I would imagine that the reason for preferring long at this time is because of being close to the lows, therefore while it is still possible to scalp short, there is far more room for it to go up than down, and it is probably more likely.
Not if the big boys are intent on re-testing the all time low @79!
Anything can happen but the probability of going to 79 won't be much higher than a probability of intervention. More bigheads must be interested in keeping Japan afloat.
Rationale like this (big boys moving it more down) contradicts a rule not to sell at the bottom. Both, however, have their reason and as many here use to say: anything can happen. I personally will be longing the pair until an intervention or decent retracement puts me into lucrative greens...
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