ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Almost two weeks ago, I underlined the case for on-going weakness in the Japanese yen. The U.S. dollar had rallied to 80.60 against the yen (USD/JPY) in almost a straight line. I chose that point to close out my yen shorts to wait for what I thought would be an inevitable pullback from such a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 31, 2012. Click here to read the entire piece.) The path for a peak in the Japanese yen is turning into a much more arduous one that I had hoped. Last week, I pointed to an imminent acceleration in purchases … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 22, 2012. Click here to read the entire piece.) Via an extremely strong Japanese yen, the world is offering Japan a steep discount on its assets. On January 19, 2011, Japanese Finance Minister, Yukio Edano, seemed to indicate that Japan … Read more
This is an excerpt from an article I originally published on Seeking Alpha on January 6, 2012. Click here to read the entire piece.) It seems that the U.S. market has grown weary of worrying about the euro. The euro has lost 4.5% versus the U.S. dollar (EUR/USD)(FXE) since December 9, 2011 while the S&P … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Call it a minor victory for Japanese Finance Minister Jun Azumi who declared his country is in “a war of nerves” with markets over the value of its currency given the … Read more