Friday, February 1, 2013

USD/JPY Dollar/Yen Explodes Higher

Dollar/yen is exploding higher overnight printing 92.2.  The dollar/yen has not seen these levels for well over two years in 2010. The euro/dollar is jumping higher as well with the weaker dollar. Japan is on a mission to devalue the yen and they are succeeding so far (weaker yen drives the dollar/yen pair higher). A couple days ago it was a big deal for the dollar/yen to punch thru 91, note the attempts at the pink line before price broke up thru, but a couple days later the pair is now north of 92. The upward-sloping green channels are in play. The global race to debase continues with the U.S. and Japan determined to destroy their currency. Europe stands by watching since Draghi has not lowered rates to jump into the game, yet. The Q1 2013 period is creating epic economic history. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.
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3 comments:

  1. AnonymousFebruary 1, 2013 at 6:54 AM

    Hi
    Please verify when u say Intermediate Term):
    BULLISH -- Long from SPX 1426 on 1/1/13

    does it mean the spx will get to 1426 , then go long? or go long from now? when the spx is 1502 as i type this?
    Are we expecting a dip to 1426 then a rise?
    Thanks

    ReplyDelete
  2. Keystone SpeculatorFebruary 1, 2013 at 7:33 AM

    Anon, nope, none of that applies. Keybot the Quant is a trading algorithm. It oscillates form long to short and back again. Go to Keybot's web site, use the 'Keybot the Quant' links, and read the posts there and scroll backwards to understand what is going on.

    The last move by Keybot was the last day of the year in 2012 when Keybot went long at SPX 1419. The algo is zeroed each year to begin the new year so the proper data can be compiled. Thus, the algo begins the year on the long side from SPX 1426. So Keybot has been on the long side for over one month now. Keybot will simply motor along until it decides to flip short, at that time the percentage gains can be logged and the year will be fully underway.

    ReplyDelete
  3. AnonymousFebruary 1, 2013 at 7:43 AM

    Ok, thanks . what is the url for the website?

    ReplyDelete

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