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Old 08-09-2006, 08:48   #78
popoola
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Re: JPY- long term !!

Thanks Mosad2

I know the american economy is second to none but does this justify a collapse in the yen. Are you factoring the possibility of more yean devaluation?

I looked at the chart of the yen. Nearest high on the monthly is 121.6 then 134.5 then 147.30.... then 188? in 8 months?


If this happens this is the mother of all carry trades. Holding multiple contracts for 1 year or more will be great not to talk of the profits

Have you any more reasons to justify 188? Analysts are looking at 105 for christmas!
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