nottu wrote:Is it time to renew Yen carry trade? Time to talk to your local J-banker. The Yen has no where to go but down - intermediate to long term - 120-130 Yen/US$ down the road.
Well, the Daily USDJPY charts show a crossover in some of the moving averages, and the trend does look considerably down after a period of going up since from the beginning fo the year.
The dollar, despite arguments for some kind of reserve world currency, is still the preferred international currency, and the European Union seems like it will have more trouble digging itself out of a pit than the US will.
A good time to start shorting the yen perhaps. Actually the EURUSD pair is on a long-term downward trend as well.
