Investment fund launches underpinning JPY crosses this morning
Retail investment funds or Samurais have been launched this morning in Tokyo adding to demand for the Yen crosses. The currencies which generally benefit the most from these events are the USD, EUR, AUD, NZD and CAD.
hy sean.how it long?any idea?or weaken the yen same like Chf?
Not 100% sure Rehan, I think Yen will weaken further longer term but I dont like trading it at these levels; prefer to buy dips AUDJPY
Buy on dip was my attitude on Monay
Changed the attitude—went with the tide–on Tue/Wed.I thank my lucky stars
I am still with the tide on Thursday
Your opinion
Samurais only mean long yen crosses—am I wrong
Yes Samurais are Japanese retail investment funds that invest in overseas asset markets and therefore need to buy Yen crosses