14 January 2008 - 23:12Trading Advice 1/14/08

Yen and franc are going for broke tonight. Should they break through the highs they set in November tonight or tomorrow expect big things from these two. Now that CAD/JPY has broken support at 106.75 it has its sights set on 97.60. Meanwhile USD/JPY will try to make its way towards 101.50 should it break the highs here. Meanwhile the Swiss Franc is being helped by a flight to safety as it and gold reach all time high prices in exchange for the dollar. The franc is also helped by the strong euro although that support will be coming to an end if the Euro fails $1.50. One thing is for sure, with the carry trade unwinding and Bush on the warpath the Franc is getting a lift.