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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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   Posted: 12/Mar/2008 at 2:01pm |
(JP) EX-MOF'S SAKAKIBARA ("MR YEN"): SUBPRIME TURMOIL NOT HAPPENING IN JAPAN; MARKETS ASSUME USD TO FALL BELOW ¥100
- Expects USD to break ¥100 in 2-3 weeks
- Does not expect intervention over USD/JPY at ¥90
- Japan can compete with USD at ¥90
- USD/JPY fair value 90-100
- Expects the CNY and JPY to rise 10%-20% in 2008.
- Could see Euro at ¥130-¥140
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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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PrashantS
Senior Member
Joined: 14/Oct/2006
Online Status: Offline
Posts: 1294
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Posted: 12/Mar/2008 at 9:30am |
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yen closing inn can it be possible that we see another selloff
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Mr. V
Senior Member
Joined: 01/Mar/2007
Location: United States
Online Status: Offline
Posts: 903
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Posted: 12/Mar/2008 at 9:36am |
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Bubble,
What's the ballpark estimate of the 'knockout city' that we are looking at with Yen < 100 ?
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 13/Mar/2008 at 4:45pm |
$-Yen traded Sub 100 Today. 
Dealers are happy that the stops are done and everyone is happy!!!
Now wait for Nikkei with a 11K Handle tomorrow morning.
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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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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 13/Mar/2008 at 4:58pm |
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Life can only be understood backwards—but it must be lived forwards
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 1076
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Posted: 13/Mar/2008 at 7:13pm |
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Bubble, if the Yen breaks 98, what is the next support?
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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Janak.merchant1
Senior Member
Joined: 14/Jan/2008
Location: India
Online Status: Offline
Posts: 364
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Posted: 13/Mar/2008 at 8:29pm |
Originally posted by BubbleVision
$-Yen traded Sub 100 Today.
Dealers are happy that the stops are done and everyone is happy!!!
Now wait for Nikkei with a 11K Handle tomorrow morning.
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Hi,
Can anybody help-guide me-send me reliable link for currency rates?
Thanks in advance.
Best wishes
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I love my money, not my opinion. So i am ready and willing to change my opinion for the sake of protecting my money.
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BubbleVision
Senior Member
Joined: 05/Aug/2006
Location: India
Online Status: Offline
Posts: 3142
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Posted: 13/Mar/2008 at 8:57pm |
Originally posted by catcall
Bubble, if the Yen breaks 98, what is the next support? |
Catcall, its a 13-Year low for $-Y and I dont have any Supports. However, the next major level is 79.76, the all time low. (I know someone in Chennai who purchased at that rate 14-Years ago).
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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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