I was on the business new network this afternoon talking about outlook on Yen, Euro and Yuan. Click on the image to access the video

Posted in Uncategorized 2 Comments »

Is the Bank of Japan stepping things up? In a very unusual move, BoJ Governor Shirakawa said earlier today:

“There are substantial fluctuations in the foreign exchange and stock markets mainly against the backdrop of growing uncertainty about the outlook for the U.S economy. The Bank of Japan will carefully monitor such developments and [...]

Posted in 2009 japanese yen, 2009 japanese yen forecast 3 Comments »

I was on CNBC Squawk Box Asia last night talking about all things Asia including the outlook for Japanese Yen, Korean Won and Chinese Yuan.
Here is the clip if you missed the segment

Posted in 2009 japanese yen, 2009 japanese yen forecast, Forex TV, chinese yuan 1 Comment »

The euro has sold off aggressively over the past 24 hours, breaking below at least 3 big figures in the process. After such a strong move, many currency traders wonder if there will be consolidation or continuation. Today’s sell-off in the EUR/USD was the strongest since January 5, 2009 and taking a look [...]

Posted in 2010 eurusd forecast, eur/usd, euro, forex blog 10 Comments »

After the FOMC announcement yesterday, I posted this comparison of the FOMC statement on FX360.com. I am posting it again in case you want to understand exactly what parts of the statement has been changed. EUR/USD did not follow through on its post FOMC rally is now trading below 1.30. That is [...]

Posted in Federal Reserve, euro, forex blog No Comments »