USD/JPY

USD/JPY: Talk of real money buying interest 83.60/70

I’m not sure if I place a whole lot of faith in these reports as in my experience, most of the asset managers have already given up by now. Nevertheless, initial dips towards that level will probably attract some day-trader interest and I’d expect 84.20/25 to provide some resistance.

If Europe has a quiet session today then I think we can well and truly start shutting up shop until 2013.

Oh, and I nearly forgot, my next big contrarian call. I’m forecasting that the Mayan calendar has made a tiny mistake and that the world will not end tomorrow. If I’m wrong, everyone gets a Rolls Royce 🙂

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