This is nothing new.with the Japanese yen on the rise again against the U.S dollar all eyes are on the Japanese central bank.if things hold true to form then the Japanese central bank will intervene shortly to make sure that the Yen stays undervalued.this sort of intervention is causing havoc amongst the other Asian currencies and it is high time that Japan let the yen 'float free'.as such this is ripe time for the forex traders to buy the yen and then sell it as soon as the yen starts to weaken against the dollar which will happen as soon as the Japanese central banks intervene.so may sure that you cover all the press releases or interviews by any staff of the Japanese central banks as they are sure to give some hint as to the timeline!
japan,yen,united states,currency,
Friday, September 21, 2007
Japanese yen on the rise again??
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scorpius
at
8:51 AM
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Labels: forex, japan, single currency, yen, yuan
Friday, July 20, 2007
China economy tolls worries for the communist government!
With Chinese economy surging far ahead of expectations,this only brings a much bigger headache for the current government who are doing their utmost to cool the already overheated economy.the latest move by the chinese government was to increase the interest rates.but that does not seem to have cooled the economy by any means.
The chinese government is fast running out of options and if they do not rein the economy sooner than later,inflation is going to sky rocket and thats only the least of their worries.the chinese yuan,which is ridiculously under valued may soon be undergoing a facelift of sorts.but there are a few economists who are predicting that the chinese economy would not slow down inspite of all the governments efforts and it can already be labelled as a runaway economy.well,if there was a time to buy yuan to make a quick profit,the time is now!
economy,china,inflation,purchase,dollar,forex,