4

Feb

GBP/JPY: Japanese are Becoming Net Sellers

Posted by Kathy Lien  Published in Carry Trades, GBPJPY, Japanese Yen, forex blog
Carry trades use to be one of the most popular trading strategies for retail forex traders, but in the past year, that has changed significantly. The Japanese have always been the biggest buyers of carry trades but having been burned significantly, they are finally starting to cut their losses. According to the latest [...]
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21

Jan

What’s Behind the Big Moves in Currencies?

Posted by Kathy Lien  Published in 2009 british pound forecast, 2009 gbpusd forecast, Bank of England, British Pound, Canadian Dollar, Forex Technicals, GBPJPY, Swiss Franc, eur/usd, forex blog, swiss national bank
There has been a lot of volatility in the foreign exchange market this morning, driving currencies to historic levels: GBP/USD - 23 Year Low USD/JPY - 13 Year Low NZD/USD - 6 Year Low EUR/JPY - 6 Year Low CAD/JPY - 13 Year Low GBP/JPY - Record Low NZD/JPY - 8 Year Low The most significant moves have been in the British pound, [...]
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20

Jan

British Pound: How Much Further Can It Fall?

Posted by Kathy Lien  Published in 2009 british pound forecast, Bank of England, British Pound, Forex Technicals, GBPJPY, Mervyn King, eur/gbp, forex blog
The British pound has fallen to a 7 year low against the US dollar and a record low against the Japanese Yen. Over the past 3 trading days, the GBP/USD has dropped more than 1000 pips or 7 percent. Consumer prices were hotter than the market expected, so what has fueled this aggressively [...]
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