I will be looking to buy yen on rallies this week.  I will probably avoid most dollar pairs unless I want extra exposure.  I think Yen is ready for a bounce.  However in this low volatility environment I think that the trend will take a while to achieve.  A week or two.  Im down on an credit spread on FXY.  Long DEC 96 put, DEC short 98 put for a .75 credit.  I believe FXY has a chance to recover to 97 ish, and possibly touch 98.  I will look to close that credit spread if I can get back to even.
Anyone else short equities? Lets hope for a crash in DIA and SPY .
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                    Anyone else short equities? Lets hope for a crash in DIA and SPY
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