Hi Traders,

This week I will be looking for capital flows to return to USD. I believe that risk aversion was a momentary lapse that was caused by China. Every time China seems to have an issue the stock market sells off and the Yen gains. It was time for a correction in yen anyways.

For this week I will be trading AROUND news events and looking to sell yen. I am buying USD/JPY, GBP/JPY, and AUD/JPY. Aussie dollar has the interest rate differential adding to the long potential. (Carry trade). GBP/JPY and USD/JPY I believe are well set up to gain more. I agree with Goldman Sachs and other large institutions that the dollar will recover.



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