tag:blogger.com,1999:blog-1528855306823771354.post5848824166784498000..comments2023-07-01T03:28:04.142+12:00Comments on Kiwi Trader: USD/JPY position updateKiwi Traderhttp://www.blogger.com/profile/18369785640717960444noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1528855306823771354.post-55070020139917828442009-06-18T19:16:20.024+12:002009-06-18T19:16:20.024+12:00Kiwi trader says:
"The idea being that in th...Kiwi trader says:<br /><br />"The idea being that in the future the USD will be worth more to sell and the Yen will be cheaper to buy back"<br /><br />pq say <br />surely the $USA dollar will decline over time,<br />the $AUD should remain strong I agree, do you have any comment about the $NZ against $AUD.peterquixotehttps://www.blogger.com/profile/15873112816453062068noreply@blogger.comtag:blogger.com,1999:blog-1528855306823771354.post-72444264797873926202009-06-16T19:54:35.110+12:002009-06-16T19:54:35.110+12:00It means that I use a bank rather than a broker to...It means that I use a bank rather than a broker to do all my foreign exchange trading.<br /><br />Long USD means bought USD as a forward exchange contract for delivery in the future. Short JPY means sold Yen for delivery in the future.<br /><br />The idea being that in the future the USD will be worth more to sell and the Yen will be cheaper to buy back.<br /> <br />But I have done the opposite, expecting the AUD to be worth more and the JPY to be worth less, given the direction of their respective economies.Kiwi Traderhttps://www.blogger.com/profile/18369785640717960444noreply@blogger.comtag:blogger.com,1999:blog-1528855306823771354.post-42160085359404772792009-06-10T18:06:30.021+12:002009-06-10T18:06:30.021+12:00Dude what does this mean
"Sooooo, I began di...Dude what does this mean<br /><br />"Sooooo, I began discussions with my bankers. If I went long AUD and short USD3m would they offset the USD3m long/short and treat it as a AUD/JPY deal for limit purposes"?<br /><br />Does this means you borrow money for trading purposes?<br /><br />Does long USA mean you have to buy USA at a rate set now?<br />Does short Japan Yen mean you sell now and buy back later?<br /><br />USA should drop ten per cent against all currencies soon.<br /><br />I would put $NZ100,000 on it and I only have NZ money now, and we are going to rise by that 10%.<br /><br />I went into Nuplex too early, and sold out on Fisher and Paykel too early.<br /><br />My only long term proposition is to leave this bloody cold winter in the south island,peterquixotehttps://www.blogger.com/profile/15873112816453062068noreply@blogger.com