Of course, currency pairs can trend for a long, long time - like
bonds. Just look at the long term chart of USDJPY - how many have
tried to catch the falling knife over the past x number of years?
Ouch.
On the other hand, the pair is at historic lows - gotta be worth
a punt on the long side sometime soon....
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Title: USDJPY long term chart Of
Posted by philosoraptor on 29th of Sep 2011 at 02:30 pm
Of course, currency pairs can trend for a long, long time - like bonds. Just look at the long term chart of USDJPY - how many have tried to catch the falling knife over the past x number of years? Ouch.
On the other hand, the pair is at historic lows - gotta be worth a punt on the long side sometime soon....