by Ramki | Nov 13, 2008 | Jpy
Its been a while since I posted a Yen chart. We have been running into some selling at 96.23. Considering that the low seen earlier today was 94.50, even this is a strong move. Part of the credit for the recovery goes to the Japanese Finance Minister who said that...
by Ramki | Oct 19, 2008 | Jpy
Anyone who has traded the Yen knows that it is a different animal from the rest of the pack. But there is one undeniable fact about this currency, it is a trending currency. Once it sets off on a trend, it stays with that trend for a long time. I am not going to say...
by Ramki | Oct 13, 2008 | Jpy
Sooner or later we are going to get a corrective bounce in USD/YEN. But the downtrend is still strong and we should be willing to try shorts at key levels. If we surge higher today, then you can sell above 101.70 with stops at 101.88. If the move happens tomorrow,...
by Ramki | Oct 6, 2008 | Jpy
Think the USD/YEN is toppy between here 103.65 and 103.90 and should come off to 102.45 later on.
