Headline driven market, with Toshins in background
There are a number of new Japanese investment fund issues (Toshins) which have led to quite solid demand for the USD, MXN and TRY against the Yen in the past 24 hours. Then of course we have the various headlines regarding the US debt deal which are hitting the newswires every couple of hours. No deal, deal, no deal etc etc. Hopefully the US politicians go to sleep soon.
I’m still short EUR/JPY and hoping for a dip or some inspiration.