Recent developments in Ukraine have been very risk averse to the market and classic safe haven assets classes like Gold and yen saw some capital inflow. And I was long both yen and Gold, but last night something caught me attention which was Nikkei which suggested to me that we are set for a rally. Price structure on Nikkei made me change my mind and from being net long yen which means short xxx/jpy pairs, to being net short yen which means being long xxx/jpy.

Usually in time of uncertainties Risk On-Off will play in both sides as things begin to escalate in Ukraine risk aversion will kick in and when things will see some improvements the market will react as well, Risk-ON.

Best Regards,
Daytrader21
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