If we look at the intrest rate curve,japan and eur are the most dovish,and usa and gbp hawkish,there is so much uncertainty in many areas,usa and gbp in focus,volatilty is a given,and while many may take postions and hold for long term based on fundamentals,my view is and has been the way i am trading forex is short term as events change overnite,great example while all were so bullish on the usd/yen they have been burnt bad,of all my years of forex trading this year has been a very wild one,but profertable for short termers.Something traders need to keep an eye on is what the retaile traders postions are,as this has big impacts on directions .wishing all traders great trades.Was short usd/yen on break of $116.00 ,just based on risk aversion,out now,even the sp500 is hard to justify where it is trading,and my view only a matter of time before it takes a fall,but others will fall first,sp500 allways the last.cheers.
Price at posting:
0.9000 Sentiment: None Disclosure: Not Held
