USD/JPY Surges as NFP Report Smashes Expectations - As usual, the Yuan has broken through the crucial 6.00 point line and is being supported at that level by the forex bulls that are making a strong push. Whether or not the trend will continue remains to be seen as we speak. This could be a "bounce" or a "new high".
The Forex Bulls has to be licking their chops for this one as it looks like they are on the right track. There are also a big spike in currency pairs and the $USD pair for this same period. This might be another all-time high in the USD/JPY.
If the trend continues, the more bulls will see USD/JPY at the record of this, or perhaps, this is going to be another high. At least as long as the Chinese market continues to support the Yuan on its strength. Also, there is no doubt that the USD/JPY is going to shoot up when the YANZCAO index hits this historic all-time high.
The Dollar index is coming down. Do you remember all the promises by the Obama administration about "going back to the United States of America and treating our worker's right"? Well, the US stock market, if you believe the Wall Street Journal, is going to go up!
Yes, if the American economy continues to grow and the financial markets continue to go up, you better believe that the Dollar Index is going to go up too. You see, the dollar index will make sure that the Dollar keeps going up (and the USD/JPY down) as long as it can. That is how well coordinated they are going to be.
This group of economic advisors don't care that much about you as a consumer or worker, but they do care about the Country. Well, they care more about the Countries that produce the majority of the consumer goods that they buy. So, whether you like it or not, you better think about the US Economy as a giant capitalist gulp of corporate welfare.
Well, if you are an American who believes that the US Economy isn't a dumping ground for foreign nations to fill up their coffers, and it isn't your fault for believing it anyway, then maybe you shouldn't be trying to protect your currency? Perhaps you ought to try and protect your industries and jobs? You see, in times like these, with a debt to GDP ratio that is over 200%, we are being attacked by the Chinese, by foreign nations, and by individuals. It is these attacks that are holding down the dollar.
The reason why so many people in America can't find work is because they are doing low-skilled work, they are making very little money and are not getting paid very well because they are going for jobs that pay the minimum wage, and they can't get higher paying jobs because they are still making below the minimum wage. Some of them are losing their homes and getting evicted.
The problem is that the dollar goes down in value every day and as a matter of fact, the dollar is now down over 15% against the Euro. So, what will happen when the Federal Reserve prints the first trillion dollars to bail out the banks?
Why is the economic stimulus package coming soon? Do you really think that the US citizens and their representatives, elected in the House and Senate, are going to let them get away with it? I know I sure don't.
This crisis, which is a totally created crisis by the Federal Reserve, is going to take awhile to get fixed. The dollar, despite the inflation that has hit the US recently, is still going to be stronger than the Euro at least until sometime in the next few years.
A Reversal of Forex trading is already coming. Even before the Yuan was mentioned in the news, the dollar was plunging. And I think it will continue to decline, as long as the bad news is coming out.