YEN

[pimpit]

I cant see anyone talking about yen over here. my readings suggest this is massively undervalued and slowly rising against the US dollar.

[arco]

What you bin drinking pimpit....

.......we talk about the yen all the time here mate.....and here http://www.sharetrader.co.nz/topic.asp?TOPIC_ID=19728
and even here http://www.sharetrader.co.nz/topic.asp?TOPIC_ID=19999

arco ;)

[peat]

It's the JPY stupid ;)

Todays Jyskebank publication is actually very focused on the Yen.

http://www.jyskebank.dk/_jb/commoninc/bin.asp?id=95370&src=fxpolepositionuk.pdf


The article goes on to say "Never underestimate the JPY.
Its nickname as "the house of pain" is well founded."

[roddy]

Hi Pimpit
heres my interpretation of jpy

http://img133.imageshack.us/img133/7080/noname00mz3.jpg

chart shows US/jpy was in a downtrend from Dec 05 high of 121.390,it found support at 109, since then has been in an uptrend,however it appears unable to sustain the recent break of previuos resistance and is now falling back through support which might suggest the trend is weakening, in the short term it is running the risk of breaking below the medium term uptrend line,which if it does is a bearish signal!
however i couldnt comment on whether the Yen is undervalued or not.
When you say your readings suggest Yen is massively undervalued,what leads you to that conclusion
cheers roddy