yesterday was a good day as well as a bad day for my forecasts. I hit the bulls eye all through while Japan was working, but when you look at the finer prints in my forecast, I was expecting the yen to strengthen a li'l bit more. And here is where I went well off mark. But then, you do need a few bad moments to keep you on your toes, alert and active, and washing off the overconfidence paint that you wear on your face.
A New Day Today
Expect the Yen to keep testing the 119 mark but remain in the 118 zone. My range 118.40 to 118.75. occasional dip to 118.20 but not much chance to break it while Japan is awake. Evening may see the yen breaking 119.00 and settling in that range for some time before we can once again see the Yen gaining some lost ground (I mean 117.....I am still upbeat on it).
New direction to the markets?
11 years ago
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