Posts Tagged ‘ USD ’

Dollar’s upside capped at ¥95 level | The Japan Times

Without a clear policy from both sides, FED on wether it will start to taper QE and when . then from Abe on his policy on his 3 arrow . Abe will do nothing until the election is over .

Until then 95 will be the norm , but personally I see the USD strengthening in the short term ,commodities weakening also .

Tony Evans

Dollar's upside capped at ¥95 level | The Japan Times.

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Good time to convert Yen ?

What a love hate relationship the market has with Abenomics ,
One week they love it , then they don’t , then they do !

Japan ( Prime Minister Abe ) is trying to change a whole country the way of thinking , the way they do business , international role ! I don’t envy his task at all but he has done so much so far , he is one of the highest approval rating of any G8 nation leader and he hasn’t been in power that long!

Yen should you buy or sell ?

All comes down to greed and fear factor .
If you converted ¥ today you get 5% more than you did 2 weeks ago . But I know what some of you are saying but if I converted last year I would have 30% more ! I totally agree with you , then I ask the question why didn’t you ? As you expected it to keep strengthening ?

USD / JPY

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Unemployment figures keep improving I see USD strengthening .

GBP/ YEN

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Looking at the figures coming out the UK the economy is improving at a quicker than expected pace ! £ strengthens .

Euro / Yen

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All comes down to the constitutional court ruling on the EBC bond purchases and is it legal !!
Beurocrats ! Mario Draghi had the balls to do something when the politicians did nothing .

AUD/ JPY

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Election is nearly upon us ! I can see the yen and the ozzy weakening . Could be around the 91.

My advice is if you happy with the price take it , if you in it to speculate and make money be careful , the market turn very quick and you could loose money !

Tony Evans

Nikkei Stocks up 1.37% for the week !

What an end to a turbulent week in Tokyo , nearly 10% swings !

Friday stocks rose 1.37% on Friday, as a weakening yen helped the benchmark index rebound from the previous day blood bath of more than 5%.Thursday followed a week of wild volatility in the market which included a a plunge of 7.3%, the worst single-day fall since Japan’s 2011 quake-tsunami disaster.

Nikkei 225 index added 185.51 points to 13,774.54 .

Investor sentiment was buoyed by official data released Friday that showed Japanese factory output expanded by a better-than-expected 1.7% on-month in April, even as the nation remained mired in deflation.

FOREX

The dollar fetched 101.01 yen in Tokyo afternoon trade from 100.74 yen in New York late Thursday, while the euro also strengthened to 131.65 yen from 131.39 yen.

You can say one thing Tokyo ain’t boarding .

Tony Evans

Yen continues to weaken, how low can it go against $/£/€/AID this week ?

We start the week with the Yen maintained losses as G7 Finance Ministers will allow the yen continue to weaken . FTSE & US market futures looks to open higher .

The Yen hit 102.21 at 4:22am lowest since October 2008 , Nikkei up 177.48points +1.21% .G-7 policy makers said they examined Japan’s strategy
and they will monitor its impact on currencies. They reaffirmed their February
commitment to “not target exchange rates” at a meeting in Aylesbury, near
London, U.K. Chancellor of the Exchequer George Osborne told reporters .

How low ?

By the end of the week II can see it trading around :

 101/102 USD

156/158 GBP

132/134 EURO

101/102 AUD

 

Image

http://www.bloomberg.com/news/2013-05-12/yen-falls-beyond-102-as-g-7-tolerates-drop-s-p-futures-decline.html

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