Friday July 7, 2006 - 10:11:10 GMT
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Black Swan Capital - www.blackswantrading.com
Yen looks good...
â€śLooking ahead, a sustained economic expansion is likely to continue, with a positive cycle of production, income and spending."
BOJ Gov. Toshihiko Fukui
The yen continues to look good to us. The economy continues to progress. And the BOJ continues to talk about â€śgoodâ€ť news. The North Korean missile launch on Wednesday took out plenty of stops.
The latest Commitment of Traders Report from the CFTC on June 27th showed there is plenty of firepower at the ready; the punters (non-commercials) were overwhelmingly net short the yen (Long 21,190 Short 60,762):
Is EURYEN begging to be sold?
There could be some major fireworks on the US jobs report due out today. Expectations for a â€śblowoutâ€ť jobs number are running high. Stay tuned.
Jack Crooks, Black Swan Capital Black Swan Subscription-based Service
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