Monday, July 31, 2006

Stronger Yen on the horizen

Alot of talk in the market today about stronger numbers in Japan in the coming weeks. This is anticipated to bring about more aggressive rate rises from the Bank of Japan. I am not sure this plays out but looking at the markets this morning clearly the Yen is stronger and looking to continue that way for the near term. The bank of China did nothing over the weekend and Usd/Hkd bounced slightly from its Friday lows. I am still long Usd/Jpy but I am watching very carefully.



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