Thursday, March 2, 2006

Observing Yen

Here are the must-know stories which are going to decide the fate of Yen in the coming days.

Story 1 [via FT]
Story 2 [via Bloomberg]
It appears that BOJ is fairly committed in curbing short-term speculative yen buying. Hence, I will be looking to enter long usd/yen marker if the closing price is continued to be held above 115.80 level.

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