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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (48841)3/29/2006 12:53:57 AM
From: booyaka  Respond to of 116555
 
sell the yen whenever it has a strong rally

Grandmothers vs. Hedge Funds
morganstanley.com

Conclusion: See-saw Battle in Dollar-Yen
The see-saw battle in the forex market between grandmothers and hedge funds will continue. Grandmothers will keep buying foreign assets due to interest rate differentials. Hedge funds will continue to sell dollars on the expectation that rate differentials will shrink.