Comments on: Yen selling begets more Yen selling

By: Sean Lee

Sean Lee — Fri, 01 Feb 2013 10:18:51 +0000

Absolutely Skylar, I’ll dig that link up. It was 104 at time and I had lunch with them n they said plenty of hedge funds were bullish for 130. Pity I didn’t believe him 🙁

By: Sean Lee

Sean Lee — Fri, 01 Feb 2013 10:17:11 +0000

Hi nacelle, global financial crisis. Aussies shorten everything 🙂

By: Skylar Seth Bishil

Skylar Seth Bishil — Fri, 01 Feb 2013 09:34:07 +0000

In reply to Skylar Seth Bishil. Correction: " it doesn't look like anyone's going to be long yen in the coming months..."

By: Skylar Seth Bishil

Skylar Seth Bishil — Fri, 01 Feb 2013 09:29:37 +0000

Sean,
I swear I remember you reporting that a certain hedge fund was saying that EUR/JPY would see 130 at the begining of 2013! Goldman Sachs (surely they’re to be trusted) is long EUR/USD till 1.37 and that’s looking like it could be a reality fairly soon and it doesn’t look like anyone’s about to be short Yen in the coming months, so as far as EUR/JPY at 140 is concerned, why the hell not?! It’s showed no signs of exhaustion yet and is trading fairly consistently- it seems like for the last month that you could short it on a Monday and make sure to be long by Wednesday and be doing just fine, it’s ridiculously fantastic and if the day comes where it does fall 15% in half a session… well then that’ll be pretty decent day- I’m sure a great many of us have been watching this pair and feeling nothing but regret…

By: nace

nace — Fri, 01 Feb 2013 09:06:00 +0000

what is GFC??