Build your professional network on facebook via our app Go to app
 
 
 
Started by : Pierre Pienaar, CEO/MD/Director, Xcellence Wealth Creator   02 11 2009 08:34:38 +0000
Industry : Investment BankingFunctional Area : Derivatives(Markets)
Activity:  61 views;  last activity : 07 06 2010 20:18:09 +0000

 

Dear Fellow Trader,

I have to admit, I love trading Forex, it’s one of the most exciting and most profitable markets in the world.

That’s why I run Forex Trading as a business.

Do you agree?

 

Pierre

http://xcelprofitableforextools.blogspot.com/

http://xcelwealth.googlepages.com/moneymakingforextrading

 

 
 Refer 22
Share
 
 
  Rate : 
 
 
 
 
  4 1 1 0
 
 
 
 
 
 
 
 
 
 
 
1 2 3 4
1 USD/JPY - I believe there will be a downturn again
2 Near Future The USD/JPY Will Fall Severly Lower And Peak Dollar Will Be Realized
3 What do you think the future holds for USD/JPY?
4 Usd/Jpy outlook is bullish

USD/JPY - I believe there will be a downturn again

idea posted by Pierre Pienaar CEO/MD/Director, Xcellence Wealth Creator

A possible support at 96.36.

Friday, The Japanese Yen (JPY) is extremely volatile with USD weakness and slumping stocks sending the pair back under 97 before a late Equity rally and saw both the USD/JPY and crosses ending higher.  Looking ahead, January Current Account previously at -92.1% I believe there will be a downturn again.

Comments will be highly appreciated.

4
1
  

Hi All, this is the first time I giving my thought in this website. I am not a FX trader. But I take care of FX oprations. As per my knowledge, the currency pair of USD/JPY is going see downturn.Both JPY and USD are not that attractive currency pair for all ppl who are trading in FX.As interest rates are fluctuating alot this pair. 

Add your argument:

Near Future The USD/JPY Will Fall Severly Lower And Peak Dollar Will Be Realized

idea posted by Varun Sood Associate, JP MorganChase

According to me it may be a systemic risk event that takes the USD/JPY lower; or it may simply be risk aversion to turmoil in the financial sector, or it may be risk aversion to the NASDAQ and Semiconductors falling lower, but soon yes the USD/JPY will fall sharply lower.

1
1
  

Thanks for the thoughts. It will be interesting to see where it goes in the following weeks and months. There will be ups-and-downs, but I believe the USD will go lower against the JPY.

Add your argument:

What do you think the future holds for USD/JPY?

idea posted by Pierre Pienaar CEO/MD/Director, Xcellence Wealth Creator

JPY will in the short term strenghen against the USD, because the banking crisis will prevail. The only offset for the USD will be if the Bailout plan will work, but that is amillion-dollar question.

1
1
  
by Gandhi Rajan, Sr. Associate, ICICI Securities  | 02 26 2009 12:35:59 +0000

According to me, the volatility in USD/JPY in the recent times has fallen to the lowest level since October. As risky assets, the yen crosses and other high yielding currency pairs are very sensitive to the level of volatility in the foreign exchange market.

And the decline in volatility is helping to boost the market’s appetite risk and restore demand for higher yielding currencies, also, investors may finally be responding to the weakness of Japanese economic data and the new measures announced by the Bank of Japan...

Add your argument:

Usd/Jpy outlook is bullish

idea posted by omprakash visvanathan Founder, Trade-a-thon.com

The USD-JPY has been hampered by dollar weakness and the shifting of the carry trade from the yen to the dollar. With the japanese government following a no intervention policy the pair drifted lower. But that outlook is changing and governments around the globe see a weaker currency as the way out of the recession. The strengthening dollar would be offset by risk aversion and how asian markets perform because all said and done the yen still remains a safe haven currency.  From trading perspective, the USD-JPY  pair should move higher from henceforth.   

0
No supporting Arguments for this idea
Add your argument:

Add your Idea
Idea* : 
Add your argument:
edit in rich text ...
Could not find any idea interesting in: "What do you think the future holds for USD/JPY?" ? Click here to add a new idea...

Found the idea contest "What do you think the future holds for USD/JPY?"  interesting ?  Click here to refer to your connections and communities
Specialist in IT Recruitment
PCB designers required , Bangalore
Hiring BIW design engineers,Bangalore
Urgent requirement for Seating designers,Bangalore location
Viewers also viewed
Indian MBA vs International MBA
 
452 referals 18 arguments, 223 views
There has been a new way developed to look at things how marketing should be done. Previously...
 
811 referals 24 arguments, 1132 views
Do you think the salary should be based on the experience or the work we do.. suppose one person...
 
0 referals 8 arguments, 322 views
more...  
Recent Knowledge (2)
When we are watching news channels or any other channel or reading news papers you bump upon...
 
2022 referals 11 votes, 200 views
we all know the perils of talking on cell phones while driving. besides being hazourdous to...
 
290 referals 2 votes, 36 views
more...  
More From Author
Options University's Live Trading Labs service is Unique in the world of trading education.   I don't know of any other product or service that gives you this much 'hands-on' experience, with professional traders guiding you every step of the way...
MAKE SURE you watch all his complimentary training videos. They teach more "what works now" Forex tactics than many courses you'd have to PAY for. See them all here before he takes the training videos offline this week:   http://adcurl.com/ah36
We don't do enough to save the planet. It's not only government that should act but every individual. Please read the following Article Rainforests Are Still in Trouble - You Can Be Part Of The Green Solution @  http://bit.ly/6zgyvr, andExpected...
more...