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本帖最后由 greenback 于 2012-6-21 01:42 编辑
FED day is behind us ... apparently we are in a potential turning point. We need to know how big moneys are looking at the FED actions.
Since the next big market moving news will likely come from Europe, let's start from currencies ...
EURO is holding pretty good today ... still above 1.265 ... I expect it to test 1.275 again ...
JPY is very interesting ... the first breakout from triangle was a false one, as often is the case in triangle breakouts ... JPY is turning decisively weaker on this FED day. What does it mean?
Since USD/JPY depends strongly on the rate difference between JPY bond and USD bond. A likely explanation is that JPY traders are betting USD bond rates will go higher, but do we see this? Looks like they are correct so far ...
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