Thursday, March 01, 2007

Forex: Japanese Yen



As you can see in the top chart the Japanese yen has had a sharp up move to its downtrend line. If you look at the lower panel we have the Japanese Yen vs Swiss Franc. Today this spread closed above the downtrend line indicating that the Yen should now become stronger than the Franc. I think there is a lot of risk being short yen right now. Be careful if you are short.

1 comment:

d333gs said...

How about the DBV?

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