As predicted JPYs are going to be volatile. Smart Japanese boys are making more money.
EUR/JPY is going to go down, well not to the drain but nearly. Price now 133.54 SELL, SELL, SELL!!!
I expect it to leap down to 131.00's, well may not be today but in next 5-7 days. I would love to sell it from 134.30 but can't predict whether this pair will go up. I'll wait till sunshine on NY.
Monday, 7 September 2009
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Since 6th EURJPY hit 132.85 but retraced to 134 and now in middle 133.50s. I still think that it has to go down to 131.00 unless some Fundamental puts a wall in support.
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