ETF vehicles are FXY and YCS
FXY target is 125.1 area
Showing posts with label usd/jpy. Show all posts
Showing posts with label usd/jpy. Show all posts
Tuesday, April 17, 2012
Tuesday, February 21, 2012
Usd/Jpy - Trade Of The Decade
It's at historic lows on 20 year chart. Once it starts going up. Japan will benefit a lot. It may hurt exporters here as it is hurting Japan's exporters right now who are warning Japanese govt that they will outsource their manufacturing business because JPY is so high in Dollar terms. Some Japanese exporters have already started opening manufacturing shops outside of Japan.
When usd/jpy will be less than 70. I expect Japan to come up with very big yen intervention. Usd/Jpy will sky rocket to atleast 2000 pips from there.
I am currently short Usd/Jpy and will take profits around 77.8 and will short more if it goes above 80.6 area.
This is not an investment advice. This is just my global market view and I will trade FXY or YCS or Usd/Jpy
Friday, November 11, 2011
Usd/Jpy projection
Once it hits 72 area, I expect a strong bounce.
target price will be 84.5, that's 1250 pips
Wednesday, March 16, 2011
Margin Alert, Lessons Learned
Alright, I have to be truthful and honest to myself and others.
My biggest 2 Mistakes
1. Averaging in: I should not have averaged in my NZD longs.
2. Too much exposure to NZD: I was exposed to NZD longs against EUR, GBP and CAD.
So far, through Libya, Egypt, Bahrain, New-Zealand earthquake problems, Trichet and King lying about raising EUR and GBP rates, I was able to handle my account well but after Japan's nuclear worries and usd/jpy's crash today after US market close, NZD tanked big time and I was issued a Margin Alert on my currency account. I waited for BOJ's intervention for usd/jpy to recover and took a very big loss by closing most of my trades. I have wiped out my YTD profit and ready to start all over again.
I still have following trades but now only have 1 unit each and my targets are
NZD/CAD to test .76
GBP/NZD to test 1.995
EUR/NZD to test 1.675
When above targets will hit, I will regain my YTD profit back.
Thursday, July 22, 2010
Sunday, December 20, 2009
Another leg coming down for usd/jpy
At least that what I think. AND I am short usd/jpy. If I jump ahead, then that may also mean eur/usd up from this point and usd decline. WELL, Lets watch the usd/jpy channel, shall we?
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