I remember Warren Buffet getting long Yen about a year or two ago. Was he lucky or just shrewd?
After seven years of providing the cheapest source of funds for investors buying higher-yielding New Zealand dollars, Australian dollars and Brazil reais, the yen is appreciating as $587 billion of subprime mortgage-related losses force banks to restrict [...]
Wow, what a brutal day to be long EURJPY. I guess the Kimono Traders (they drew first blood) bought back their Yen really fast today after the USD plunged on bad economic news! Everyone was trying to get out the the USDJPY carry trade because the Fed is likely to cut rates on the USD [...]
Here’s a lovely revised graph of the USDJPY currency pair. I adjusted the prediction set to include the latest CRB index number and a S&P500 price of 1476.00. The curve seems to be growing a hump lately but its awfully close to be on the money.
Last time I checked the USDJPY [...]
