Market sentiment has deteriorated during the Asian session and worsened at London opening. Once again the Japanese Yen is emerging as the winners along with US dollar which made gains against all other currencies except Yen. For euro and the British Pound it's surfacing new worries about the future of EU and its common currency as the political climate is becoming edgy and unclear once again. The antipodean currencies behaved relatively well considering sudden dollar & yen rise, but not without some losses.

I changed my strategy for this week and bought both US dollar and yen. So, at the moment I have

GBP/USD short with target at 1.2277
EUR/USD short with target at 1.0614

I also bought yen:
USD/JPY short with target at 111.09 - this is the only position in red at the moment

Also sold euro and pound against the dollar:
GBP/JPY short targeting 137.49
EUR/JPY short targeting 118.67 first

At this point all targets are subject to adjustments depending how the sell off progresses later in the week.
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