A new week is about to start
and I think it will be time to dive right in into selling the Yen against everything as soon as market opens
With the FOMC decision on tapering coming up on wednesday
(God, I hope I got that right this time :-)
Usd/Jpy will be going up before then in anticipation of the tapering decision
My plan is to buy now, and get out just before the news,
because on the day noone really knows what will happen
Tapering is the far most likely outcome, and that should boost Usd/Jpy, and the crosses like Gbp/Jpy, and Eur/Jpy etc
but I don't like to be in when the decision is made,
most likely all yen crosses will be priced in before wednesday
and I think it will be time to dive right in into selling the Yen against everything as soon as market opens
With the FOMC decision on tapering coming up on wednesday
(God, I hope I got that right this time :-)
Usd/Jpy will be going up before then in anticipation of the tapering decision
My plan is to buy now, and get out just before the news,
because on the day noone really knows what will happen
Tapering is the far most likely outcome, and that should boost Usd/Jpy, and the crosses like Gbp/Jpy, and Eur/Jpy etc
but I don't like to be in when the decision is made,
most likely all yen crosses will be priced in before wednesday