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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (18793)4/13/2009 4:27:56 AM
From: RockyBalboa  Read Replies (1) of 71427
 
Ho hum, revisiting the yen chart. While still butt ugly (and yes the dollar made it somehow through 100, finally) it may be back to investment levels after the market absorbs the stimulus nippon-type.

Now watching the reflating carry trades (GBPYEN looks like it wants 150, EUR yen still fighting at 133 and there is lots of buying in risky currencies). At a point when the bull run its course, like in stocks and also the carry trades turn heads then the yen is also a good technical buy. ...for now - go with the program.
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