Yen goes up?

[JgrThaTkgresThor]

[Link eliminated] "Let's see Carry Trades for a long time," said Gabriel de Kock, a currency chief economist at Citigroup Global Markets in New York, at a Forex conference in Singapore."The yen will be a dog."If Yen will be a dog, what will the pound be?

[RuaSesnteshak]

That would make the pound the master who kicks the dog when he wants, makes him cry and sometimes gives him leftovers, just enough to keep him alive.Seriously, that guy was wrong.Yen is not anyone's dog.The Yen is the dog of the pound!Period: 27 months.Account balance: +265%.Maximum DD: 15.2%.

[RsdesCa]

Citi already made a big mistake earlier this year.They said the dollar would be strengthened compared to the main currencies.Hopefully this time they don't fail so much.Trading is a business.

[jtti22]

So ... Is the pound the owner?I guess it sounds logical.But who knows?This is Forex, everything can change in a second.

[JgrThaTkgresThor]

It seems that Citigroup is playing to be guess again.The Yen has been "a dog" for years according to them, but continues to resist and complicate the traders.If everything were as simple as labeling coins, we would all be millionaires.As for the pound, it seems rather a capricious cat that suddenly collapses and then jumps without warning.In the end, the only rule in Forex is that there are no fixed rules.

[axjincua]

The yen will be a dog, they say ... Well, like a dog, because every time it seems weakened, it returns more force and bites where it hurts the most.You just have to see what happens when the Carry Traders trust too much.If the pound is the master, it must be a master with financial problems, because sometimes it seems not to know what to do with his own economy.

[BaSbarotes42]

Another meaningless prediction of investment banks?What a surprise.In 2007 they said that the euro went to the moon, in 2008 everyone ran to the dollar as a refuge, and now they want to sell us the idea that the Yen will be a simple pet of Carry Trade.The reality is that Yen always finds a way to annoy those who underestimate it.That they continue to believe in dogs and masters, the market will be in charge of giving them a lesson.

[onory13]

Maybe Yen is a dog, but rather it looks like a chained pitbull.When they release it, sweep everything.They have underestimated it before and has shown that it is not possible to trample so easy.And about the pound ... Well, that seems rather a chameleon, changing color according to the latest news of the BOE or any politician on duty.

[udibesrks89]

If Yen is a dog, then the Swiss Franco is a lone wolf and the dollar is a lazy old man who still commands in the pack.In this game, everything depends on who has more fangs when the crisis arrives.The problem is that many believe that Carry Trade is a free ticket.Until Yen wakes up and sends everything to the devil in a matter of hours.

[SorguaJesvuor]

And what happens if Yen is not a dog, but a cunning fox?It would not be the first time that he cheats the traders and makes them pay expensive their arrogance.In this market, blindly trust what an investment bank says is almost as dangerous as leaving your car's keys in the hands of a stranger.

[JgrThaTkgresThor]

It seems that Citigroup forgets what happened in 1998, when the Yen slapped all the carry traders who used it as financing currency.But well, keep believing in banks and seeing the yen as a docile puppy.Some will learn the lesson in the difficult way.

[SITCHUNEs]

Perfect!Then I am going to open a long position in USD/JPY, total, if the Yen is a dog, surely he will behave with me and will not bite me in the early morning with a flash Crash.Ironies apart, let's not forget that Japan still has tools to intervene if he needs it.If the Boj acts, more than one will be trapped.

[Ovesrggr14]

Of course, the Yen will be a dog ... until the investment funds decide that it is time to close their carry trades and the "dog" becomes an uncontrolled lion.This market is cyclic, and when Yen is strengthened, the liquidations arrive as a tsunami.They tell the Hedge Funds that were trapped in 2008.

[SiyortkC]

Does anyone else notice that every time banks say "this is safe", the opposite ends up happening?I keep waiting for us to tell us that Yen is weak to start buying it against everyone.If the pound is the master, I hope it is not one of those who run out of money in the middle of the month.We already know how the United Kingdom is spent with its debt crises.

[boSes12]

The Carry Trade will continue while interest rates allow it, but nobody trusts.The BOJ has the habit of intervening when they least expect it.Will Yen be a dog?It can be, but one that bites when you least expect it.

[sesnTksCtes]

Citigroup predicting the future again ... Does anyone remember the last time they were right?Me neither.To say that Yen will be a dog is a meaningless statement.It all depends on the context.There are no weak or strong currencies, just moments in which some take advantage of better than others.

[xesnraza]

If Yen is a dog, it seems to be a pretty loyal to Japan, because it continues to support its economy regardless of what Western traders say.And if the pound is the master, lately it seems one without a strap or fixed direction.Brexit, inflation, political problems ... Is pound really as strong as they say?

[huTaSutot]

The question is not if Yen is a dog, but what type of dog.It can be a quiet doberman or a furious rotweiler, depending on what the Bank of Japan does.And about the pound ... I don't know, it looks like an old dog that stumbles with its own shadow every time there are bad economic data.

[jeszz913]

The yen a dog?Ha, then the pound is a capricious cat that goes up and downless.What happens is that investment banks want to continue selling the idea that Carry Trade is infallible.Until it is.

[DREsGAKEs77]

Let's be realistic, Yen has always been the panic currency.When everything goes wrong, traders run to buy yen as if they were lottery tickets.So calling it "dog" makes no sense.Rather it is a shark waiting for blood in the water.