USD/JPY: Hedge fund’s selling in recent trade near 98.50
FXWW303, our interbank insider, is reporting that hedge funds have been selling USD/JPY in recent trade.
He has been trading AUD/USD from the short side today, in anticipation of month-end selling. He has a very short-term view of the market and whilst it is certainly not everyone’s favourite trading method, it is good to get some sense of how the interbank market is leaning.
Don’t expect him to get every trade right, but if you combine his thoughts and ideas with our hedge fund insider @FXWW888, then I think that will really help you get a better overview of the market.