John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (13472)	1/18/2013 1:32:44 AM
From: John Pitera	Read Replies (1) of 33421

I was asked about the US market...... as to your market question, Bernanke wants Stock prices higher,as Marty Zweig always used to say don't fight the FED. Japan is very aggressively performing unsterilized quantitative easing and their stock market is up 2.58% ... and the Yen is weaking as it's just gone above 90.00 a critical big round figure after hitting a multi year low of 78 in summer of 2012. the reference currency is the USD so as $/JPY ..... when the yen is going up it means that a Dollar is buying 90 yen after buying only 78 this summer.... so the Yen is going down. By contract the EUR is the reference currency and so when the EUR goes from 1.20 to 1.30, the EUR is able to buy more dollars. The British Pound, the AUD and NZD are all the reference currencies where just about all of the Euro currencies had/ have the the USD as the reference currency, such as $/Deutschemark, the scandinavian countries, such as the Norwegian krona and the Swiss France. John

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