USDJPY update 06 Oct 2010 Wed

wink_market_raider

Active Trader
Oct 4, 2010
3
0
32
Singapore
Yen has reached the level where BOJ intervene the currency on 15 Sept.

With talk on further quantitative easing from U.S., who will lead the trend for USDJPY?

2 opinions for today:

a) Long at 83 with stop loss below 15 Sept low. Target 84 exit.

b) Observe till Fri NFP announcement to have clearer direction of trend.



Regards,
WINK Associates
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