Usd/jpy

Shorted at 117.40. Looks like the gold free-fall today will hit this and other JPY crosses when toyko opens.
Looking for the bottom of the Ichimoko cloud at 116.4
 
yeahIknow,

You shorted the forex pair or the futures?

You think that the Yen will be strong because of teh glod/silver decline?
 
I shorted the forex pair, not the future. Indirectly, if metals become more volatile then Tocom will increase margin levels, and thus shorts in JPY will be paired back generally. Similar thing happened in December across JPY crosses.
 
Big spike on the spot price also. Mabey pre-G7 jitters? G7 point blank statement to China. Call more flexibility for the Yuan. China quickly rebuffs.
 
Back
Top