US - Fiscal Cliff is fuzzy and Operation Twist will end this December was rumored back in September to be replaced by QE4 and with all available options, Fed might announce QE4. This will be dollar bearish, equities, commodities (including gold, silver) and Euro bullish.
EZ - Greece will get the slice the markets are waiting for. What other options are there? Grexit? I highly doubt this will happen. Catalonia secession from Spain yet to be seen.
EUR/JPY - There will be hiccups on Greece before final confirmation and it will be the catalyst for this pair to go lower to pick up the bids below (this will be the time to exit your shorts or stick yo your plan) then springboard to the next level 108.xx. E/J doesn't have to rely on U/J. U/J may stay at current level 82.30 and E/J moves to 108.xx or higher. Most likely E/J will drag U/J higher due to dollar weakness and dumping the YEN.
December will be bullish month. Markets will forget Fiscal Cliff until the next bubble due to QE4 and Greece is getting the slice. IMHO.
Pending Bubble.
