JPY crosses

USD/JPY: Looks soft heading into European open

I’m running a small USD/JPY short which I wish was larger. The market is trying to buy dips at the wrong level, which is usually a recipe for further losses IMHO. I’m hoping for some sort of rally to increase my position on, but then again it’s NFP week so we need to be careful there as well.

Leave a Reply

Your email address will not be published. Required fields are marked *