Upcoming week will certainly be volatile if only for the Yen pairs, however we all know tons of instruments worldwide are financed via Yen funding "windows" aka carry trade so this volatility will spill into other pairs as well.
Everyone is too bearish the Yen atm, as I said a few nights back and keep expressing. Shorting the yen is not a get rich scheme.
Long term I'm bullish but short term not quite so. Under-capitlized longs need to be flushed out on a breach of 80.XX
my play for the upcoming week.
Buy quite a few Yen against strategic cross pairs. After the dust has settled of course.
Japanese investors/citizens will be looking to bring their money back home.
Everyone is too bearish the Yen atm, as I said a few nights back and keep expressing. Shorting the yen is not a get rich scheme.
Long term I'm bullish but short term not quite so. Under-capitlized longs need to be flushed out on a breach of 80.XX
my play for the upcoming week.
Buy quite a few Yen against strategic cross pairs. After the dust has settled of course.
Japanese investors/citizens will be looking to bring their money back home.