Selling Euro / Buying Yen

June 30, 2023 Leave a comment

I think that the ‘fat part’ of the Euro advance against the Yen has been seen.

Today’s price is 157.26

Not to be relied on in isolation but this study below shows the percentages which EUR/JPY is trading above its 200 week moving average……and when combined some other studies, it increases the probability of my belief.

Beyond your standard FX trade (currency conversion) this also means European customers and buyers of Japanese parts, components and product should order and pay for their Japanese products ‘tout suite’.

They should be at their cheapest prices seen in the past 3 years, even when considering Japan’s inflation rate of a ‘mere’ 3.2%.

June 30, 2023

by Rob Zdravevski

Karri Asset Advisors

rob@karriaseet.com.au

Filed under Finance & Investment Tagged with , , , , , ,

AUD high against Yen, Euro and Sterling

September 12, 2022 Leave a comment

It is an appropriate and strategic moment for Australian Dollar importers and/or speculators to sell (a tranche of their intended or required) AUD and use it to either buy Euro (EUR), British Pounds (GBP) or Japanese Yen (JPY).

The (multi-timeframe) bullish trend for the AUD (against these currencies) remains intact as they register 5-7 year highs against these crosses.

It’s more perverse that the AUD is weak against the USD….and whilst it finds a floor, a rise in the AUD/USD (DXY is Overbought) will aide a few more percentages for an additional tranche of buying more EUR, GBP or JPY.

September 12, 2022

by Rob Zdravevski

rob@karriasset.com.au

Filed under Finance & Investment Tagged with , , , , ,

Currency Trade Ideas

November 25, 2021 Leave a comment

This week and today, we are also seeing an extreme in the U.S. Dollar (DXY) Index and as a result certain currencies are exhibiting notable weakness, which I think translate into an attractive buying opportunity.

My three strategic currency ideas are;

Sell USD and Buy EUR (current price is 1.1210)
– Once the Euro’s have been bought, I’m waiting for some specific stocks prices. Some on my list include SAP and ArcelorMittal.

Sell USD and Buy JPY (current price is 115.40)
– there are some Japanese equities on my buying list.

Sell USD and Buy SEK (currently 9.1130)
– Swedish equities have already rallied and benefitted from a weaker currency. The likes of Sandvik, Atlas Copco, Swedbank and Assa Abloy. The laggard is airline, SAS. This strategy is more applicable for those need to Buy Krona for corporate and business purposes.

The GBP (versus the USD) isn’t quite there. 1.3260 could be the place to buy Sterling.

November 25, 2021
by Rob Zdravevski
rob@karriasset.com.au

Filed under Finance & Investment Tagged with , , , ,