Tuesday, July 22, 2008

July 22 Ready to Pop USD JPY


In a major congestion area, looks like it is ready to pop. Possibility of testing 108++ we shall see as this rally settles and oil bounces back.
If fed raises intrest rates we could see a quick bounce up to 110.
We shall see. Lending is tightening again as banks see the 4.10 ten year.

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