Yen is making some serious moves

Quote from dhpar:

ok. i can't argue with the volatility argument. i usually stay away trading delta in such instruments though.

interesting to be long commodities in the summer (weak seasonals) while thinking that the market is overbought - and then hedge it by selling the healthiest currency around against the highest carry.
my summer position is almost exactly opposite (with the reduced equity risk). but that's what makes he market i guess :)
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I am long commodities because of my thoughts regarding inflation. As for the highest carry, there is no such thing as carry anymore.

Can I go now, or do I need to further justify my book? :)
 
Quote from Ivanovich:

I trade AUD/JPY because it offsets a long term commodity position for the most part. Second is the volatility in the pair (wild as hell). Third, because I think the Aussie is overvalued and the market as a whole is too.

Better?
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I agree with that... Both Aussie and Kiwi are overvalued, in my view. But they just won't give up, in spite of anything that gets thrown their way. It's completely crazy in the world of rates.
 
Quote from Martinghoul:

I agree with that... Both Aussie and Kiwi are overvalued, in my view. But they just won't give up, in spite of anything that gets thrown their way. It's completely crazy in the world of rates.
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It's the same silly behavior in lots of stuff these days.
 
Quote from Ivanovich:

Can I go now, or do I need to further justify my book? :)
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sure. i allow you to go to trade your 2 futures contracts now. good luck. :)
 
Quote from T-Bone Trader:

LT buy on the eurjpy is in place

Looking to exit at 135.00
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Actually, looks like the potential short-term trend has changed '''slightly''' ever so slightly and needs a few more hours to analyze it

But at this rate, it might be setting up for another 300 pip decline based on the potential disaster surrounding the bankruptcy (not declared yet) of CIT

:eek:
 
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