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PrashantS
Senior Member
Joined: 14/Oct/2006
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Posts: 1294
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   Posted: 10/Apr/2008 at 4:15pm |
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can it appreciate a lot more this time say 90?
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 10/Apr/2008 at 6:21pm |
Originally posted by BubbleVision
Other than that, ISK (15%) and TRY (18% i think) have very high yields. However, with these there is a chance of a capital loss, incase these countries default. |
Fwiw...ISK rates are now at 15.50%. The certral bank there raised rates by 0.50% today (again) at an unscheduled meeting for the second time intra-month, to try and save the currency.
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
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Posts: 3142
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Posted: 10/Apr/2008 at 7:20pm |
Originally posted by BubbleVision
Fwiw...ISK rates are now at 15.50%. The certral bank there raised rates by 0.50% today (again) at an unscheduled meeting for the second time intra-month, to try and save the currency.
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ZAR (South African Rand) boyz are following ISK kids!
*(SA) SOUTH AFRICA RAISES INTEREST RATES BY 50BPS TO 11.50%, NOT EXPECTED
- Central bank was expected to hold interest rates steady at 11.00%
- Central Banker Mboweni says there are signs that household spending is responding to tighter monetary policy; Expects global FX rates to stay volatile
- Says scenario is 'bad' if there is a large price increase in electricity
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 10/Apr/2008 at 7:40pm |
Originally posted by BubbleVision
*(SA) SOUTH AFRICA RAISES INTEREST RATES BY 50BPS TO 11.50%, NOT EXPECTED
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South African Central Bank Governor Mboweni says after hiking rates........"Things are very, very bad and we must pray" !
LOL!!!
Rembember that South Africa is a commodity producer and they are saying these things...HAHAHA!!!
Just pray!!!
Edited by BubbleVision - 10/Apr/2008 at 7:41pm
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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rakeshmehta48
Senior Member
Joined: 01/Dec/2007
Location: United Arab Emirates
Online Status: Offline
Posts: 544
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Posted: 10/Apr/2008 at 5:17am |
Originally posted by PrashantS
can it appreciate a lot more this time say 90? |
Quite possible.
Next time, whenever it breaks 95 level, the move after that may be very rapid and it can easily cross 90.
One has to keep an eye on S&P. If it closes below 1339 for three consecutive days, then yen move is very much on the cards.
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Fund Management is Most Important
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rakeshmehta48
Senior Member
Joined: 01/Dec/2007
Location: United Arab Emirates
Online Status: Offline
Posts: 544
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Posted: 25/Jan/2009 at 7:11pm |
JPY has achieved it's target of below 90 and seems to have stablized in 85-90 range, but now it's hurting Japanees economy a lot.
Chances of BOJ intervention are high now, specially since most of the carry trades must have been unwounded by now and resistance may not be that much.
JPY may race towards 100 level (Means Yen weakening)
Any expert opinion.
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Fund Management is Most Important
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 25/Jan/2009 at 8:16am |
Japanese Housewives Desperate After Currency Scheme Collapses
Allied LLC, an Osaka-based asset
manager, is under investigation on suspicion it bilked Japanese
investors, mostly housewives, using a currency trading fund
Allied,
which promised risk-free returns of as much as 5 percent a month,
may have operated as a Ponzi scheme,
....investors were
told they would receive a finder's fee for introducing new
clients.
Currency trading emerged in recent years as an outlet for
thrifty housewives in Japan, whom traders came to refer to as
"Mrs. Watanabes," looking to make extra money. They specialized in carry trades, where investors get funds
in countries with low borrowing costs and buy assets in countries
with higher rates, earning the spread between the two. The risk
is that currency moves erase those profits.
Baap re!
When it's too good to be true, it probably is.
While trying to earn from the carry trade spread
Housewives are now worried about daily bread!
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Life can only be understood backwards—but it must be lived forwards
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rakeshmehta48
Senior Member
Joined: 01/Dec/2007
Location: United Arab Emirates
Online Status: Offline
Posts: 544
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Posted: 09/Feb/2009 at 8:32pm |
Originally posted by rakeshmehta48
JPY has achieved it's target of below 90 and seems to have stablized in 85-90 range, but now it's hurting Japanees economy a lot.
Chances of BOJ intervention are high now, specially since most of the carry trades must have been unwounded by now and resistance may not be that much.
JPY may race towards 100 level (Means Yen weakening)
Any expert opinion. |
JPY has since weekened to 92 level.
Chances of 100 level are bright, specially if US stock markets stabalize a bit.
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Fund Management is Most Important
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