What a scary move starting 2 days ago since BOJ to weaken the Yen and Abe's comment to set IR below zero.
Looking at the charts I think this is what is happening:
1. Short AUD - Long USD - Short JPY.
2. Short NZD - Long USD - Short JPY.
3. Short AUD - Long EUR - Short JPY.
EUR/JPY and EUR/AUD +300 pips in 2 days. Expecting more to come in USD/JPY, EUR/JPY and all Yen crosses.
I am not going to short EUR or long AUD for now.
Looking at the charts I think this is what is happening:
1. Short AUD - Long USD - Short JPY.
2. Short NZD - Long USD - Short JPY.
3. Short AUD - Long EUR - Short JPY.
EUR/JPY and EUR/AUD +300 pips in 2 days. Expecting more to come in USD/JPY, EUR/JPY and all Yen crosses.
I am not going to short EUR or long AUD for now.