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The yen strengthens again, reversing a bit more of one its one-way move lower (dollar/yen...

The yen strengthens again, reversing a bit more of one its one-way move lower (dollar/yen higher) since early February when the BOJ signaled easier policy. Nothing moves in a straight line forever. If the BOJ is truly serious about ending deflation in Japan, buyers of dollar/yen may be being given an opportunity. FXY +0.3%.
Comments (3)
  • worriedwart
    , contributor
    Comments (678) | Send Message
     
    yen needs to go to par with usd
    23 Mar 2012, 04:12 PM Reply Like
  • bakkbakk
    , contributor
    Comments (280) | Send Message
     
    The inflation report comes out soon and should tell where they are headed. There's a little trouble with the guy they think will be elected on the board, the article is posted on bloomberg in japan, he is only about a firm yen and no stimulus. fxy either going to 130 again or to 110. Waiting for some real news and the Japan trade defecit this week killed me.
    23 Mar 2012, 07:44 PM Reply Like
  • bakkbakk
    , contributor
    Comments (280) | Send Message
     
    9 japanese ecenomic reports next thursday
    7 u.s. ecenomic reports next thursday
    =Mess
    +6 more U.S. reports on Friday
    23 total u.s. for the week and 9 for japan
    Too much data to digest for a trade
    23 Mar 2012, 07:57 PM Reply Like
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