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hiker

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hiker

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daily chart for 1/2

NOTE: the August and Nov. highs for FXY generally correspond with the swing lows for SPX


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hiker

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1/7 premarket:

Yen declines -

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aW.fkFhRodvM

article excerpt -

The dollar may fall on speculation U.S. Treasury Secretary Henry Paulson and Federal Reserve officials will acknowledge increasing risks of a recession.

Paulson will speak about capital markets and the economy at 2 p.m. today in New York. Atlanta Federal Reserve President Dennis Lockhart speaks at 12:40 p.m. today in Atlanta on the U.S. economy. Lockhart doesn't vote on monetary policy. Fed members Charles Plosser, Eric Rosengren, William Poole, Thomas Hoenig and Frederic Mishkin also speak later this week.

``Paulson and other U.S. officials this week will express concern that the U.S. economy is in a dangerous situation,'' said Kengo Suzuki, currency strategist in Tokyo at Shinko Securities Co., which has agreed to be taken over by Japan's second-largest publicly traded lender Mizuho Financial Group Inc. ``The dollar-selling campaign is likely to continue.''


 

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hiker

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Friday premarket, article link -

The yen fell against all 16 of the most-active currencies on speculation central banks will ease a credit crunch, giving traders confidence to resume buying higher-yielding investments funded in Japan.


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