Keep your eye on the [[FXY]]. People with large accounts and big ego’s do not like Yen strength. With Yen/Dollar approaching $100, expect to hear talk of the “carry trade unraveling,” yet again.
Just know, Japan is entirely screwed by our wheel-barrow dollar, being a big exporter and all.
As of now, “The Fly” is NOT ready to come out of retirement. But, he is contemplating it.
I’ll have you know, “The Fly” has been working on clicking his mouse, while throwing “faux champagne bottles” at his trader/servant, in order to simulate his former trading environment.
Finally, from the luxury of the shuffle board court, “The Fly” thinks gold, via [[DGP]], and short dollars, via [[UDN]], makes sense here.
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