My mate in hedge fund sales told me last night to buy USD, particularly USD/JPY, and that we will see a big move back into the USD in coming weeks. I knew better of course, as I not only ignored his sage advice but I actually had the opposite position; a fool and their money are easily parted 🙁 No harm done, was a fairly small trade and a 40 pip stop, but I’m wondering what he knew and who’s done what? I’m sure all will be revealed in due course.
More technical resistance at 80.65 but a clean break above there should have us buying dips for 84.00!