Replies to post #25965 on FOREX TRADERS

[Ataglance2]

Im on beer # 3.......
listening to kAt CoUnTrY......
but I dug this up ,as if we didnt know already....But!
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Japanese Yen Dominates as Demand for Carry Trades Remains Lackluster
The Japanese yen has traded very choppily lately, but remains below its October 24 highs where the low-yielding currency ran into critical resistance versus most of the majors. One of the key tools to gauge the consistency of the trend for the Japanese yen has been the US stock markets, and the inverse correlation between the Dow and the yen (and US dollar) has been something we’ve been noting frequently. Friday’s price action was a perfect example of this, as the yen ended the day up 1.8 percent against the euro and more than 3 percent versus the Australian dollar and New Zealand dollar while the Dow plunged 3.82 percent by the end of the day. Going forward, I think this correlation will hold and the odds are in favor of additional Japanese yen strength.

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Now my addition to this comment on the subject..the uncorrelated moves are a very clear sign of goverment intervention..as I stated before..the yen should not get too strong and needs to be curbed for the markets to be restarted..thus.....the carry will continue..and I believe with the beast riding 140 ish..should be a bottom.if it is..shorts will get stopped out and since price has dropped to the 78 percent retracement show us it will be a slow but steady move up that will be seen in all the crosses..and usd/jpy in the weeks and months to come..I also have other thoughts on this subject,and it has to do with paulsons plan and hedge funds..but it would turn into a book instead of a post...oh..and also her prediction will be proven wrong....
;)