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Usd/jpy , Eur/usd

  1. Feb 28, 2007 #1
    Where do u think those 2 cross currencies will go to for the next 24 hrs?
    i say that JPY is gonna go back to the 120's and still puzzled about the EUR/USD but apparently the EUR isn't going to show any sign of weaknesss anytime soon..what do u think?
  2. jcsd
  3. Feb 28, 2007 #2
    THe dollar's not done declining, but the market can always stay irrational longer than you can stay solvent.

    The main issue with the dollar isn't the yen or euro, it's the yuan. That exchange rate is almost entirely up to the PRC. They have enough treasuries to tank the dollar pretty much whenever they want.

    It'd flatline their own economy (China's foreign trade is 67% of it's GDP), and they have significant unrest, which would only get worse once thier economy tanked.
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