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USD/JPY Crowded Trade
Back at my screens after the Anzac Day holiday on Monday and ready to crush things this week. And what a week it is too, with plenty of tier 1 economic data to affect the majors. This is of course capped off by the highlight of the week, the April FOMC decision… into the RBNZ just 3 hours later… AND the BoJ just 8 after that! Speaking of Japan, this Tweet from @ReutersJamie caught my eye this morning: When a publicly obvious trade gets overdone, there will inevitably be a correction. The short USD/JPY (or long JPY) trade is definitely one of these openly public trades that every man and his dog knows about, talks ... (full story)
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