The japanese intervention failed to boost bearish sentiments on the YEN.
"The downside is actually quite strong, stocks could easily have fallen a lot more," said Toshiyuki Kanayama, market analyst at Monex Inc.
If the YEN continues to rise, the NIKKEI might experience a sharp panic sell off. And this does not bode well for the rest of the world’s market. There is a correlation of 0.6 with the US market. The government needs to intervene again. USDjPY has to go above $86 to prevent any more intervention.
Perhaps the Japanese can follow the chinese route. By pegging their currency tightly with the US.
5 comments:
It's a United States of America rule!!!! Wall St. rule!!!!! VIVA LAS VEGAS SANDS......HAHAHAHAHHA......I'M MUCH BETTER THAN YOU....THE MARKET IS DOWN AND MY LAS VEGAS IS VERY HOT!!!!!! YOU SITTING ON THE SIDELINE...HAHAHAHHA......HOW CAN YOU MAKE MONEY WHEN YOU SCARED TO DEATH....
To all traders, if you want to make money. I have a tip for you 8% gain within 5 days. Guaranteed... buy LEN, GPS,LVS.... I short this stock with a ticker symbol Q @6.29...Happy trading guys.....I'm hot and a genius than tradedragon.
Nice tip.
You could contribute an article too if you like. you are a genius.
This is my article, buy stocks at the bad news and sell it in the good news. If people scared to buy securities that's the time to hold your positions.
To tradedragon,
About LVS I'm up today from 31.50/share. Any bad news coming from Ministry of Singapore about the activities of this company that's the time I short this stock. 45/share is my target right now. Happy trading.
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