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Good time to buy Japanese Yen?

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  1. #21

    Join Date
    Mar 2010
    Posts
    6,803
    Quote Originally Posted by shri:
    Currently at 156.10ish ... broke through 155.
    Will it go the path of Turkish lira ?

    I should go to work and calculate the fair market price

  2. #22

    Like I said....after 152 there is no support for the JPY now (from a technical perspective) for quite some time.

    I think USA are gonna have to 'at least' hold interest rates at these levels for longer than expected....so demand for USD is only going to continue. Japan can't increase rates as so much debt everywhere........so the continual printing to stimulate the economy is gonna keep the pressure on the JPY for the foreseeable I would think..........unless something changes?

    shri and Chekki like this.

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