Monday, July 21, 2008

I like the idea of a USD/JPY short...

...but will hold off for now. Looks like a nice little downtrend on the daily, we're right about at resistance and I BELIEVE the US market will be done with this little 4 day rally and be ready to continue on with the dump. However, the USD/JPY honestly scares me and is known for it's voilently quick moves, something I'd rather stay away from at least until I feel more comfortable with the pair.

It should be fun to watch :)

On the NZD/JPY, we're flirting with the 96 mark right now...looks like we want to go lower but will continue to watch for now.

Good morning :)

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