When the markets open tonight I will be looking for an opportunity to sell one or more currencies
against the Yen - meaning I will be looking to go short Gbp/Jpy, or short Eur/Jpy, Aud/Jpy, Nzd/Jpy etc.

Am I crazy doing this - with all this Usd strength around, and Usd/Jpy sky-rocketing,
the Japan economic easing - weakening their currency ...
you would certainly think that I have lost it, but look at it this way:

Remember a couple of years ago when US QE was the big news,
everyone was looking to go short Usd as soon as they announced their second QE of 600 biljion;
remember what happened - it took just a couple of days to realise that the QE
was actually going to help US economy, and it actually strengthened the dollar, not weaken it

I believe something similar is about to occur in Japan:
the easing will help their economy, and at least - they are trying to help their situation,
while in Europe we are still struggling to find the correct answers..

Technically, Usd/Jpy has moved up so much - there is bound to be a correction soon;
I would think that at least previous highs 2008 will be tested very soon around 110.50
This will mean that the weaker Gbp/Jpy and Eur/Jpy will suffer harder,
and lose a couple of hundred pips each - I am counting on this to happen this month

Think about it
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