Simple's Green Room

[simplegreen]

Wouldnt be surprised villas...E/U is in one of the most insanely powerful uptrends I think I have ever seen...the 4 hour looks almost topped out and ready for a helluva drop..but look at a 30 minute or less and see there is absolutely relentless buying!?!!..on the other hand our problem child USD/JPY is in one of the worst downtrends I have ever seen..the selling is absolutely unchecked..there is no normal cycling by either of these pairs at present...just mindless buying or mindless selling.IMO til stability comes to U/J there will be little stability on most others.The G7 nations dropped the ball this afternoon IMO...they allowed U/J to go into the close setting one daily low after another instead of intervening to stabilize that pair and weaken the yen...instead they sat on the side and allowed unchecked buying of the yen.Sad situation..Yen repatriation is essential I know but the Yen weakness is also essential so their economy wont be crushed..these good people in Japan have had enough thrown against them!