I’m still holding positions Long on the US/JPY although we saw a small 30+ pip rise after the initial crunch this morning, the YEN remains strong…and flat.
This puts Japans exporters in a poor trading position ONCE AGAIN, “wait for it”
from twitter news: JAPAN FINMIN AZUMI – 4TH EXTRA BUDGET WON’T BE LESS THAN 2 TRLN YEN – JIJI
How can we lose??…It’s TWITTER for Christ’s sake !!!
anyway,
The JPY is currently flatish around the 77.60’s, we were hitting 78.20’s just a few trading sessions ago. The normal rule I follow after Big Govie steps in is to wait 24 hours and let the dust settle and this being NFP week?
I’m holding into next week (I’m +) just not a whole lot (s)
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The GBP/JPY trade last night went right back where it started…now it doesn’t look so promising, …I’ll pass
Many of the pairs are bouncing off the 50 sma on a 1 hour chart.. ( GB/US, AUD/US, AUD/CAD, AUD/JPY, NZ/US,etc)…….
I’ll sit and wait
