As per the tweet last night – I went long several pairs with consideration of the large upward bounce in JPY and sell off in risk related currencies. AUD/JPY, NZD/JPY as well EUR/JPY CAD/JPY and CHF/JPY producing several hundred pips in profit overnight.
I will do this on occasion – when I see an absolutely “puch you in the face” type trade opportunity. You may choose to follow – or not.
Again, based in the fundamentals – seeing yesterday’s AUD/JPY dip (around 4-500 pips) in the face of Japan’s massive QE program ( only just getting started ) it made perfect sense to get on the right side of that trade.
I’ve more than taken my 2% back from Japan after last weeks loss.
Kong feels better.