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Thread: Discuss the USD/JPY with a DailyFX Analyst

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#1649 (permalink)

08-11-2008, 01:05 PM

xxljmzlxx

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Join Date: Jul 2008

Posts: 3

xxljmzlxx is an unknown quantity at this point

Quote:

Originally Posted by Terri Belkas

I have a lot more faith in USD/JPY upside than for EUR/JPY. In fact, the USD has been the only major to gain against the JPY over the past 5 days (see the attached Bloomberg chart). USD may be the strongest currency right now, but it looks like JPY is right up there in second place.

I'm hoping that the major support will hold @ 164.50. The dip to 163.62 was met with a reverse bounce to 165.60.

Im getting quite emotional with this pair

Net Long @ 166.20

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