Comments on: USD/JPY getting small lift from fiscal cliff press reports https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/ The Professional Source Tue, 18 Dec 2012 05:29:18 +0000 hourly 1 By: zenfxtrader https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12706 Tue, 18 Dec 2012 05:29:18 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12706 James, your logic is perfect, but the market runs on sentiment, not logic. With the fiscal cliff resolved the sentiment changes from fear to exuberance, at least in the short term. So markets will rally, at least in the near term until reality sets in sometime in the new year.

]]> By: Jason Jin https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12701 Tue, 18 Dec 2012 04:38:48 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12701 Thanks Sean. Waiting for a crash 🙂

]]> By: Sean Lee https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12699 Tue, 18 Dec 2012 04:26:06 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12699 If BOJ were to announce that on Thursday then that would certainly surprise me and would be negative Yen for sure; once again same debate as yesterday, strength of move depends on level of positioning in market

]]> By: Jason Jin https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12697 Tue, 18 Dec 2012 03:45:13 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12697 Sean, I read about BOJ considering 2% inflation target before January. Is it a big negative for JPY if it goes through? Or you think the current level already price this in?

]]> By: Sean Lee https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12693 Tue, 18 Dec 2012 03:01:13 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12693 Well said James

]]> By: Nachiket https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12692 Tue, 18 Dec 2012 02:36:23 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12692 Ya rightly said but I call it fiscal shit than fiscal cliff. but have to admit this has been a bulls here. bulls in control of eur/usd, usd/jpy, aud/usd, nzd/usd

]]> By: James https://fxww.com/usdjpy-getting-small-life-from-fiscal-cliff-press-reports/#comment-12682 Tue, 18 Dec 2012 00:05:48 +0000 http://fxww.dreamhosters.com/?p=3815#comment-12682 The fiscal cliff is, in my opinion, an exercise par excellence, in the manipulation of mass psychology. I mean, if the US goes over the cliff the US fiscal deficit will move from about $120 billion a month to $60 billion per month. If they get a deal, the deficit per moneth on average will be what? $80 billion a month? So either way there will be a tightening in fiscal policy but the common wisdom is the market will rally?

Buy the rumour sell the fact i if there ever was one!

]]>