MJ DeMarco]

AUD is at a near term high too ..

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[minamo]

I lived for a little time in japan, and i have really seen a backfall in economy there, Almost 15% was workless at the time.

However,Asians have a reputation of kicking a$$ when coming back in the economy,We have all seen it with china aswell. Japan has already reduced the numbers to 10%,So i think inflation will contineu to decrease aswell.

 

[Guest3722A]

News out-

Japan sold more than 20 billion yen in waves of selling in an effort to restore balanced global economic growth.

Japan did this alone without help from it's Group of Seven partners.

The sales are expected to continue in the days ahead, Japanese news agency Nikkei reported.