One of only a few correct predictions of mine in the currency market so far(thank God I didn't dabble in currency futures first!),the SGD-JPY cross is hurtling towards its low of the year at around 60 yen to S$1.
I'll only take profit on the yen I bought in the previous post at 67.02 yen to S$1 if it comes within half a yen of that low in late October.
My prediction is that a double-bottom-like formation is only a few days away at the most!
As an aside, all the four times I've dabbled in the SGD-JPY cross have been profitable ones.
The only other currency crosses I've had a 100% record on were all one-time wonders: the USD, the HKD, the SAR, the AED. You'd notice that they're all either the greenback or pegged to it!
Also, I'm sitting on a profit on my Thai baht and Vietnamese dong holdings.
