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发表于 2011-3-15 10:48 AM
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YEN is going up quick & big against USD! First driven by surging domestic needs of cash & liquidity due to the crises, which will further trigger great unwind of carry trade and subsequently cause price pullback in all risk asset classes including commodities & equities. Bulls should monitor closely with caution the trend of JPYUSD which is an important indicator of market risk appetite. If from here JPYUSD heads to south decisively below 80, I will expect much more pullback of SPX, perhaps somewhere around 1200. |
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