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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (1001)9/24/2003 2:20:07 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
JYen continues upward, surpassing 90.0 level in US$ terms
yday was a holiday in Japan, celebrating autumnal equinox
today some mild followthru
much short covering in progress

but more importantly,
we have some mammoth unwinding of yen-based carry trades
I see a beeline to 92-93, where resistance lies
then some 1-2 months of absorption consolidation
followed by a surprising and damaging move to parity 100

/ jim