Following is a link to an article I wrote for Forbes.com that came out on Tuesday, 10/28/2008. This is especially relevant now with the impending Japanese yen intervention: http://www.forbes.com/personalfinance/2008/10/28/yen-dollar-forex-pf-forex-in_jc_1028soapbox_inl.html
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6 Responses to “My Article on the Yen Carry Trade”
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Fantastic article James, when does your book come out?
GB
Hi Gregory!
Great to hear from you. Thanks for your comment. My book will be released in March of 2009. If you would like, you can take a quick look at the link here: http://www.amazon.com/Essentials-Foreign-Exchange-Trading/dp/0470390867 . Thanks, Gregory!
- James
I enjoyed your article, very informative, i ‘ll be looking for the book when it comes out.
Thank you for your very nice comments, Chris!
- James
Do you think our Yen pairs have bottomed to the point that we are going up for the long haul yet James? My feeling is not yet but wanted to ask you to see what you think?
Hi Eric,
Thanks for your comment. Very good question. We’ve hit extreme lows in the pair, and price has rebounded significantly from those lows. At this point, price is consolidating. I am generally looking towards the upside on pairs like the AUD/JPY. Calling a top or bottom is very risky, but I would say that if we haven’t already hit the low, we should be soon, as I wrote in the Forbes.com article. Technically, there is a lot of room to correct to the upside after the phenomenal drops of the last couple of months. Thanks, Eric!
- James Chen