I don't understand what's behind this rapid dollar fall against the Japanese yen. I know the pair is generally tracking treasury yields which keep falling but why? By now, USD/JPY has made a round trip, closing below 113. And when we do get a correction in US equity markets(and it's not if, but when) how low it's going to go, sub 111.00? 109.00 ? This negative USD/JPY position is teaching me to be humble and have more respect for market forces.

On the other note I managed to stay in top 10 the whole week which I consider a big accomplishment. Dollar showed some strength yesterday and that allowed me to close three of my previously negative positions with small profits. I still have long USD against euro which can go either way and against yen of cause - here the goal is to just minimize my loss. I don't have much of a plan about what to trade next week and with a Monday holyday in the US, it will be a slow start of the week. Some action on Tuesday will probably be followed by more dollar strength on Wednesday. Dollar usually does well before FOMC Minutes release. I actually think that there might be some clues in the Minutes related to possible rate hike in March.


Übersetzen in Englische Sprache Zeige Original