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Yen Beginning To Crack?

Discussion in 'The Economy' started by Chris C, 11th Jan, 2013.

  1. Chris C

    Chris C Well-Known Member

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    So I regularly watch Japanese bonds and of late there seems to be a bit of selling in the long end.

    Of course with the BOJ heavily into asset purchases bond rates potentially don't reflect the true reality, but no doubt the market would be edgy about the continued central bank asset purchases and the governments inability to get their budget under control which is why the AUD/YEN movements of late look really interesting...

    AUDYEN is already at 94. If bonds continue to drop and the AUDYEN pushes towards the 100 mark, I'd be tightening my seat beat for some serious blow back onto the global economy.

    Is a serious yen sell off likely in 2013?
     
  2. Chris C

    Chris C Well-Known Member

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    Audyen 99...

    But JGBs aggressively rallying?!?

    Huge central bank buying?

    Nekkei back to its pre-GFC levels.

    Where to from here?

    My bet over the next 24 months Nekkei will be up, yen will be down, JGBs is anyone's guess (but I'm leaning towards down).
     
  3. Chris C

    Chris C Well-Known Member

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    Well the Yen moved like a freight train last week pushing through 105 before settling back to 103...

    Where to from here...
     
  4. Tropo

    Tropo Well-Known Member

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    "Where to from here..."
     

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  5. Redwing

    Redwing Well-Known Member

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    Nikkei has had a great run of recent