JPY 01 (May 08 - Oct 11)

[kennynah]

yeah...now expensive dah.... 1000Y = S$15.80..... wah...i makan one simple ramen in tokyo sidestreet stall....i can makan 5 plates of chicken rice here desu neh...

[Poles]

actually the local food is quite comparable to SG.
300jpy can get you a bowl of plain udon....450jpy can get you a udon set c/w curry or etc....
and these quality are far better than the 6-7sgd udon u get in our local food court.

[kennynah]

oh really.... i'm surprised to read about such pricing....

[Poles]

sgp food court is way over-price& lousy....


http://www.hanamaruudon.com/

[kennynah]

jpy wont drop means mai drop....stubborn fella...

so, must wait some more....wait patiently for an entry..... macam i know when is a good entry....as it is, i have shifted my target from 0.01175 to 0.01180...and now looks like have to move the goal post again

jpy/usd is now 0.011907

[qxing78]

Hi poles, I like Hanamaru Udon too.
They serve fantastic Udon with many selection of side dishes.

[kennynah]

JPY buay si one.... everyday getting stronger...

now 1 JPY buys USD 0.011945

[winston]

Templeton: Yen could weaken on more quantitative easing

HONG KONG, Sept 8 (Reuters) - More quantitative easing steps by Japanese policymakers are possible and could weaken the yen, Michael Hasenstab, Franklin Templeton's co-director of international bonds, said on Wednesday.

That is prompting Templeton to hold on to short yen positions versus the U.S. dollar and other Asian currencies, Hasenstab told the Reuters' Dealing Room, an online chatroom.

"The only source of strength in the Japanese economy is exports. And with the yen sub 90 (per dollar), they will be under extreme pressure," he said.

"With deflation still a problem in Japan and the yen so strong, we would expect some form of policy action," Hasenstab who manages Templeton's flagship Global Bond Fund, said.

Japanese Finance Minister Yoshihiko Noda said on Wednesday Japan will take decisive steps on the yen's rise when needed.


Source: Reuters

[kennynah]

relentless, yen climbs further....

0.012009

[kennynah]

/J7 Review - 12/9/2010

on the weekly chart, it should be clear that there is a window of opportunity to go Short Yen at this region of ~0.011900 or slightly higher... see the inverse hammer candle formation...

it is not a high probability bet since on the daily chart, it is seen as being still in a rally mode... this makes this a high risk bet....with a potential reward of /J7 plummeting towards 0.011400 region within ONE month...

that is to say :

Short 0.011900 region...
Cut Loss : 0.012100 (for a 200 points loss)
Target Profit : 0.011400 (for a potential 500 points reward)

but for those who trust their technical indicators sufficiently, it is a trade setup in the offing...

your technical views, please....