Mohamed El-Erian says Japan will repatriate more funds than the market expects…
USD/JPY is quite skittish at month-end, chopping around in a 82.70/95 range.
UPDATE: El-Erian says to buy emerging markets currencies, funding them with USD, EUR and JPY…
6 Responses to “Sounds like Pimco’s short USD/JPY…”
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
AUTOREFRESH 
I’m not going to tell you that I’m smarter than the people at PIMCO, because I’m not but it seems to me that BOJ is the only CB looking to loosen its policy. Carry trade, anyone?
I concur with Chris… I don’t listen to guys like Pimco or Goldman, Barclays, etc. I listen to my computer fan as I watch what price action is doing
You should get a quieter computer, dualc.
Computer fan drowns out the crickets at least
For what it’s worth, Matt Imai (a former Japanese bank dealer with a 17 and 0 annual trading record turned politician) posted on one of his blogs about the repatriation thing, and his information is that there just isn’t any great need for repatriation of assets to cover the earthquake damage bill. The cynic in me says that he would say this to toe the line with the Japanese Ministry of Finance, but the rational side of my brain (I think I have that side) tells me that he’s not talking as a politician but as the well regarded authority on FX that is here known as here in Japan.
I like El-Erian for some interesting ideas, but to date I can’t remember ever actually making money out of anything he has actually said.
Dude, EVERY bank trader has an annual profit…You don’t get to trade for 17 years for a bank if you can’t pick the low-hanging fruit…