Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 12 February 2015 at 21:29 GMT
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Denmark
Another fine day. $USDJPY got spanked today, sold at a small profit and bought it all back lower. It will head higher i the coming days/weeks, medium term target is 121 and longer term 125.

$AAPL still outperforms, small add today.

I will be buying Friday at the close and will place a sell order at 1% profit. Backtesting shows that this will be hit with high probability during the first three days of next week.
4y
colinwbarnes colinwbarnes
not so sure about jpy with todays boj news
4y
pairstrader1 pairstrader1
You are right, but I have seen so many times central banks talk and do nothing. To me, this was another such event. This means bounce back.

But US numbers was no-so-good and that might postpone the rate hike to later, which means that USD will not sky rocket right now.

I am looking closer at US numbers than to what BOJ has to say. BOJ need to hike rates to get JPY running but their economy is not doing so well, and hasn't done for many years. They are fighting structural problems, not just economic.
4y
pairstrader1 pairstrader1
closed USDJPY position, not acting well

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