Technical Strategy buy USD/JPY and Yen medium term
We like the Yen at this level and have made it a buy for sometime, my target for now is 85.
If you like a high risk trade the EUR/JPY we are targeting 1.25
Here is the Lloyds View.
December 14th, 2012
From Lloyds Bank
Sell USD/JPY at current spot: 83.80 (18 Dec 2013 = 83.46)
Stop-loss: 85.07 spot
Initial target: 79.21 (long-term potential to retest 75.35 low)
Reward / risk ratio: 3.61 / 1
Short-term signals are now completing to buy JPY v USD, EUR, GBP, AUD, NZD and CAD. These coincide with a test of long-term trend resistance in most of these pairs.
They are therefore relatively low-risk opportunities to re-enter long-term bullish JPY trends.
Separately there is also a short-term signal to sell the Topix.
Double Click to see the full chart
Heffernan Capital Management
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Shayne Heffernan Ph.D.
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Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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