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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, October 10, 2010

USD/YEN---Will it go below 80.00 near term ??

BoJ may have to step up its intervention and use of its newly announced easing weapons on Nov 2 to counter the negative USDX effect from the FOMC decision


However, the recent poor NFP report has forced USD/YEN pair  to be weakened  further  near 81.72.


Now BOJ has turned Yen into a practically free interest currency, whereby it poses further problems and ineffectiveness on Currency Intervention, 


As such, I still foresee and expect Usd/Yen to go down below 80.00 near term, and Further downside near 72.00--75.00 region cannot be discarded by end of this 4th Quarter .




Weekly Chart on USD/YEN with bearish divergence






Monthly Chart on USD/YEN  with bearish divergence
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