Why are you so sure JPY is headed down for the month of September? Equities seem to be pulling back from all-time highs and COT data shows Yen positioning to be oversold to an extent that has previously prevented it from going much lower, both bullish signs for the yen. Risk aversion from middle east troubles is also becoming a major threat. I have no doubt that Abe and Kuroda haven't finished pounding their currency down yet, right now the timing just doesn't feel right though. They seem to be taking a breather and waiting for things to settle down before their next drive.
Next question, how do you know if you are right or wrong and do you change your sentiment mid-month if the situation changes or if you are proven wrong? A month is a long time to be on the wrong side of the fence if you are wrong, especially in an ultra-fast moving market like currencies, how often do you re-evaluate your market view?
Next question, how do you know if you are right or wrong and do you change your sentiment mid-month if the situation changes or if you are proven wrong? A month is a long time to be on the wrong side of the fence if you are wrong, especially in an ultra-fast moving market like currencies, how often do you re-evaluate your market view?
si hoc legere scis nimium eruditionis habes