myWealth.com

Be Prepared for a Weaker Yen

Look at the USD/JPY rate then...as of that writing....and look at it now. That speaks for itself. USD/JPY pushing 100 again.

Be Prepared for a Weaker Yen

Yeah, so far I've never gotten into backwardations and contangos, etc. I understand the concepts but don't consider myself an "expert" by any means in those areas, so I generally don't write that way.

Thanks for the comment though. I appreciate you confirming that I did not say that.

I greatly appreciate you reading my articles. I'm glad you like them.

Be Prepared for a Weaker Yen

If CAD/JPY can clear its sideways range on its daily chart around 79-80, then I'll get bullish on it too. All yen crosses have rallied hard overnight and today...but USD/JPY was the only one that had broken its sideways range and downtrend both. So I am more bullish on it at the moment.

Also, USD/CAD is triangulating up on its daily chart. I'll be interested to see which way it breaks out to see when those two are directly compared, which ends up being the stronger.

Where is the article posted where you made a reference to My Wealth? Just curious.


On Feb 24 01:14 PM paultaut wrote:

> Go for it, The Yen is definitely your baby, and you are proably right
> on the other Asian currencies as well.
>
> Any thoughts on the Loonie? I personally believe it has held 78 very
> well over the last few months.
>
> I just included myWealth in another article, disparaging to a degree,
> basically because a number of Articles were written about Backwardation
> and abrubtly dropped without explanation.

Be Prepared for a Weaker Yen

I think the USD will follow JPY's weakness probably not too far off from now. JPY was the strongest on the way up and USD 2nd strongest. Now JPY leading the charge downward...and I think that the USD could turn downward soon too. It has already had a decent pull back but hasn't broken down quite like the yen just yet.

I'm also looking to see if the double top on the daily chart of the USD index holds. That will tell a lot too.

Thank you guys for writing.


On Feb 24 04:31 AM User 143167 wrote:

> Don't you think the weakness of JPY is a harbinger of USD weakness
> too?

Be Prepared for a Weaker Yen

The other asian currencies have gotten "overly weak" and they are using reserves but now have the ability to use this pool. So they are sending a message to the markets that they want them to have a stronger currency than what they have now.

Yes, they do need to strengthen against the dollar at this point. For right now, both are out of whack...the dollar and these other Asian currencies. The pendulum has swung too far one way, and we should be at the beginning stages of it starting to swing back the other way.

Love the move on the yen through the night and today. USD/JPY and EUR/JPY and other yen crosses have propelled much, much higher on yen weakness. Nice!

USD/JPY has broken its downtrend line and its sideways range all recently...so it could head to 100 fairly quickly now..and possibly as high as 105 or so in the coming weeks to months.


On Feb 24 09:29 AM paultaut wrote:

> Great Switch.
>
> The move above 100 may come faster than you alude.
>
> The Japanese GDP numbers are supposed to get weaker. They are intervening,
> at least that was the conjecture for a recent move. An Industrial
> base more concentrated than most, they are really hurting. So they
> are pushing for a weaker Yen after having sat on the sidelines allowing
> "Market Forces" to govern the Yen's moves.
>
> One question, What are those other Asian Currencies going to strengthen
> against? The Yen?
>
> Or do you actually believe they will want to erode the Product Pricing
> advantage they currently have by having their currencies go up against
> the USD?
>
> Like I said, a great switch.
>

Japanese Exports Post Record Decline

Good article. Yep the stronger yen had a lot to do with the demise of Japanese exports this year (along with the slowing global economy of course).

Great stuff. Keep it up!