Wednesday, August 01, 2007

Twin Dogs Of The Leash

Dear Readers, Twin Dogs of CHF and JPY, two favorite carry-trader currencies are of the leash. Until these eval twin sisters get back on it, the market will keep going down. Look at the gains at both SF and JP especially in last couple weeks. Do you think somebody is putting pressure on the markets to behave? I often say, ask Japanese... But then again, we told you about it in April!
Good Trading

3 comments:

Anonymous said...

Gd Morning Boris:

any trade recs on JPY? somewhere around 85.5 a good buy level?

boris said...

Frankly, Dear DXB, either YEN stops here or we will test 86.50 which is the 115.5

Good Trading

Jim Taylor, JD said...

Hi Boris,

Double Bottom at 2526

Topping NOW