Tuesday, October 19, 2004

Earth to Mothra!!! Come in!!!

The Godzilla Trade is finally taking effect. A break below 109.00 in Usd/Jpy with downside pressure towards heavy stops and knockout option strikes at 108.30. Monthly perspective: consolidation around 107.00 as oil concerns lighten. The Nihon Keizai Shimbun(yeah that's right), is reporting that the Bank of Japan will report inflation of .1%, that's not a typo, that's .1% for the year 2005's consumer prices. Recommendation: Build Long Yen/Usd position on every pullback.

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