USDJPY : my 2 cents opinion of what BOJ doing
So far when I read in the MSM, I can say everyone is criticizing what the BOJ and Ueda did on Friday. JPY is free falling with grave consequences.
But when I look at the chart, I think what I can see is more like rates going back to normal - in a historical context. I think by next week, the Yen would have finally broken FREE from the lost decades. And I guess they would not be so dumb as to go through another round of Plaza Accord type of arrangements.
Good luck - lets help the Japanese by BUYING.
P/S : As always, do not just believe what I say. Use your common sense.
But when I look at the chart, I think what I can see is more like rates going back to normal - in a historical context. I think by next week, the Yen would have finally broken FREE from the lost decades. And I guess they would not be so dumb as to go through another round of Plaza Accord type of arrangements.
Good luck - lets help the Japanese by BUYING.
P/S : As always, do not just believe what I say. Use your common sense.
Kommentar:
Order storniert:
The time has come to STOP BUYING.
And be ready for the next phase.
Good luck.
And be ready for the next phase.
Good luck.
We know that:
a) 160.16 is an important level - going above means deflationary bust for US.
b) BOJ and Ueda is fine with the Yen exchange rate. He said so.
c) there is likely discord between BOJ and MOF
d) US need to weaken the $ - to save the yield.
e) how nice to get the Japs and using their money to help them.
f) it may not be to stem the fall in Yen, rather to stop the rise of the $.
g) just a moment ago, EURUSD looks bullish.
h) Market is not thinking the same as Fed + US Treasury - which makes things a bit hard for me - who do I follow?
Good luck.