Quote:
Originally Posted by MR NO
How much the USD/JPY can went down,do you think that he will brake the 120.98?
Hi Mr No,
Thanks for your question. EUR/JPY and GBP/JPY are such good trading vehicles right now, so I don't really care for USD/JPY right now. AUD/JPY and to a lesser extent NZD/JPY have been pretty good too. When I think of USD/JPY, I think of two weak currencies - and I'd rather match a strong currency vs. a weak currency. But if the subprime mess boils over, and the risk aversion causes the Yen to strengthen, then USD/JPY should go well below 120.98. A strong JPY would give us just what I'd like to see - a strong currency vs. a weak currency.
