Yen

This is a discussion on Yen within the General Trading Chat forums, part of the Reception category; Originally Posted by wackypete2 Can you elaborate? Why would you go long over the long term? The yen has been ...

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Old Mar 17, 2011, 10:39am   #46
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Re: Yen

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Originally Posted by wackypete2 View Post
Can you elaborate? Why would you go long over the long term? The yen has been appreciating vs the $ for 4 years. Just looking for your thoughts.

Thanks,

Peter

Crowd behaviour. Extreme negative sentiment against the USD, and extreme bullish sentiment for the JPY.
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Old Mar 17, 2011, 12:58pm   #47
 
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Re: Yen

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Originally Posted by JRP2891 View Post
Long Usd/Jpy
USD strengthened maybe 3/4 months after Kobe back in '95, but it took that time. I'm guessing economic output was affected and that showed on quarterly reports...but that really is a guess.
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Old Mar 17, 2011, 1:39pm   #48
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Re: Yen

fyi

http://ftalphaville.ft.com/blog/2011...-japanese-yen/
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Old Mar 18, 2011, 1:04am   #49
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Re: Yen

Ut oh .

Were off again
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Old Mar 18, 2011, 1:09am   #50
 
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Re: Yen

G7 agrees on joint intervention: Jap FinMin Noda.
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Old Mar 18, 2011, 2:18am   #51
 
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Re: Yen

It's been a solid week of Facedesk.

All aboard for the Forex lollercoaster!

Click the image to open in full size.
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Old Mar 18, 2011, 2:35am   #52
 
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Re: Yen

Wow this thing is volatile, perfect time for shorting imo

I'll be happy if it slams back down to 76!
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Old Mar 18, 2011, 2:37am   #53
 
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Re: Yen

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Originally Posted by Doomberg View Post
Wow this thing is volatile, perfect time for shorting imo

I'll be happy if it slams back down to 76!
Not with other central banks apparently intervening when doors open.
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Old Mar 18, 2011, 11:38am   #54
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Re: Yen

Luckily I have been long the Future's in the Yen for a few weeks now. Almost like the market expected a large move lol
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Old Mar 18, 2011, 4:07pm   #55
 
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Re: Yen

So if the current move cost about $5bln dollars, they've already lost about $2bln ish of gains. Nice.
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