DislikedHey, that was a nice trade. I thought Yen would benefit in the long run due to Pakistan unrest.
Let's trade next time.Ignored
i don't really pay attention to fundamentals....i glance at the calendar once a day.
however, i think the yen will appreciate against the majors for two reasons:
1. risk aversion - sub prime crisis is still in the process of being taken care of.
2. carry trade will not resume until #1 is over...i'd say mid-2008
i still remember the days when you can just dump 10 full lots on gbpjpy, and see it go up day after day after day...